How Much Can Your Savings Earn with Interest?

Did you know you can let your money work for you? One of the many benefits of putting your hard-earned money in a bank is that it can grow and earn through interest rates. But how does interest rate work? To put it simply, a bank pays you with interest rate when you deposit your money in your savings account with that bank so your money can grow. In traditional banks, your savings can typically grow as low as 0.01% and as high as 1%. In contrast, the interest rates in all-digital banking platforms are usually higher. 

How much can you earn with your savings in a bank account per month?

In order to compute how much your savings will earn with interest, use this equation:


Net Interest Earned = [Average Daily Balance x No. of days in a month / 360] x Interest Rate P.A. x [1 - Withholding tax (20%)]

Your Average Daily Balance (ADB) is calculated by summing up all your balances at the end of each day for each qualifying month, and dividing it by the total number of days in the qualifying month.

If your ADB in your CIMB Bank UpSave account is PHP 100,000 for the month of January, this is how you compute your interest earned. 

Net Interest Earned


= [PHP 100,000 x 31/360] x 0.025 x [0.80]


= 172.20


You will earn PHP 172.20 for the month of January just by putting your money in an UpSave account.

At CIMB Bank, you can enjoy the best-in-market interest rate conveniently! Your savings can grow with the yearly base interest rate of 2.5% for UpSave accounts and 2.6% p.a. for GSave accounts. You may open an account right on your mobile phone is as fast as 10 minutes with fewer fees. Plus, you have three ways to enjoy a higher interest of 4% p.a. on your savings. First, is to maintain minimum balance of PHP 100,000 in your UpSave and/or GSave account. Your second option is to grow your Average Daily Balance (ADB) by PHP 1,000 each month in your UpSave and/or GSave account to enjoy a higher rate on your savings. Plus, if you maintain a minimum of PHP 5,000 in your account, you are eligible for FREE Life Insurance coverage that’s worth your ADB up to PHP 250,000.


If you’re a student or a fresh grad aged 18-25 years old as of January 1, 2022, the CIMB Savings Starter Pack lets you enjoy a higher interest in your UpSave and/or fully verified GSave account. You only need to deposit at least PHP 500 each month and you can even get a Personal Accident Insurance coverage worth PHP 50,000 for FREE.

Find out how to get 4% p.a. interest when you maintain PHP 100,000 in your savings account with CIMB Bank here:

Click the link below to know how you can increase your ADB by PHP 1,000 to get 4% p.a. interest:

Learn more about the CIMB Savings Starter Pack when you visit the link below: 

Seize your life’s goals with CIMB Bank! Download the app and open an account now.

Deposits are insured by PDIC up to P500,000 per depositor.


CIMB Bank Philippines Inc. is regulated by the Bangko Sentral ng Pilipinas. You may contact the BSP Financial Consumer Protection Department at (+632)8708-7087 or