At Maya, digital banking is about so much more than just convenience. It’s about giving ordinary Filipinos the tools they need to grow their wealth and build fulfilled lives. Maya Savings was innovated with that idea in mind, offering account holders powerful tools for securing their financial futures.
With a Maya Savings bank account, you have a high-performing banking product that effortlessly grows your wealth. However, you may not realize that it also comes with several features that greatly expand its flexibility. Here are a few things you can do with your Maya Savings account that will positively impact your wealth-building journey:
1. Earn More Than at Other Banks
Maya Savings offers interest rates beginning at 3.5% all the way to 15% per annum, credited daily. This makes Maya Savings the best savings account Philippines-based depositors have for growing their wealth. With Maya’s interest rates, you can grow your savings more effectively compared to traditional savings accounts earning less than 1% p.a..
2. Boost Your Interest Rate Up to 15%
In a consumer savings market where interest rates barely exceed inflation, Maya’s 15% boosted interest rate offers an astounding path to building real spending power. To qualify, simply use Maya for all of your transactions, including paying bills, topping up mobile phone load, and using Maya Wallet or Maya Easy Credit for online, QR Ph, card payments. Each type of transaction and the total amount you spend can influence how much your interest rate is boosted. The 15% per annum bonus interest applies to deposits up to PHP 100,000, offering a substantial incentive to integrate Maya into your day-to-day finances.
3. Daily Interest Crediting
Maya is not just a high-interest savings bank. It also makes it easy for you to immediately enjoy the interest that you earn. Unlike other savings accounts which credit interest on a monthly or quarterly basis, Maya Savings goes the extra mile and credits your earned interest daily. This means your funds can immediately benefit from the power of compound interest, with additional earnings added to your account balance each day.
4. Open an Account with No Minimum Balance Requirements
Unlike other banks, Maya lets you start your Maya Savings account with any amount. Since no minimum balance is required, you can begin your journey to financial security regardless of your current situation. Whether you’re a new saver or have already established your savings habits, this flexibility makes it possible to keep growing your wealth, wherever you are in life.
5. Move Funds with Ease
The Maya app is designed so that anyone can easily manage their Maya Savings account. Though other banks might charge you high fees for moving funds between your banking accounts, Maya takes another barrier out of your path to building wealth by enabling FREE deposits to your Maya Savings account from your Maya Wallet. You can also deposit funds to your Maya Savings account from other bank accounts and e-wallets via PESONet and InstaPay, but take note that a fee may be charged depending on the source bank. Aside from deposits, you can also transfer funds to your own Maya Wallet and to your friends’ Maya Savings accounts easily and for FREE. Furthermore, you can also transfer funds to other bank accounts and e-wallets for free via PESONet, while fund transfers via InstaPay has a minumum charge.
6. Set Actionable Savings Goals
Though building wealth should be your priority, you shouldn’t forget to enjoy the fruits of your hard work. Treating yourself now and then can help you stay committed to your long-term savings goals and give you more reasons to keep saving.
By opening a Maya Savings account, you’ll also have access to a tool called Maya Personal Goals, which offers a better, more sensible way to save up for the finer things in life. You can easily set up transfers to your Personal Goals from your Maya Savings account, Maya Wallet, or other bank accounts. Once a Personal Goal has been set up, you can effortlessly manage it through your Savings dashboard.
7. Manage Time Deposits
Once you’ve opened a Maya Savings account, you can also create up to 5 active Time Deposit Plus accounts to earn even more interest on your funds. All Time Deposit Plus accounts begin with a guaranteed 3.5% p.a. interest rate that ramps up to 6% p.a. interest monthly depending on your chosen tenor and when you reach your target amount and date.
8. Enjoy Safe Online Banking
Maya Savings is regulated by the Bangko Sentral ng Pilipinas and depositors are insured by the Philippine Deposit Insurance Corporation up to PHP 500,000 per depositor. This ensures that your hard-earned money is protected even in the unlikely event of a financial mishap. Indeed, with Maya, you can rest assured that your savings are in good hands.
9. Access 24/7 Help and Support
If you have questions about your Maya Savings account, Maya offers comprehensive, round-the-clock support through phone and email, as well as extensive online help resources. Whether you need assistance with starting a Maya Savings account, understanding interest calculations, or managing your account, Maya is ready to provide guidance every step of the way.
Do More with Your Maya Savings Account
Making use of these clever features allows you to meet your financial goals faster than you ever imagined. When considering Maya Savings’ 3.5% to 15% per annum interest rates, it is undoubtedly one of the best deals in the Philippine consumer finance market. Open a Maya Savings account today to accelerate your journey to financial wellness.
