Maya, the Philippines’ #1 Digital Bank App, introduces Maya Time Deposit Plus, a game-changing savings product with high returns and unparalleled flexibility, suitable for steadily accumulating savings or effectively managing current funds.
Maya Time Deposit Product
Starting January 5, users may revolutionize their savings approach by creating Maya Time Deposit Plus accounts. Users may now choose a savings goal, begin with any amount, and choose a period that corresponds to their financial goals. This level of flexibility is unprecedented in traditional time deposits.
This innovative approach enables customers to slowly increase their savings while earning attractive incentives of up to 6% p.a. Customers can create up to five Time Deposit Plus accounts, each with a maximum amount of PHP 1 million, and have interest credited monthly straight into their accounts.
Maya Time Deposit Plus, unlike anything else on the market, empowers users to set a target amount and strategically accumulate savings to reach it. It’s intended for everyone, whether you’re starting with a large sum or gradually growing your money.
Customers can choose between three months at 5.50% p.a., 6 months at 6.00%, and 12 months at 5.75%. Maya Time Deposit Plus permits quick cancellations, providing fast access to the cash anytime required.
Transferring funds to the Maya Time Deposit Plus account is simple and free, either through the Maya Wallet or through other channels such as InstaPay or PESONet.
Maya presents an innovative motivational feature where users may earn badges, a first in the industry. These badges serve as visual milestones that measure and encourage success in the Time Deposit Plus journey, adding a degree of engagement to the saving experience.
“Maya is dedicated to improving the financial well-being of Filipinos. Our all-in-one digital bank app simplifies wealth-building, making it more effortless and rewarding. The Maya Time Deposit Plus represents our latest innovation to make financial growth widely accessible and empowering for all,” stated Shailesh Baidwan, Maya Group President.
Time Deposit Plus is part of a larger ecosystem that promotes wealth growth. As users earn money, they may reinvest it in other financial services like Maya Funds, Stocks, and Crypto or use it to make daily purchases—all through the Maya app.
Moreover, regular app interactions improve users’ financial profiles, perhaps opening the door to further borrowing opportunities.
Maya is regulated by the Bangko Sentral ng Pilipinas, and its Time Deposit Plus offers a safe and trustworthy way to save, backed up by sophisticated security standards and insured up to PHP500,000 by the Philippine Deposit Insurance Corporation (PDIC).
Are you ready to transform your savings? Maya is the Philippines’ leading Fintech Ecosystem, including Maya, the #1 Digital Bank, and Maya Business, the #1 Omni-Channel Payment Processor. Visit maya.ph and mayabank.ph for additional details. Follow @mayaiseverything on Facebook, Instagram, YouTube, and TikTok to stay up to current with Maya.