Saving money is not an easy task, especially when interest rates are so low. When you use the #1 digital bank in the Philippines, the Maya app, to pay for your essentials, you may earn up to 10% interest, whereas most traditional banks only provide interest rates of less than 1% p.a.
Maya is offering up to 10% interest on your savings
The base interest rate for all Maya Savings customers is 4% p.a. compared to regular banks, on balances up to PHP 5,000,000. By meeting the spending milestones on Maya, customers can increase their interest rate by up to 10% p.a. It’s as easy as using your Maya Card, number, or QR to purchase items, take care of your bills, as well as paying your wants and needs!
What’s even better? Maya credits your interest earnings to your account every day, so you may see your money increase every day.
If you want an easy step-by-step guide to saving and growing your money, here it is:
Get to 5%. Spend PHP 250 using the Maya app to get started and receive an extra +1% p.a. besides the 4% basic interest rate. The purchase of load and data packages is a great place to start. For example, you can receive a bonus of +1% p.a. when your total spending reaches PHP 250, and you pay with a QR code. on top of your 4% annual basic interest rate. totaling 5% annually.
Level up to 6%. With your current rate of 5% p.a. interest rate, you may still level up and gain an additional +1% p.a. bonus simply by spending a total of PHP 1,000 for a total of 6% p.a. Therefore, the next time you hurry to the convenience store, remember to pull out your phone and pay with your Maya app.
Jump to 8%. Do you want to increase the value of your money? Why not pay all of your bills with the Maya app? From credit cards to utility bills and more, you can settle everything in just a few taps, and if you spend more than PHP 20,000, you’ll get a +2% p.a. incentive. This brings the total to 8% p.a.
Boost by 10%. Add an extra +2% p.a. through an increase in spending of PHP 30,000. Consider this: you can use Maya to pay for your groceries, airfare, or sulit finds at that double-digit sale and feel good about it since you’re actually increasing your savings.
From March 7 until April 30, all Maya Savings customers may take advantage of this offer, which includes a raised rate of up to 10% p.a. and applies to deposits up to P100,000. Maya, on the other hand, will very certainly have another rewarding savings offer after this one expires.
Ergo, if you’re searching for a sign to start saving and investing in yourself, or to justify the occasional budol purchase, this is it!
Maya makes it simple to start a savings account with only one ID and no minimum amount. You may also feel certain that your money is protected. Maya is a BSP-licensed bank with PDIC-insured deposits. Moreover, Maya is the Philippines’ #1 Digital Banking App, with millions of clients enjoying its first-rate service.
Start your financial journey with Maya today and enjoy interest rates that can reach 10% annually. Click here to discover more.