CIMB Bank Philippines, cited by Forbes as the Best Bank in the Philippines, has expanded its product offering with the launch of the new MaxSave Time Deposit product. The service offers the highest interest rate in the market of up to 7.5 percent per annum.
“As the pioneer in disrupting the traditional banking space with our digital and embedded banking business model, we are pleased to introduce our next generation time deposit product. With MaxSave Time Deposit, your hard-earned money can work even harder for you so you can maximize the returns on your savings and explore the many possibilities you can pursue to truly live your life’s purpose. This helps enable you to be ready for the future and bring you closer to financing and achieving your next big life goal,” said Vijay Manoharan, CIMB Bank PH chief executive officer.
MaxSave is a time deposit account with flexible tenure options, allowing clients to choose between a 6-, 12-, or 24-month term. It also features high interest rates, ranging from 6.5 percent to 7.5 percent per annum. This allows one to safe keep funds one does not want to spend yet and continuing to grow it for a long-term goal.
The MaxSave Time Deposit product features the highest interest rates in the country. This new next generation time deposit product helps one become more future ready for big-ticket purchases and boost savings as one gradually prepares for your future. One earns the highest interest rates compared to regular savings accounts, have peace of mind knowing that one’s money is secure and enjoying high returns with CIMB. This next generation deposit product is also insured by the Philippine Deposit Insurance Corporation up to P500,000 per customer.
Opening a MaxSave Time Deposit account can be done in less than five minutes requiring only an active and fully verified CIMB Bank PH deposit account. On the CIMB mobile banking app, one simply goes to the product selection page, select MaxSave Time Deposit and accept the terms and conditions, choose the preferred deposit amount and time period, enter the MPIN, and one is good to go!
This product is part of CIMB Bank PH’s mission as the pioneer in digital banking product services to promote financial inclusion via innovative ways to make banking that much more convenient and accessible to Filipinos.
