Special 4% Interest Rate Promo with GSave (Extended until December 31, 2021)
Just grow your average daily balance by at least PHP 1,000 per qualifying month
Deposits are insured by PDIC up to PHP 500,000 per depositor. CIMB Bank Philippines Inc. is supervised by the Bangko Sentral ng Pilipinas.
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Promo Mechanics (valid until December 31, 2021)
- Must have at least one (1) active UpSave and/or GSave account. Fast and Fast Plus accounts are not eligible.
- Must have grown their average daily balance by at least PHP 1,000 from start until the end of each qualifying month within the campaign period to qualify for 4% p.a. on their average daily balance of up to PHP 250,000 for the same month. For average daily balances in excess of PHP 250,000, customers will qualify for 2.5% p.a. interest for UpSave and 2.6% p.a. interest for GSave.
- i.e. if a customer has grown their average daily balance (ADB) by at least PHP 1,000 on their UpSave and/or GSave by end of 31st December, he/she will be entitled to the special interest rate of 4% p.a. on their average daily balance (ADB) from 1st July – 31st December 2021 of up to PHP 250,000. For average daily balances in excess of PHP 250,000, customers will qualify for 2.5% p.a. interest for UpSave and 2.6% p.a. interest for GSave.
- In the second qualifying month, if a customer has grown their average daily balance (ADB) by at least PHP 1,000 on their UpSave and/or GSave by end of 31st December, he/she will be entitled to the special interest rate of 4% p.a, on their average daily balance (ADB) from 1st July – 31st December 2021 of up to PHP 250,000. For average daily balances in excess of PHP 250,000, customers will qualify for 2.5% p.a. interest for UpSave and 2.6% p.a. interest for GSave.
- To calculate average daily balances, customers must sum all their balances at the end of each day, for the qualifying month, and divide by the total number of days in the qualifying month.
- If a customer has a balance below the required minimum, he/she must deposit to any of his/her UpSave and GSave accounts, such that the minimum average daily balance requirement is met by the end of the qualifying month.
- For GSave Account holders: If a customer has a GSave account, he/she can link, verify, and upgrade their account to GSave Plus on CIMB Bank App in order to unlock the limits of their account and deposit more than the PHP 100,000 cash in limit.
- Regardless if qualified for the exclusive interest rate promo, the regular base interest of 2.5% and 2.6% for UpSave and GSave will be shown in the CIMB Bank PH app. Crediting of the additional interest of 1.5% and 1.4% for UpSave and GSave shall come in the form of cash rebate payment on top of the monthly interest payout.
- Each Eligible Participant is entitled to an increased interest rate for UpSave and/or GSave if they meet the average daily balance growth of PHP 1,000.
- The additional interest earned will be credited to the Eligible Participant’s CIMB Bank account within fourteen (14) business days after the special interest rate period, provided that Eligible Participant’s account(s) MUST NOT be blocked and/or closed at the time of crediting.
- The additional interest reward shall be credited only to the Eligible Participant’s CIMB Bank subject account/s regardless of any request from the Eligible Participant or any other person to credit the Reward to the Eligible Participant(s) other accounts or third party’s accounts, whether or not held at CIMB Bank or any other banks.
Deposits are insured by PDIC up to PHP 500,000 per depositor. CIMB Bank Philippines is supervised by the Bangko Sentral ng Pilipinas.
Frequently Asked Questions
