Malaysian lender CIMB is celebrating its fifth year of operations in the Philippines with a hefty interest rate offer for depositors.
CIMB Philippines said clients could enjoy a maximum interest rate of 15% on their deposits beginning November.
The base rate is 5% per annum, but transactions using one’s GSave and UpSave accounts will be rewarded by interest rate boosts.
Increasing one’s average daily balance will reward a customer with an additional 1% interest rate, while payments using the virtual CIMB debit card as well as bills payments will reward another rate boost.
CIMB said 15% is their highest interest rate ever. Time to open an account?
