CIMB Bank Special 8% Interest Rate Promo with GSave

New GSave users who opened an account within the promo period, October 15, 2022 to December 31, 2022 will enjoy up to 8% p.a. interest rate for the first Php200,000 ADB for the first two (2) 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

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 8% p.a. interest rate for the first PHP 200,000 Average Daily Balance (ADB) for first 2 months on newly-opened and active GSave accounts.
    Month of eligible for 8% p.a. NTB Promo Open Date
    October November
    October 8% p.a. n/a
    November 8% p.a. 8% p.a.
    December n/a 8% p.a.
  • Average daily balance (ADB) in excess of PHP 200,000 ADB will earn the base rate of 2.6% p.a.
  • 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% p.a.
  • Eligible Participant can only qualify for one 8% p.a. promo. If the Eligible Participant is qualified for this Campaign, they will no longer be qualified for the CIMB Deposit Promo Campaign with rewards up to 8% p.a. (4% + 2% + 2% p.a.), and vice versa. The T&C of the CIMB Deposit Promo Campaign is found here: https://www.cimbbank.com.ph/en/promotions/promotions/earn-up-to-8-pa-interest.html
  • 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).
Open A GSave Account

Frequently Asked Questions

  • 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%)]
    • Sample computation eligible for 8% p.a.
      • ADB: 10,000
      • Incremental Interest Rate: *5.4%
      • Number of days in a month: 31
      • *Net Interest Earn: (10,000 x 0.054 x 31) / 360 x 0.8 = Php 37.20
      • *8% p.a. less the base rate of 2.6% p.a., which will be credited every first of the month after each qualifying month

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

Sample Scenario:

Account open date: October 2022
Rewards crediting date: within fourteen (14) banking days in November and December 2022

Account open date: November 2022
Rewards crediting date: within fourteen (14) banking days in December 2022 and January 2023

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