CIMB Bank Philippines, recognized by Forbes as the Best Bank in the Philippines, continues to enhance its innovative offerings by introducing the new MaxSave Time Deposit product. With the market’s highest interest rate of up to 7.5% per annum and flexible tenure options, CIMB savings account holders now have an additional financial tool to save for their life’s milestones.
Vijay Manoharan, CIMB Bank PH CEO, expressed the bank’s commitment to disrupting traditional banking through a digital and embedded banking business model. He stated, “With MaxSave Time Deposit, your hard-earned money can work even harder for you, maximizing returns on your savings and enabling you to be ready for the future.”
MaxSave is a time deposit account with flexible tenure options, offering terms of 6, 12, or 24 months. Featuring high interest rates ranging from 6.5% to 7.5% per annum, MaxSave allows individuals to safeguard funds they don’t intend to spend immediately while continuing to grow their savings for future long-term goals.
MaxSave Time Deposit provides an opportunity to maximize savings with the country’s highest interest rates, making it an ideal choice for individuals gearing up for significant purchases or gradually preparing for their future. This next-generation deposit product not only offers higher interest rates compared to regular savings accounts but also ensures the security of funds with high returns, PDIC insurance up to PHP 500,000 per customer included.
Opening a MaxSave Time Deposit is a quick process, taking less than five minutes with an active and fully verified CIMB Bank PH deposit account. Through the CIMB mobile banking app, customers can select MaxSave Time Deposit, accept terms and conditions, choose deposit amount and time period, enter their MPIN, and complete the process seamlessly.
This product aligns with CIMB Bank PH’s mission as a pioneer in digital banking product services, aiming to promote financial inclusion through innovative and convenient banking solutions for Filipinos.
For more information about MaxSave Time Deposit, visit cimbbank.com.ph/maxsave.
