When Maya (formerly PayMaya) rebranded itself as a digital bank and wallet, it quickly became one of the most popular fintech apps in the Philippines. Many Filipinos now use Maya not just for payments, but also as a platform for savings and even investing. But the question is—how do you maximize Maya Funds so that your money doesn’t just sit there doing nothing?
In this article, let’s break down the best ways to grow and use your Maya Funds wisely.
1. Take Advantage of Maya Savings (High Interest)
Maya offers one of the highest interest rates among digital banks in the Philippines. At times, the base interest is around 4% per annum, but it can go higher (up to 10% promos in some cases) depending on your usage and promotions.
- How to maximize: Deposit a portion of your idle money into Maya Savings. Unlike traditional banks that give less than 1% interest, Maya lets your funds grow faster.
- Pro tip: Activate their missions and promos to unlock higher interest rates.
2. Use Maya Invest for Diversification
Maya has partnered with providers to offer access to mutual funds, ETFs, and global assets directly inside the app. You don’t need a huge starting capital—sometimes as low as ₱50 to ₱100 is enough.
- How to maximize: Instead of leaving all your cash in savings, allocate a portion to Maya Invest. This way, you spread your funds across savings (safe) and investments (growth).
- Pro tip: Stick to long-term investments like index funds for more stable growth.
3. Build an Emergency Fund Inside Maya
One of the simplest but most effective strategies is to use Maya Savings as your emergency fund account. Since it’s digital, you can access it anytime through withdrawals or transfers.
- How to maximize: Set a target of at least 3–6 months’ worth of expenses and keep it separate from your spending money.
- Pro tip: Use Maya Goals feature to label funds (e.g., “Emergency Fund,” “Travel Fund,” “Investment Fund”).
4. Automate Your Savings with Maya
Maya allows scheduled deposits or transfers to your savings and goals. If you always forget to save, automation ensures you’re consistently building wealth without overthinking it.
- How to maximize: Set up auto-debits every payday to move money from your Maya Wallet to your Savings or Goals.
- Pro tip: Start small (₱500–₱1,000 per payday) and increase as your income grows.
5. Use Maya for Cashless Transactions and Cashback
Spending through Maya (wallet, card, or QR) often gives you cashback rewards or contributes to unlocking higher savings interest rates.
- How to maximize: Instead of using cash or another wallet, funnel daily transactions through Maya. That way, you earn rewards while also boosting your savings tier.
- Pro tip: Always check the latest promos—Maya frequently runs cashback campaigns.
6. Keep Your Funds Safe with Maya Protect
Investments and savings are important, but so is protection. Maya offers insurance products inside the app, like life or health coverage.
- How to maximize: Get affordable insurance coverage (sometimes as low as ₱85/month). It secures your financial goals in case of emergencies.
- Pro tip: Start with small coverage and increase later once your budget allows.
Blogger’s Corner
Maya has transformed from being just a payment wallet into a full digital banking ecosystem. If you want your money to work harder, don’t just leave it in your main wallet balance. Use Maya Savings for interest, explore Maya Invest for growth, automate deposits for consistency, and take advantage of promos for extra perks.
As with any financial tool, the key is discipline—knowing when to save, when to invest, and when to spend. With Maya, everything is already in one app. All you need is to maximize it.