Summer just got ‘Red Hot’ with CIMB’s latest 15% p.a. interest offer

The temperature isn’t the only one rising this summer as CIMB Bank Philippines, the country’s most awarded digital-only commercial bank, announces its latest high interest offer. From May 1 to June 30, 2024, you can earn as high as 15% per annum (p.a.) interest with CIMB’s Red Hot Promo.


Current UpSave and GSave account holders as of March 31, 2024 are eligible to earn up to 15% p.a. interest on their savings for the month of May, while accounts opened by April 30, 2024 are eligible to join the promo for the month of June. Valid accounts are automatically qualified to earn 4% p.a. interest simply by maintaining their balance, and can continue earning additional interest through the following steps:


  • Earn +2% p.a. by growing your total average daily balance (ADB) by at least PHP 5,000 compared to the previous month’s ADB

  • Earn +2% p.a. by spending a total amount of at least PHP 5,000 using your Virtual Debit Card

  • Earn +3% p.a. by spending a total amount of at least PHP 50,000 using your Virtual Debit Card

  • Earn +4% p.a. by growing your Total ADB by at least PHP 50,000 compared to the previous month’s ADB. 


All additional interest rates are applicable to your total ADB of up to PHP 200,000 and are also inclusive of other promos. Terms and conditions apply.


In case you don’t have a CIMB account yet, opening one is easy and it only takes 10 minutes to open an UpSave account via the CIMB mobile app, which is available on the App Store and on Google Play. You can also open a GSave account via the GCash app. Filipino citizens who are at least 18 years of age only need one valid ID and you can already apply. The full list of valid IDs can be found on the CIMB website.


Your savings account is also more than just a safe place to keep your hard-earned money. Simply maintain an ADB of at least PHP 5,000 to get free life insurance coverage with your CIMB account. You can also enjoy free and fast activation of your CIMB Virtual Debit Card, which you can use to transact online. Just link your account to the CIMB PH app to activate your Virtual Debit Card. Money transfers for free via InstaPay as well.


Let your savings reach an all-time high with CIMB. Access the full mechanics at