This campaign is open to all customers with at least one active and unblocked GSave and/or UpSave account that has been registered with a local or international mobile number.
Both New to Bank and Existing to Bank customers are eligible for this campaign. New to Bank customers are defined as those who open their GSave and/or UpSave accounts within the campaign period whereby Existing to Bank customers are defined as those who open their GSave and/or UpSave accounts prior to the campaign period
Only GSave and/or UpSave accounts are eligible for this campaign. Other deposit accounts do not qualify for the rewards.
Eligibility for campaign rewards is contingent upon the customer maintaining or increasing their total Average Daily Balance (ADB) (inclusive of all savings, current, and time deposit accounts) with the Bank during the campaign period. Customers will not be eligible for rewards if their total ADB is lower than the previous month, even if they grew their UpSave and/or GSave accounts.
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 are not 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.
For newly opened accounts, average daily balance (ADB) will be computed from the account open date and divided by the total number of days from account open date in the qualifying month. Otherwise, the 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 the Total ADB, customers must add all the ADB of their UpSave and GSave account.
BASE INTEREST RATE (NO ADB CAP)
Customers must have at least one active and unblocked UpSave and/or GSave account during the Campaign Period.
Customers will earn the regular base interest rate of 2.60% p.a. for GSave and 2.50% p.a. for UpSave, with no ADB cap.
Customers classified under the CIMB Prime or CIMB Biz segment will earn a base interest rate of 4.00% p.a. as part of their segment proposition, applicable to their eligible GSave and/or UpSave account balances, with no ADB cap.
The base interest rates indicated above are inclusive of any applicable rewards from other ongoing promos or campaigns during the Campaign Period, if any.
Promo A: EARN ADDITIONAL 0.50% P.A. INTEREST RATE – GROW ADB BY AT LEAST PHP 1,000.00 (UP TO PHP100,000.00)
Customer must increase the ADB of his/her UpSave and/or GSave account/s by at least One Thousand Pesos (PHP 1,000.00) within the Campaign Period compared to the previous month’s Total ADB of his/her respective UpSave and/or GSave account/s.
The additional 0.50% p.a. interest rate will only be applied to Customer’s first PHP100,000.00 ADB growth of his/her UpSave and/or GSave account/s. This additional interest rate is inclusive of applicable rewards from other promos and campaigns during the Campaign Period, if any.
Promo B: EARN ADDITIONAL 1.00% P.A. INTEREST RATE – GROW ADB BY AT LEAST PHP 5,000.00 (UP TO PHP100,000.00)
Customer must increase the ADB of his/her UpSave and/or GSave account/s by at least Five Thousand Pesos (PHP 5,000.00) within the Campaign Period compared to the previous month’s ADB of his/her respective UpSave and/or GSave account/s.
The additional 1.00% p.a. interest rate will only be applied to Customer’s first PHP100,000.00 ADB growth of his/her UpSave and/or GSave account/s compared to the previous month’s ADB. This additional interest rate is inclusive of applicable rewards from other promos and campaigns during the Campaign Period, if any.
Promo C: EARN ADDITIONAL 1.50% P.A. INTEREST RATE – GROW ADB BY AT LEAST PHP 10,000.00 (UP TO PHP100,000.00)
a. Customer must increase the ADB of his/her UpSave, and/or GSave account/s by at least Ten Thousand Pesos (PHP 10,000.00) within the Campaign Period compared to the previous month’s ADB of his/her respective UpSave and/or GSave account/s.
The additional 1.50% p.a. interest rate will only be applied to Customer’s first PHP100,000.00 ADB growth of his/her UpSave and/or GSave account/s compared to the previous month’s ADB. This additional interest rate is inclusive of applicable rewards from other promos and campaigns during the Campaign Period, if any.
Promo D: EARN ADDITIONAL 3.00% P.A. INTEREST RATE – GROW ADB BY AT LEAST PHP 50,000.00 (UP TO PHP100,000.00)
Customer must increase the ADB of his/her UpSave and/or GSave account/s by at least Fifty Thousand Pesos (PHP 50,000.00) within the Campaign Period compared to the previous month’s ADB of his/her respective UpSave and/or GSave account/s.
The additional 3.00% p.a. interest rate will only be applied to Customer’s first PHP100,000.00 ADB growth of his/her UpSave and/or GSave account/s compared to the previous month’s ADB. This additional interest rate is inclusive of applicable rewards from other promos and campaigns during the Campaign Period, if any.
ADB growth within the Campaign Period must be performed via Customer-initiated cash-in transactions via InstaPay, PESONet, DragonPay, GCash, Remittance, and/or over-the-counter bank transfers. Fund transfers within the Bank accounts of the Customer or among CIMB Bank PH bank accounts are not considered and shall not qualify under this Campaign.
Only successful Customer-initiated cash-in transactions made within the Campaign Period will be considered. Any delays in cash-in posting of funds shall not be counted, regardless of the cause of delay.
For Customers who have multiple UpSave and GSave accounts with CIMB Bank PH, the applicable interest rate reward will be computed based on the ADB growth of all his/her UpSave and GSave accounts during the Campaign Period. To calculate the ADB growth:
For existing accounts, a Customer must sum all his/her balances at the end of each day of the Campaign Period and divide by the total number of days of the Campaign Period.
For newly opened accounts, the ADB will be computed from the day the account was opened (the “Account Opening Date”). Starting from the Account Opening Date, a Customer must sum all his/her balances at the end of each day and divide by the total number of days from Account Opening Date to the end of day of the Campaign Period.
To calculate the total ADB, a Customer must add all the ADB’s of their UpSave and GSave accounts within the Campaign Period.
To calculate the total ADB for purposes of determining eligibility under the Deposit Account Total ADB Growth Requirement, a Customer must add the ADBs of all his/her deposit accounts with CIMB Bank PH during the Campaign Period, including but not limited to UpSave, GSave, Fast Plus, LazSave, time deposit accounts, and any other deposit products that may be introduced during the Campaign Period.
All the above mechanics and additional interest rewards are inclusive of other interest rate campaigns.
Frequently Asked Questions
For sample computations, kindly refer to CIMB Bank PH website under ‘Latest Promotions’
The reward will be credited into the customer’s GSave Account within fourteen (14) business days after the qualifying month.
