Leading digital banking products and services provider CIMB Bank Philippines opens the year with a new high-interest deposit offering to help Filipinos save.
Through CIMB GSave and UpSave, its depositors enjoy an interest rate of up to eight percent per annum on their incremental average daily balance (ADB) until March 31, 2023.
The eight-percent rate, the lender said, is inclusive of other applicable promo or base rates on the incremental ADB growth.
An interest rate of four percent per annum will apply on ADBs of up to P200,000. In excess of this amount, base interest rates of 2.6 percent and 2.5 percent per annum apply for CIMB GSave and UpSave accounts, respectively.
“Coming from our extremely well received 12 percent anniversary promo last December, we want to continue the momentum and offer higher value products to all our customers, making it easier for them to save and for their hard-earned money to enjoy greater returns,” said CIMB Chief Executive Officer Vijay Manoharan.
“We hope that in 2023, we inspire our customers to start the year right and guide them to work towards their life’s purpose,” Manoharan said.
CIMB Bank Philippines is a commercial bank providing innovative mobile-first digital banking solutions and services. It is currently serving more than 6.5 million Filipinos and over two million lending customers.
Since its establishment in 2018, the lender received 82 international awards and acknowledged as leader in digital banking products and services in the Philippines. CIMB Bank Philippines is also part of the CIMB Group, one of ASEAN’s leading banks present in over 16 global markets.
