CIMB Bank Special 7% Interest Rate Promo with GSave (Promo until June 30, 2022)

New GSave users who opened an account within the promo period, April 1, 2022 – June 30, 2022 will enjoy up to 7% p.a. interest rate for the first Php100,000 ADB for the first three (3) months.

Deposits are insured by PDIC up to PHP 500,000 per depositor. CIMB Bank Philippines Inc. is supervised by the Bangko Sentral ng Pilipinas.

Promo Mechanics (valid until June 30, 2022)

How to Qualify:

  • Open a new GSave account (first time depositor) within the campaign period.
  • Newly opened GSave Account must be open and active (not blocked). 

Reward: 

  • Earn up to 7% p.a. interest rate for the first three (3) months on an active GSave Account.
  • 7% p.a. interest rate will be applicable for the first Php100,000 Average Daily Balance only. For customers who will be eligible for this campaign and existing 4% p.a. interest rate promo, anything in excess of Php100,000 ADB up to Php200,000 ADB will earn 4% p.a. (T&C applies)
  • The additional interest earned will be credited to their respective GSave Account within fourteen (14) business days after each qualifying month. It will be in the form of account credit on top of the regular monthly base interest pay out of 2.6%
  • To calculate Average Daily Balances, 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 customers who have multiple Deposit accounts with CIMB Bank, the special interest  reward will be computed based on the qualifying month’s Total Average Daily Balance (ADB).

Deposits are insured by PDIC up to PHP 500,000 per depositor. CIMB Bank Philippines is supervised by the Bangko Sentral ng Pilipinas.

Open A GSave Account

Frequently Asked Questions

CIMB SPECIAL INTEREST RATE CAMPAIGN (“this Campaign”) is intended to reward eligible and existing CIMB Bank Philippines (“CIMB Bank”) customers in recognition of their loyalty to CIMB Bank. The campaign period shall run from 1st April 2022 – 30th June 2022, both dates inclusive (“the Campaign Period”).

  • Must be a first time depositor within the campaign period.
  • Newly Opened GSave Account must be open and active (not blocked). 
  • Open a new GSave account (first time depositor) within the campaign period.
  • Newly opened GSave Account must be open and active (not blocked). 
  • 7% p.a. interest rate will be applicable for the first Php100,000 Average Daily Balance only. For customers who will be eligible for this Campaign and existing 4% p.a. interest rate promo, anything in excess of Php100,000 ADB up to Php200,000 ADB will earn 4% p.a. (T&C applies)
  • To calculate Average Daily Balances, 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.
  • To calculate interest amount = (ADB x Incremental Interest Rate x Number of days in a month) / 360) x [1- Withholding Tax (20%)]

The reward will be credited into the customer’s GSave Account within fourteen (14) business days after  each qualifying month.

There is no required minimum balance to earn interest. However, 7% p.a. interest rate is applicable for the first Php 100,000 Average Daily Balance only.

No, you are not allowed to open more than one GSave account.

The additional interest earned will be credited to your respective GSave Account within fourteen (14) business days after each qualifying month. Should there be any delays in crediting, CIMB Bank PH will notify you via SMS and/ or Email. For any questions or concerns, kindly contact CIMB at #2462 (#CIMB) from 6:00 AM to 10:00 PM daily.

The interest is lower than my expected amount based on the calculation. 

Thank you for raising your concern. Should  you have any disputes on the computation of the interest, kindly reach out to CIMB at #2462 (#CIMB)from 6:00 AM to 10:00 PM daily.

Should  you have any disputes on the computation of the interest, kindly reach out to CIMB at #2462 (#CIMB)from 6:00 AM to 10:00 PM daily.

Upon account opening, CIMB Bank will send your temporary login credentials through SMS with the following details:

  • Username: Your registered mobile number starts with “9”. (Example: 9876543212)
  • Password: Randomized password (Only you will be able to see this)

Once you have received the temporary login credentials, you can proceed to link with the following steps:

  1. Download and launch the CIMB Bank PH App
  2. Tap on “link my GSave account”
  3. Input your temporary username and password (from the SMS)
  4. Create your desired username & password and complete the required information (you will be using these credentials to login to the CIMB Bank PH app)
  5. Key in the 6-digit OTP sent to your registered mobile number
  6. Verify your registered email address
  7. Create your 6-digit MPIN (you will be using this for transaction authentication)

*Mobile number starts with 9 (Example: 9876543212)

And you’re all done!

See link: https://www.cimbbank.com.ph/en/help-and-support/faqs/account-maintenance/gsave-account-maintenance/how-do-i-link-my-gsave-account-to-cimb-bank-ph-app.html

  1. Go to your GSave Dashboard and click on “Upgrade Now”
  2. Fill out the form with the necessary information.
  3. Once the form is submitted, you should receive a confirmation text message that your GSave account has been upgraded!

And you’re all done!

See link: go.gcash.com/gsave-account-update

  1. You can cash-in to your GSave account inside the GCash app.
  2. You can cash-in to your UpSave account inside the CIMB Bank PH app via the channels below:
Back to GCash App