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Until Promo Ends

Eligibility and How to Qualify​

  • Promo runs from November 11 to December 31, 2024

  • Customer must have one active and unblocked LazSave Account. Other deposit accounts are not eligible. 

  • All of the additional promo interest rewards are inclusive of other interest rate campaigns and only applicable to the growth in the Average Daily Balance (ADB) of your LazSave Account.​
  • Both New to Bank and Existing to Bank LazSave customers are eligible for this campaign. New to Bank customers are defined as those who open their LazSave accounts within the campaign period whereby Existing to Bank customers are defined as those who open their LazSave accounts prior to the campaign period.

Get up to 25% to welcome 2025

Earn 5.0% p.a. interest on all your balances this month – NO CAP!​

 
  • Earn 5.0% p.a. on all your existing LazSave Average Daily Balance (ADB) with no cap.
  • This is applicable to all deposit customers of LazSave account only – new and existing deposit customers. Other deposit accounts are not eligible. 
  • 5.0% p.a. interest is inclusive of LazSave's regular base rate of 2.5% p.a. and other promo/s.
  • The mechanics and terms and conditions of this interest rate promo is the same with DTI Permit No. FTEB-202602 Series of 2024 and shall prevail. This should be viewed as the same promo, rather than a separate or additional offer.

Earn +5.0% p.a. interest by growing your Total Average Daily Balance by at least ₱5,000

 
  • New to Bank customers: Customer must maintain his / her total Average Daily Balance (ADB) by at least ₱5,000 during the month in which they open their account. The ADB calculation for New to Bank customers will be computed from the account open date and divided by the total number of days from account open date in the qualifying month.
  • Existing to Bank customers: Customer must grow his / her total Average Daily Balance (ADB) by at least ₱5,000 compared to the previous month’s LazSave ADB.
  • The additional 5.0% p.a. interest rate is applicable to the Total Average Daily Balance (ADB) growth from the previous month only, no cap, and inclusive of other promo/s. 
  • ADB growth in a month must be performed via customer-initiated cash in transaction via InstaPay, PESONet, Dragon Pay, GCash, and Over-the-counter Banks. Transfers within account of customer or within CIMB Bank accounts are not considered. Any delays in cash-in posting of funds in a month is not counted, regardless of the cause of the delay.

Earn +6.0% p.a. interest by growing your Total Average Daily Balance by at least ₱10,000

 
  • New to Bank: Customer must maintain his / her total Average Daily Balance (ADB) by at least ₱10,000 during the month in which they open their account. The ADB calculation for New to Bank customers will be computed from the account open date and divided by the total number of days from account open date in the qualifying month.
  • Existing to Bank: Customer must grow his/her total Average Daily Balance (ADB) by at least ₱10,000 compared to the previous month’s LazSave ADB. ​
  • The additional 6.0% p.a. interest rate is applicable to the Total Average Daily Balance (ADB) growth from the previous month only, no cap, and inclusive of other promo/s. 
  • ADB growth in a month must be performed via customer-initiated cash in transaction via InstaPay, PESONet, Dragon Pay, GCash and Over-the-counter Banks. Transfers within account of customer or within CIMB Bank accounts are not considered. Any delays in cash-in posting of funds in a month is not counted, regardless of the cause of the delay.

Earn +9.0% p.a. interest by growing your Total Average Daily Balance by at least ₱50,000

 
  • New to Bank: Customer must maintain his / her total Average Daily Balance (ADB) by at least ₱50,000 during the month in which they open their account. The ADB calculation for New to Bank customers will be computed from the account open date and divided by the total number of days from account open date in the qualifying month.
  • Existing to Bank: Customer must grow his / her total Average Daily Balance (ADB) by at least ₱50,000 compared to the previous month’s LazSave ADB.
  • The additional 9.0% p.a. interest rate is applicable to the Total Average Daily Balance (ADB) growth from the previous month only, no cap, and inclusive of other promo/s. 
  • ADB growth in a month must be performed via customer-initiated cash in transaction via InstaPay, PESONet, Dragon Pay, GCash, and Over-the-counter Banks. Transfers within account of customer or within CIMB Bank accounts are not considered. Any delays in cash-in posting of funds in a month is not counted, regardless of the cause of the delay.

How to Compute for your Interest Earnings

Here's how you can compute for your additional interest earnings:

 
Scenario 1:

 

Customer is an existing CIMB Bank LazSave account holder since October 20, 2024. On November 2024, customer increased his/her total ADB by Php100,000 via customer-initiated transaction on the same month compared from the previous month’s total ADB of Php 80,000 using the valid cash-in channels. The total average daily balance is PHP 180,000 and have fulfilled the conditions stated below. Customer is qualified for 5% p.a. applicable to total ADB and (5.0% +6.0% + 9.0%) p.a. interest promo applicable to the total ADB growth compared from the previous month.

Account Type

Base Rate

 Fulfilled Conditions Interest Rate Rewards 14 Business Days Promo Crediting Total  ADB No. of days in a month Net Interest Amount Earned (after tax)
LazSave 2.50% 

a. No condition promo rate​ (no cap)

 a. *5.0% p.a. - 180,000 30 P600.00

b. Grown Total Average Daily Balance by PHP 100,000 (ADB Growth by at least PHP 50,000)

 b. +5% p.a., +6.0% p.a., +9.0% p.a. 20.0% 100,000 P1,333.33

*This is inclusive of regular base rate of 2.5% p.a. for LazSave account. 5% p.a. interest rate will be credited every first day of the month.

Scenario 2:

 

Customer is a new CIMB Bank LazSave account holder with account open date of December 20, 2024. On December 2024, customer cashed-in on the same month via the valid cash-in channels. The total average daily balance is PHP 8,000 for the month and have fulfilled the conditions stated below. Customer is qualified for 5% p.a. applicable to total ADB and (+5.0%)  p.a. interest promo applicable to the total ADB growth compared from the previous month.

  Account Type  

Base Rate

 Fulfilled Conditions Interest Rates Reward 14 Business Days Promo Crediting   Total ADB   No. of days in a month Net Interest Amount Earned (after tax)
LazSave 2.50% 

a. No Condition promo rate​ (no cap)

 a. *5.0% p.a. - 8,000 12 P10.67
b. Grown ADB by PHP 8,000 (ADB Growth by atleast PHP 5,000) b. +5.0% p.a. 5.0% 8,000 P10.67

*This is inclusive of regular base rate of 2.5% p.a. for LazSave account. 5% p.a. interest rate will be credited every first day of the month.

Get Started On Your Savings Journey! 

LazSave

  • Get interest rate as high as 5.0% p.a.
  • Enjoy 1% Rebate when you checkout and pay using your LazSave account.​
  • Grow your balance with zero cash-in fees.
Learn More

Frequenty Asked Questions

How do I compute for my monthly interest?

To compute for the interest earned for your account:  ​
 ​
Net Interest Earned = ADB x Time Period x Interest Rate less 20% withholding tax.​

​

Average Daily Balance (ADB) = Sum of your end of day balance, divided by the number of eligible days for the month.​

Interest Rate = Interest rate applicable based on the promo you qualified for.​

Time Period = Total number of eligible days for the month, divided by 360 days.​

Do I need to perform transactions to be eligible for the promo?

No, you are automatically eligible for 5.0% p.a. interest rate regardless if you are a new or existing customer per DTI Permit No. FTEB-202602 Series of 2024.

 

To earn additional interest on your saving, simply grow your total Average Daily Balance (ADB) through the valid cash-in channels. 
Additional promo interest are only applicable to the growth in the Average Daily Balance (ADB) of your LazSave Account.​

Can I get the same interest rate for my other savings products such as GSave and UpSave accounts?

No, this promo is only applicable to your LazSave account. However, your other deposit products may qualify for other ongoing deposit promo campaigns. Terms and conditions apply.

Can't find what you're looking for? Go to our Get Help Page to get answers! 

 

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Terms and Conditions

Promo Terms & Conditions

 

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