CIMB Bank "Thank You Blowout Promo" Offers 12% Interest Rate

CIMB Bank has launched the “Super Thank You Blowout Promo,” allowing UpSave and GSave account holders to earn interest rates of up to 12% on their incremental average daily balance (ADB) growth.
The promo, running from July 1 to 31, 2023, has no cap on ADB growth and includes the regular base rate and other applicable promos.
Eligibility requires active and unblocked GSave and/or UpSave accounts, with the additional interest rate credited within fourteen business days after the promo period. Newly opened accounts have ADB computed from the account open date.

Malaysia-based bank CIMB, a commercial bank supervised by the Bangko Sentral ng Pilipinas (BSP), launched a “Super Thank You Blowout Promo” in which customers of UpSave and GSave accounts are eligible to earn interest rates of up to 12% of their incremental average daily balance (ADB) growth. This campaign will be running from July 1 to 31, 2023.

Super Thank You Blowout Promo

“Hindi pa tapos ang aming pasasalamat for making us #1! Here’s an even bigger and better way to save,” CIMB posted on Facebook.

As per the announcement, this promotion has no cap on ADB growth and includes the regular base rate and other applicable promos.

Additionally, customers can maintain their balance and earn 6% p.a. interest rate on the first PHP 200,000 of their Total ADB. The regular base rates of 2.5% p.a. for UpSave and 2.6% p.a. for GSave accounts will be credited every first day of the month.

Who is eligible?

Existing customers as of May 31, 2023, who increase their total Average Daily Balance (ADB) in July compared to June 2023, can enjoy a 12% p.a. interest rate on their ADB growth.

To qualify for the rewards, customers must have at least one active and unblocked GSave and/or UpSave account. The additional interest rate will be credited to eligible customers’ respective accounts within fourteen business days after the promo period, provided their accounts remain unblocked and open.

Newly opened accounts will have the ADB computed from the account open date, divided by the total number of days in the qualifying month. Total ADB is calculated by adding the ADB of UpSave and GSave accounts in a month.

Recent CIMB News

Last month, CIMB announced that GCredit, the revolving credit line feature within the GCash app, has achieved a significant milestone of surpassing two million customers as of April 2023.

This article is published on BitPinas: CIMB Bank “Thank You Blowout Promo” Offers 12% Interest Rate

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