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Maya Savings

Maya Savings Boost Interest Latest Update (February – March 2024)

Posted on February 1, 2024March 10, 2024 By Kuya Well No Comments on Maya Savings Boost Interest Latest Update (February – March 2024)
High-Yield Savings Accounts, Investment and Finance, Posts

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 Existing Users

As mentioned earlier, the promo was simply an extension of their ongoing boost interest promo since November 2023, but to refresh your memory, here’s the breakdown:

  • 3.5% base interest
  • +1.5% when you spend at least Php 250 on Airtime Load, Bills Payment, Pay via Maya Card/QR/Mobile Number, or Checkout with Maya
  • +1% when you spend a total of Php1000 using your Maya Card/QR/Mobile Number, or Checkout with Maya
  • +1% when you spend a total of Php3000 using your Maya Card/QR/Mobile Number, or Checkout with Maya
  • +2% when you have a total spend of 25K using your Maya Card/QR/Mobile Number, or Checkout with Maya
  • +2% if total spending reaches 35K using your Maya Card/QR/Mobile Number, or Checkout with Maya

So in total, that’s an 11% interest rate per annum.

Promo for New Users

Let’s first define what a New User is. New users are those who signed up between February 1 to 29.

Now here’s the promo:

  • 3.5% base interest
  • + 8.5% bonus interest when you spend at least Php 500 on Airtime Load, Bills Payment, Pay via Maya Card/QR/Mobile Number, or Checkout with Maya

As you can see, you immediately jump to a 12% interest rate per annum by just spending 500 pesos.

Additional Boost for Both Users

  • +2% when you successfully refer a new user using your @username

Promo conditions

The boost interest will only be applied to your balance of Php 100K. Anything above 100K (up to 5 million) will only get a 3.5% interest rate. Whereas a balance beyond 5M will not get any interest at all.

How long does the promo last?

The current promo will run until February 29, 2024.

Update: Promo has been extended until March 31, 2024.

Related posts:

  1. Maya Savings Boost Interest Latest Update (November 2023)
  2. CIMB’s Interest Rate Latest Update (January 2024)
  3. CIMB MaxSave Time Deposit – Higher Interest Rates
  4. CIMB’s Interest Rate Latest Update (March 2024)

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