Special 4% Interest Rate Promo

Promo Mechanics

  • This offer is exclusive to all GSave account holders that increase their Average Daily Balance by at least 1,000 in a given month. 
  • In order to qualify for this promo, customers must have at least one (1) active UpSave and/or GSave account.
  • Customers must have grown their average daily balance by at least PHP1,000 from start until the end of each month to qualify for 4% p.a. for the same month.
    • Examples:
      • If a customer has grown their average daily balance (ADB) by at least PHP1,000 in their UpSave and/or GSave account/s by the end of 31st August, he/she will be entitled to the special interest rate of 4% p.a. on their average daily balance (ADB) from 1st – 31st August. 
      • If a customer has grown their average daily balance (ADB) of at least PHP1,000 on their UpSave and/or GSave by end of 30th September, they will be entitled to the interest rate on their ADB from 1st – 30th September. 
  • To calculate average daily balances, customers must sum all their balances at the end of each day, for each qualifying month, and divide by the total number of days in the qualifying month. 
    • Examples:
      • Juan’s ADB for July 2020 is 900
      • Juan’s end of day balance from August 1 – 15 was 900
      • On August 16, Juan deposited 2000 
      • Juan’s end of day balance from August 16 – 31 was 2900
      • (900 * 15 days) +  (2900 * 16 days)  = total daily balance / 31 days
      • Juan’s ADB for August is 1932
      • ADB grew from 900 to 1,932
      • Juan is eligible for the promo
  • If a customer has a balance below the required minimum, he/she must deposit to any of his/her UpSave and GSave accounts, if more than one, such that the minimum average daily balance requirement is met by the end of each qualifying month (31st August and 30th September).
  • Balances in a customer’s Fast/Fast plus account will not be considered in the total relationship balance eligibility. 
  • Regardless if qualified for the special interest rate promo, the regular base interest of 3% and 3.1% for UpSave and GSave will be shown in the CIMB Bank PH app.
  • Crediting of the additional interest of 1% and 0.9% for UpSave and GSave, respectively, shall come in the form of a cash rebate payment on top of the monthly interest payout. 
  • The GCash transactions must be done via the GCash App or CIMB Bank PH app.
  • Customers can qualify again for the succeeding month provided that customers again grow their average daily balances of PHP1,000 from start until the end of the month.
  • The interest earned will be credited to the Eligible Participant’s CIMB Bank account within fourteen (14) business days after the special interest rate period, provided that Eligible Participant’s account(s) MUST NOT be blocked and/or closed at the time of crediting. 
  • The interest earned shall be credited only to the Eligible Participant’s CIMB Bank subject account/s regardless of any request from the Eligible Participant or any other person to credit the Reward to the Eligible Participant(s) other accounts or third party’s accounts, whether or not held at CIMB Bank or any other banks. 
  • This exclusive perk is exclusive to GSave account holders until September 30, 2020.
  • CIMB will send a notification SMS to inform users that they’re eligible for the promo.

Frequently Asked Questions

Get an interest rate of 4% P.A.! GSave account holders that grow their average daily balance by at least P1,000 are eligible for the promo.

This offer is exclusive to all GSave account holders that grow their Average Daily Balance by at least 1,000 in a given month.

Eligibility is determined by Average Daily Balance within a month. Average Daily Balance must grow by at least P1,000 for eligibility. Crediting of the additional interest of 1% and 0.9% for UpSave and GSave, respectively, shall come in the form of a cash rebate payment on top of the monthly interest payout.

CIMB will send a notification SMS to inform users that they’re eligible for the promo.

Yes, the following individuals are not eligible to join the campaign: 

  • Individuals with a monthly average daily balance growth of less than PHP 1,000
  • Individuals that do not have a GSave account
  • Individuals who are younger than 18 years old or older than 64 years old.
  • Individuals who close their GSave account within the coverage period.

Twice because the promo runs for two months. Customers can qualify again for the succeeding month provided that customers again grow their average daily balances of PHP1,000 from start until the end of the month.

Back to promos