GCash & CIMB Bank Now Offer Highest Interest Rate at 8% p.a. via GSave

GCash and CIMB Bank are now offering up to 8% interest rate per annum via GSave until January 31, 2023!

The offer, which is currently the highest interest rate available in the market, will be available for existing customers of the bank who opened their accounts for more than 60 calendar days at the start of the qualifying month. It will be applicable to the difference in total average daily balance (ADB) from the previous month.

GCash, CIMB offer highest interest rate in the market

The promo is also inclusive of other promo and base rates for ADB growth including the 2.6% p.a. for GSave accounts. This is also inclusive of the 4% p.a. promo rate applicable to the first P200,000 ADB. Any incremental ADB growth will receive 8% p.a. wherein the total reward given to a customer will be equivalent to 8% p.a.

To calculate their ADB, customers need to get the total of their daily balance at the end of each day for the qualifying month and divide them by the total number of days in the qualifying month.

For customers who have multiple deposit accounts with CIMB Bank, the interest rate reward will be computed based on the qualifying month’s Total ADB for GSave accounts.

With CIMB on GSave, GCash provides Filipinos, especially the unbanked and underserved, with the opportunity to open a savings account that requires no initial deposit, maintaining balance, or lock-in period.

To start their journey towards their financial goals via GSave, users simply need to:

1. Log in to their GCash account
2. Tap GSave by CIMB Bank which can be found in the GSave Hub section
3. Click “Open a Savings Account“
4. On the Save Money Registration page, tick the box under CIMB Bank Policies to agree to the Terms and Conditions
5. Tap Open a Savings Account
6. Tap “OK” after the confirmation message has been displayed.

GCash has a similar promo in 2022 actually. so the Lucky 8% continues!

With over 71 million registered users, GCash continues to give more Filipinos an opportunity to grow their finances and build a better future for themselves and their loved ones, in line with its clear vision of “finance for all”.

Explore the best of life and style, from Blogger Manila through email subscription here. Like our Facebook Page, Twitter @BloggerManila, and on Instagram.

Know more about GCash, GSave, and CIMB Bank on the website www.gcash.com