Digital Banks Philippines Competitive Interest
Uncovering the Digital Banks in the Philippines with Competitive Interest
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Are you fed up with your savings account’s poor interest rates? The Philippines’ digital banks might hold the answer for you. For those looking to increase their savings, these online banks are an excellent option because they provide higher interest rates than traditional banks.
Commerce International Merchant Bankers Berhad
CIMB
Attention, every holder of CIMB Bank PH accounts! From May 1 through June 30, 2023, here is your chance to greatly benefit.
When you fulfill the requirements, be prepared to earn an incredible 6% every year. Interest rate for the full month of May 2023 on your first PHP 200,000 ADB. But there’s more! Any amount in excess of the PHP 200,000 ADB cap will continue to earn competitive rates of 2.5% annually.
Up to 12%
Interest Rate Per Annum New Users
| 6%
Existing Users
P 200,00
Rate Cap
| June 30, 2023
Promo Until
Don’t skip this unique chance to increase your savings and take advantage of CIMB Bank PH’s limited-time offer. Act right away to see your savings soar to unprecedented heights!
BSP-licensed, All-in-one Money App
Maya
Maximize Your Savings with Maya Savings Account: Enjoy up to 10% p.a. Interest Rate!
Exciting news for all Maya Savings account holders! Starting June 2, 2023, Maya is offering an exclusive promotional interest rate of 10% per annum. It’s easier than ever to take advantage of this fantastic offer by following these simple steps:
1. Open a Maya Savings account.
2. Make transactions totaling at least PHP 30,000 using Maya.
Up to 10%
Interest rate per annum
+1%
Smart Postpaid Exclusive
P 100,000
Rate Cap
June 2, 2023
Promo Starting
Please note that the 10% bonus interest rate is applicable only to the first PHP 100,000 in your account. However, even after this initial amount, you can continue to enjoy a favorable base interest rate of 4% p.a. on your savings, up to your first PHP 5M. (Any balance exceeding PHP 5,000,000.00 will not earn interest.)
Malayan Banking Berhad
MayBank
Unlock Higher Earnings with Maybank Philippines: Earn Up to 8% p.a. Interest Rate!
Prepare to maximize your savings with an exclusive offer from Maybank Philippines! From April 17 to May 31, 2023, qualified Maybank iSave account holders can enjoy an attractive interest rate of up to 8% per annum. To participate in this promotion, you must have an active account during the promo and qualifying period and have increased your balance from March 31 to May 31, 2023.
Up to 8%
Interest per annum
P 500,00
Rate Cap
| May 31, 2023
Promo Until
Seize this opportunity to grow your money with Maybank Philippines and make the most of this limited-time promotion. Don’t miss out on the chance to boost your savings – start earning higher returns
BSP-licensed digital bank subsidiary of Union Bank of the Philippines and a member of Aboitiz Group.
Union Digital Bank
Revolutionizing Retail Banking with Seamless Digital Solutions.
To join the UnionDigital Bank community, users simply need to download their app and proceed with the registration process. However, please note that as of now, users are required to be part of the bank’s “Whitelist” to receive an exclusive invite code. Once you have your invite code in hand, you can complete the registration for your neo bank account.
During the registration process, you will be prompted to provide personal and employment details to ensure proper identity verification. By utilizing the app’s scanning features, you can easily submit your ID documents and take selfies, streamlining the verification process. Approval for your account usually takes just one day.
Up to 7%
Interest rate per annum
P 500,000
Rate Cap
June 21-31, 2023
Promo Starting
Once you’re a verified UnionDigital Bank user, you can enjoy the convenience of sending or receiving payments through PesoNET and InstaPay. With a daily transaction limit of ₱500,000, you have the flexibility to manage your finances securely. Keep in mind that individual transactions are capped at ₱50,000, ensuring your transactions remain safe and secure.
Accelerating Filipino Fintech
NetBank
Unlock Attractive Interest Rates with Netbank: Tailored to Account Opening Dates
Netbank stands out for its diverse range of interest rates on its accounts, which are customized based on the date of account opening.
If you opened your account between December 21, 2022, and January 17, 2023, here’s the exciting part – you’re in for a treat! Regardless of prevailing market conditions, you will enjoy a competitive 6.5% interest per annum until August 2023.
Up to 6.5%
Interest rate per annum
No Limit
Rate Cap
| August 2023
Promo Until
For those who opened their accounts on or after March 24, 2023, or have existing accounts not earning the special 6.5% interest rate, fret not. Netbank still offers a solid interest rate of 4% per annum on your balance.
One noteworthy aspect of Netbank’s approach is its absence of rate caps on savings accounts. This means that your account’s interest rate can fluctuate, either rising or falling, depending on the prevailing market conditions.
With Netbank, you have the advantage of tailored interest rates, making it a versatile choice for optimizing your savings. Explore the possibilities and take advantage of the interest rates that align with your account opening date. Watch your savings grow steadily with Netbank’s flexible and rewarding approach!