The more you use Maya to pay, the higher the interest rate you can get!
Keep boosting your Maya Savings up to 10% p.a. from June 5 to August 31, 2023.
Click here to learn more
*Anything beyond Php100,000 earns 4% interest p.a.
*any balance in excess of Php 5,000,000.00 will not get any interest
If a Maya Savings accountholder who just opened a Savings account did not complete any of the transactions above on the Maya Wallet, he/she will still be enjoying a 4% interest rate p.a. on his/her Maya Savings account.
But if the user just recently opened Maya Savings and transacted a total accumulate spend of Php250 within the month he opened a Savings account, he will get a total of 5% p.a. until March 31, 2023. If the same user transacted again and spent an accumulate of Php30,000 on April 1, he will get a total of 10% p.a. until April 30, 2023.
Example: User made the following transactions within the same month (i.e. March 7 to 31, 2023)
1st qualified transaction on March 7 = Php250 = user qualifies for a total of 5% p.a. (+1% p.a.) from March 7 to 31, 2023
2nd qualified transaction on March 8 = Php750 = user qualifies for a total of 6% p.a. (+1% p.a.) from March 8 to 31, 2023
3rd qualified transaction on March 10 = Php19,000 = user qualifies for a total of 8% p.a. (+2% p.a.) from March 10 to 31, 2023
4th qualified transaction on March 11 = Php10,000 = user qualifies for a total of 10% p.a. (+2% p.a.) from March 11 to 31, 2023
Total / accumulate spend transactions within March 7 to 31, 2023 = Php30,000
Any amount transacted within March 7 to 31, 2023, will fall under the Month 1 accumulate spend
Any amount transacted within April 1 to 30, 2023, will fall under the Month 2 accumulate spend
Any amount transacted within May 1-31, 2023, will fall under the Month 3 accumulate spend
Please see below sample scenario:
Note: Make sure your app is updated to the latest version so you can track your boosted interest. You can check your Missions anytime to see your progress. For some users, you won't immediately see your Savings interest screen but your bonus interest will still be credited to your account every day after making a qualified transaction.
Interest Rate |
New & Existing Depositors |
Reflected As |
|
0 |
Base Rate |
4% p.a. |
1. Base interest 2. Tax withheld |
1 |
Bonus Interest Rate from Php250 accumulate spend |
1% |
1. Bonus interest 2. Tax withheld |
2 |
Bonus Interest Rate from Php1,000 accumulate spend |
1% |
|
3 |
Bonus Interest Rate from Php20,000 accumulate spend |
2% |
|
4 |
Bonus Interest Rate from Php30,000 accumulate spend |
2% |
DTI Fair Trade Permit No. FTEB-161325 Series of 2023
Deposits are insured by PDIC up to P500,000 per depositor. Maya Bank, Inc. is regulated by the Bangko Sentral ng Pilipinas. Learn more at www.bsp.gov.ph
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About Maya
Maya is the only end-to-end digital payments ecosystem enabler in the Philippines with platforms and services that cut across consumers, merchants, communities, and government. Through its enterprise business, it is the largest digital payments processor for key industries in the country including "everyday" merchants such as the largest retail, food, gas, and eCommerce merchants, as well as government agencies and units.
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Maya is powered by the country's only end-to-end digital payments company Maya Philippines, Inc. and Maya Bank, Inc. for digital banking services. Maya Philippines, Inc. and Maya Bank, Inc. are regulated by the Bangko Sentral ng Pilipinas.
www.bsp.gov.ph