Kuya Well's personal finance corner
Starting March 1, 2024, the new interest rate is now pegged at 4% per annum from the previous 5%. Any other changes? Other than the change in the interest rate per annum, there are no other changes to GoTyme. They have retained their “no-cap” policy which means that no matter how much you deposit, you … Read More “GoTyme interest rate is no longer 5% per annum” »
As discussed in a previous post, CIMB recently introduced its MaxSave Time Deposit accounts where you can earn as much as 7.5% interest per annum. Steps to create a CIMB MaxSave Time Deposit account Step 1: Ensure that you have an existing savings account with CIMB You should have at least any of the following … Read More “How to create a CIMB MaxSave Time Deposit account” »
I’m sure you’re aware of both GSave and UPSave of CIMB. But did you know that they now offer time deposits as well? Yep, their high-interest time deposit account is called MaxSave. What is MaxSave? MaxSave is a CIMB’s time deposit account wherein your money gets locked in for a certain period to get a … Read More “CIMB MaxSave Time Deposit – Higher Interest Rates” »
Technically, Maya simply extended their boost interest promo that’s been going on since November 2023 but with a slight change. They’ve removed the 1% boost interest for being a Smart subscriber but increased the boost interest for referring new users. What’s the latest promo? Here’s the breakdown depending on the type of users: Promo for … Read More “Maya Savings Boost Interest Latest Update (February – March 2024)” »
I guess the holidays are over and so is the “high interest” promotion of CIMB last November-December 2023. At the moment, it appears that CIMB is simply matching the interest rate being offered by GoTyme. What’s the latest promo? The promo is simple: earn 5% interest p.a. for your average daily balance for January. NO … Read More “CIMB’s Interest Rate Latest Update (January 2024)” »
CIMB has made some major changes to its promo. It appears to be somehow following that of Maya wherein there are tasks that you need to perform to get additional 1-2% increments. What’s the latest promo? Before we go to the breakdown, let’s acknowledge the fact that the interest promo rate will be applied to … Read More “CIMB’s Interest Rate Latest Update (November 2023)” »
Maya has updated their boost interest promo where the changes benefit new users more. That said, existing users get an additional 1% increase in the interest rate from that of last month’s promo. What’s the latest promo? Here’s the breakdown depending on the type of users: Promo for Existing Users As mentioned earlier, the promo … Read More “Maya Savings Boost Interest Latest Update (November 2023)” »
For existing users, there’s not much of a change to Maya Savings’ boost interest promo compared to the one they offered last month (September) since this is simply an extension of their promo that started in August. As for new users, they’re given an additional 2% boost in interest. What’s the latest change? For existing … Read More “Maya Savings Boost Interest Latest Update (October 2023)” »
I’ve made several posts about high-yield digital savings accounts like Maya, CIMB, Seabank, and GoTyme. But which of these four is actually the best? So for today’s blog, let’s compare what they have to offer. Best in base interest rate per annum We’re talking about the actual base interest rate here and not including promos … Read More “Which one is the Best High-Yield Savings Account?” »
There’s no change to the interest rate promo of CIMB. The promo which was introduced last month has been extended until the 31st of October. But in case you missed the mechanics of the promo, I’ll give a brief recap of what it is. What’s the current promo? It’s a 2-part promo wherein: How long … Read More “CIMB’s Interest Rate Latest Update (October 2023)” »
