According to a report by Gulf News, overseas Filipino workers (OFWs) can now invest in Retail Treasury Bonds (RTBs) offered by the Philippine government. RTBs are fixed-income securities that provide a safe and accessible investment option for Filipinos abroad, allowing them to earn interest while supporting national development.
To purchase RTBs, OFWs need to open a bank account with an accredited selling agent, such as major Philippine banks or their overseas branches. During the offer period, investors can apply online or through the bank, with a minimum investment typically set at PHP 5,000. The bonds are issued by the Bureau of the Treasury and have a fixed maturity date.
Investing in RTBs offers OFWs a secure way to grow their savings with government-backed returns, often higher than regular savings accounts. The interest is paid semi-annually, and the bonds can be held until maturity or sold in the secondary market. This initiative aims to broaden retail participation in government securities and encourage remittance-based investments.