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2021
2022

Financial Essentials

Digital Banking with CIMB

Security Tips

Earn 12% p.a. interest rate on your first PHP 200,000 Average Daily Balance. Just open your first CIMB Bank PH UpSave or GSave account.

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Until Promo Ends

Promo Mechanics

Promo Period

Promo will run from May 01 to June 30, 2023.

How to Qualify

Must have no existing open, active or blocked deposit account/s as of April 30, 2023

Reward

Get 12% p.a. interest rate for your first PHP 200,000 Total Average Daily Balance (ADB) for the first two (2) months, inclusive of other promo and regular base rate of 2.5% p.a. for UpSave and 2.6% p.a. for GSave account.

Any balance in excess of PHP 200,000 ADB will earn the regular base rate of 2.5% p.a. for UpSave and 2.6% p.a. for GSave account.

Eligibility and Mechanics

1. Must have no existing open, active or blocked deposit account/s as of April 30, 2023.

2. Must open their first CIMB Bank savings account within the campaign period. Customers with previously closed deposit account will be included.

3. Open to all new to deposit customers of UpSave and GSave accounts only. Fast and Fast Plus accounts are not eligible.

4. Interest rate will be applied to GSave and/or UpSave account’s Total Average Daily Balance (ADB) at a combined customer relationship level (GSave + UpSave ADB), not on an account level.

5. 12% p.a. interest rate will be applicable for the first PHP 200,000 total ADB of UpSave and/or GSave accounts of customer. The interest rate will be applicable for the first two months including account open month and will be inclusive of other promo and regular base rate of 2.5% p.a. for UpSave and 2.6% p.a. for GSave, respectively.

6. The additional interest earned will be credited into the respective accounts, proportionately, depending on the monthly ADB of each account.

7. For customers who have multiple UpSave and/or GSave accounts with CIMB Bank, the special interest reward will be computed based on the qualifying month’s Total Average Daily Balance (ADB) for UpSave and/or GSave accounts.

To calculate the ADB, customers must sum all their balances at the end of each account open days for the qualifying month and divide by the total number of account open days in the qualifying month.
To calculate the Total ADB, customers must add all the ADB of their UpSave and GSave accounts in the qualifying month.

8. The additional interest earned will be credited to the Eligible Participant’s CIMB Bank PH account less 20% Withholding Tax (WHT) within fourteen (14) business days after each of the qualifying month, provided that Eligible Participant’s account/s MUST NOT be blocked and/or closed at the time of crediting. The regular base rates are credited on the first day of each month.

9. The additional interest reward shall be credited only to the Eligible Participant’s CIMB Bank PH 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 account.

Scenario 1:

Customer opens his first GSave and UpSave account on May 20, 2023 and he is eligible for 12% p.a. interest introductory rate for the first two months (applicable for the first PHP 200,000 Total Average Daily Balance (ADB) of GSave and UpSave account). In this case, the customer will earn the promo interest rate for 12 days in May.

Computation for number of days:

May 2023: From May 20 (account open date) to May 31
June 2023: Whole month of June

On the second month, the customer increased his Average Daily Balance (ADB) for both GSave and UpSave accounts with a total ADB of PHP 210,000. Customer will earn 12% p.a. interest rate for the first PHP 200,000 total ADB of UpSave and GSave accounts. The excess total ADB of PHP 10,000 will earn regular base rate of 2.5% p.a. for UpSave, and 2.6% p.a. for GSave, respectively, which will be credited every first day of the month.

Scenario 2:

Customer opens his first GSave account on June 01, 2023 and is eligible for 12% p.a. interest introductory rate for the first two months (applicable for the first PHP 200,000 Total Average Daily Balance (ADB) of GSave and UpSave account). Customer will earn the promo interest rate for the whole month of June and July 2023.

Computation for number of days:

June 2023: Whole month of June
July 2023: Whole month of July

On the second month, the customer increased his Average Daily Balance (ADB) for his GSave account with a total ADB of PHP 300,000. Customer will earn 12% p.a. interest rate for the first PHP 200,000 total ADB. The excess total ADB of PHP 100,000 will earn regular base rate of 2.6% p.a. for GSave account which will be credited every first day of the month.