CIMB has just recently released the details of their 2nd promo which started on May 1st and will run until June 30, 2023. If the first promo was intended for existing CIMB users, this time it’s geared toward new users.
What’s the promo?
The promo for new customers is a 12% p.a. introductory rate.
Yep, you heard it right. New users who open their first CIMB savings account (GSave or UpSave) during the campaign period will get a juicy 12% p.a. interest rate on their balance for their first 2 months.
Examples:
- A user who opens a Savings account in May will get the introductory rate for their balance in May and June
- Those who open their GSave or UpSave account in June will get the 12% p.a. interest rate for the months of June and July
Additional promo details
- The 12% p.a. interest rate is applicable only to the first 200K deposit. In excess of the amount, the base interest of 2.6% for GSave and 2.5% for UpSave accounts will be applied.
- Customers with previously closed accounts with CIMB are qualified for this promo
Blogger’s Note
Although gets ko naman kung bakit mas maganda ang offer nila sa bagong customers, it would have been great if they switched the promos. With other high-yield savings accounts offering a great deal for existing customers, they might want to focus on customer retention. But that’s just me. Di naman natin alam ang actual numbers or data na meron sila.
Let’s wait and see what the 3rd promo will be. I’ll post it here as soon as it’s available and have enough time to do so.