It’s bonus season! Maximize your windfall with these tips from CIMB

The holidays are around the corner—and so is bonus season! No wonder people are walking around showing happy faces. But jokes aside, any windfall is a blessing, and to truly make the most of your government-mandated 13th month pay, it's essential to have a well-thought-out plan in place. 


Let CIMB Bank Philippines, the number 1 bank in the country according to the World’s Best Banks ranking by Forbes, help you to explore ways to maximize your year-end bonuses and make them work harder for you.


Budget and prioritize

Understanding your current financial situation and setting clear financial goals will help you allocate your bonus wisely. Prioritize essential expenses, such as debt payments, rent or mortgage, and utility bills. Make sure to include a portion for savings and investments.


Pay off high-interest debt

High-interest debt like credit card balances can be a significant drain on your finances. Use your bonus to pay it down, reduce, or eliminate it.


Build an emergency fund

An emergency fund is a financial safety net that can protect you from unexpected expenses or emergencies, such as medical bills or car repairs. Using a portion of your bonus to establish an emergency fund is a smart financial move.


Invest in your future

Long-term assets such as a retirement account or a diverse portfolio of stocks and bonds can turn a one-time bonus into substantial wealth over time. Consult with a financial advisor to choose the right investment options for your financial goals and risk tolerance.


Personal development

Investing in yourself is one of the best ways to secure your financial future. Use part of your bonus to enroll in courses or workshops that can enhance your skills and qualifications and lead to better job opportunities and increased earning potential down the road.


Save, save, save!

Lastly, set a portion of your earnings towards your savings. And make sure to choose a bank that offers the highest interest rates per annum. CIMB Bank PH has an ongoing Deposit Promo in celebration of its 5th anniversary of operations in the Philippines. They are offering up to 15% per annum interest rate, no cap! It’s open to both existing and new customers. For more information on how you can take advantage of this promo, visit


Maximizing your bonuses requires careful planning and disciplined financial management. Remember that the key to financial security is not just how much you earn, but how wisely you manage and invest your income—and that includes your bonuses.


To know more about CIMB Bank PH’s deposit products, visit