CIMB Bank Philippines offers 8.6% interest rate on deposits

CIMB Bank Philippines, a leading digital-only commercial bank, announced its latest “Earn More” promotion to help Filipinos securely grow their savings.

For the entire month of August, customers can earn an interest rate of 8.6 percent per annum (p.a.), the bank said.

The promotion requires customers to hold at least one active GSave or UpSave deposit account. Participants will continue to receive CIMB Bank PH’s standard base rates of 2.6 percent p.a. for GSave and 2.5 percent p.a. for UpSave.

Exclusive CIMB Biz and CIMB Prime customers, who are invited to join, can earn a base rate of 4.0 percent p.a., potentially reaching up to 10 percent p.a. through the promotion, the bank said.

CIMB said to qualify for the boosted rates, customers should increase their average daily balance (ADB) across all CIMB accounts in August relative to the previous month. Boosted rates are applicable to the first P100,000 of ADB growth.