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Until Promo Ends

 

Earn 5% p.a. interest rate at NO CAP when you open an UpSave or GSave account or maintain your balance with us

Who can join this promo

 
  • Customer must have at least one active and unblocked GSave and/or UpSave account. Fast and Fast Plus accounts are not eligible.
  • This promo is applicable to all new and existing customers.

5% Mechanics

Get 5% p.a. for all your Average Daily Balance (ADB) – NO CAP!

  • Earn 5% p.a. interest for your existing Average Daily Balance (ADB) at no cap by just maintaining your balance with us.
  • 5% p.a. interest rate is inclusive of regular base rate of 2.5% p.a. for UpSave and 2.6% p.a. for GSave account, and other promo/s.
  • Qualified customers will receive their additional interest rate reward credited to their savings account net after tax of 20% as required by the BIR. It will be in the form of account credit on top of the regular monthly base interest payout.
  • The additional interest earned will be credited into the respective accounts, proportionately, depending on the monthly Average Daily Balance  (ADB) of each account.
  • To calculate the ADB, customer must sum all their balances at the end of each day, for the qualifying month, and divide by the total number of days in the qualifying month.
  • For newly opened account, ADB will be computed from the account open date and divide by the total number of days from account open date in the qualifying month.

How to Compute for your Interest Earnings

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

SCENARIO 1:

ADB for GSave: 300,000
Total ADB Applicable: 300,000
Days in January: 31
 
Account Type

Base Rate

Base Rate Upgrade Total Base Rate Upgrade Promo   Total ADB   No. of days in a month Net Interest Amount Earned
GSave 2.60% 

2.40%

5.00% 
300,000 31 496.00

*This is inclusive of regular base rate of 2.5% p.a. for UpSave and 2.6% p.a. for GSave, respectively. The base rate is automatically credited to the account every 1st day of the month.

SCENARIO 2:


ADB for GSave: 200,000
ADB for UpSave: 30,000
Total ADB Applicable: 230,000
Days in January: 31

Account Type

Base Rate

Base Rate Upgrade Total Base Rate Upgrade Promo   Total ADB   No. of days in a month Net Interest Amount Earned
GSave 2.60% 

2.40%

5.00% 
200,000 31 330.67
UpSave 2.50% 

2.50%

5.00% 
30,000 31 51.67

*This is inclusive of regular base rate of 2.5% p.a. for UpSave and 2.6% p.a. for GSave, respectively. The base rate is automatically credited to the account every 1st day of the month

Get Started On Your Savings Journey! 

Frequently 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.​

When will my interest be credited to my account?

The reward will be credited to customers’ respective account/s within fourteen (14) business days after the end of the promo period provided that his/her account(s) must not be blocked and/or closed at the time of crediting. The regular base rate are credited at the first day of each month.

What if I have multiple UpSave/GSave accounts?

For customers who have multiple UpSaveand GSave accounts with CIMB Bank PH, the special interest reward will be computed based on the qualifying month's Total ADB of his/her UpSaveand GSave accounts only with the Bank. 

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

 

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