Promo Mechanics and Conditions
Promo Period: November 01 to December 31, 2023
How to Qualify: Must have at least one active and unblocked GSave and/or UpSave Account. Fast and Fast Plus Accounts are not eligible.
| Promo |
Condition |
| 5% p.a. interest |
Maintain Balance |
| +1% p.a. interest |
Grow ADB by Php 5,000 |
| +4% p.a. interest |
Grow ADB by Php 50,000 |
General Terms and Conditions
- Must have at least one active and unblock CIMB GSave and/or UpSave account. Fast and Fast Plus accounts are not eligible.
- The reward will be credited to customers' respective account/s within fourteen (14 banking days) after each of the qualifying month provided that customer’s account/s must not be blocked and/or closed at the time of crediting. The regular base rates are credited at the first day of each month.
- Qualified customers will receive their additional interest reward credited to their savings account net after tax of 20% as required by the BIR. It will be in a form of account credit on top of regular monthly base interest payout.
- The additional interest earned will be credited into the respective accounts, proportionately, depending on the monthly ADB of each account.
- To calculate the average daily balance (ADB), customers 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 the Total ADB, customers must add all the ADB of their CIMB GSave and/or UpSave account.
B. Earn 5% p.a. interest on all your balances this month – no cap!
- Open to all new and existing deposit customers of GSave and/or UpSave accounts.
- Earn 5% p.a. on all your balances this month – no cap!
- 5% p.a. is inclusive of the regular base rate of 2.5% p.a. for UpSave and 2.6% p.a. for GSave account and other promo/s interest rate.
- For customers who have multiple UpSave and GSave accounts with CIMB Bank PH, the special interest reward will be computed based on the qualifying month’s Total ADB with the Bank (for UpSave and GSave only).
C. Earn +1% p.a. interest by growing your Total ADB by at least Php 5,000
- Customer must grow his/her total Average Daily Balance (ADB) by at least Php 5,000 compared to the previous month’s total ADB.
- The additional 1% p.a. interest rate is applicable to the Total Average Daily Balance. No cap.
- For customers who have multiple UpSave and GSave accounts with CIMB bank PH, the special interest reward will be computed based on the qualifying month’s Total ADB growth of customer’s UpSave and/or GSave account in a month.
- ADB growth in a qualifying month must be performed via customer-initiated cash in transaction via InstaPay, PESONet, Dragon Pay, Bayad Center, GCash, 7 Eleven, 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.
- Only applicable to existing deposit customers:
• For the month of November 2023: exclusive to existing customers with open GSave and/or UpSave account as of September 30, 2023.
• For the month of December 2023: exclusive to existing customers with open GSave and/or UpSave account as of October 31, 2023.
D. Earn +4% p.a. by growing your Total ADB by at least Php 50,000
- Customer must grow his/her total ADB by at least PHP 50,000 compared to the previous month’s total ADB.
- The additional 4% p.a. interest rate is applicable to your Total Average Daily Balance of GSave and/or UpSave Accounts. No cap.
- For customers who have multiple UpSave and GSave accounts with CIMB bank PH, the special interest reward will be computed based on the qualifying month’s Total ADB growth of customer’s UpSave and/or GSave account in a month.
- ADB growth in a qualifying month must be performed via customer-initiated cash in transaction via InstaPay, PESONet, Dragon Pay, Bayad Center, GCash, 7 Eleven, 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.
- Applicable only to existing deposit customers:
• For the month of November 2023: exclusive to existing customers with open GSave and/or UpSave account as of September 30, 2023.
• For the month of December 2023: exclusive to existing customers with open GSave and/or UpSave account as of October 31, 2023.
Earn an additional +5% p.a. on top of the 10% by transacting using your Virtual Debit Card and other transactions.
To learn how to avail of the additional +5%, kindly refer to CIMB Bank PH website under ‘Latest Promotions’.
All of the above mechanics and additional interest rewards are inclusive of other interest rate campaigns.
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