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June 23, 2024

CIMB Bank offers highest savings interest rate of up to 8%

CIMB Bank Philippines headed by bankero Vijay Manoharan is offering a savings interest rate of up to eight percent as the second half of the year presents a renewed opportunity for Filipinos to press reset and reach their financial goals.

“As we all try to return to normalcy this 2022, CIMB is here to help our clients restart their savings goals. We believe it’s never too late to offer our clients the opportunity to earn as high as eight percent interest,” the bankero said.

CIMB Bank Philippines is the first bank to offer its highest interest rate of up to eight percent per annum for its eligible UpSave and GSave customers, one of the highest savings interest rates in the market.

“CIMB Bank PH is committed to helping Filipinos on this journey and being their companions as they achieve their life goals,” Manoharan added.

Customers who either maintain a Total Relationship Balance (TRB) of at least P100,000 or grow their Average Daily Balance (ADB) by at least P500, on their UpSave or GSave account qualify for a four percent per annum savings interest rate.

They can then get an additional two percent per annum interest by buying load, paying bills, cashing in, or cashing out through interbank transfers to another account.

On top of these rates, they can earn another additional two percent per annum interest by paying their Personal Loan installments or the Minimum Amount Due on their REVI Credit accounts on time.

Studies showed that eight in 10 people abandon their New Year’s resolutions as early as February.

CIMB Bank Philippines is currently serving over 5.6 million Filipinos and over one million lending customers, and is a leader in digital banking in the Philippines.