Since it was founded in the year 2000, Maya has remained a trailblazer in the digital payment space in the Philippines, championing financial inclusion for millions of Filipinos. As one of the pioneers in the country’s digital finance landscape, it introduced services that have since become indispensable in daily life.
Today, Maya continues to set the standard for seamless and convenient cashless transactions. In recent years, it has evolved to become a true digital bank, becoming more than just a digital wallet. Today, its signature Maya Savings product may be the best savings account in the Philippines, thanks to its high interest rates and cutting-edge features. Maya also offers a selection of other banking products that outdo most of the competition in convenience and wealth-growing potential.
What Do You Get When Banking with Maya?
You get more than just a high-interest savings account when you bank with Maya. You get access to time deposits, goal-based savings accounts, and even a path to future investments. Whether you’re already a Maya Wallet user or just want to expand your financial potential, here are six key services and features that prove Maya is indeed a full-featured bank:
1. A High-Yield Savings Account
Maya Savings offers some of the most competitive rates in the Philippine market, with a base interest rate of 3.5% per annum that you can boost up to 15% interest p.a. by actively using Maya solutions for transactions like bills payments, buying load, and completing online purchases. This high-yield savings account lets you grow your money faster than you can with most traditional savings accounts. Protect your hard-earned funds from yearly inflation and make Maya your first choice when choosing a savings bank.
2. Personalized Goal-Based Savings
Do you find it hard to save up? Maya has you covered. Once you have a Maya Savings account, you get access to the Maya Personal Goals feature. Maya Personal Goals lets you create up to five goal-specific accounts, with each earning a steady 4% interest p.a. This goal-oriented approach makes saving fun and engaging, encouraging you to save up for the better things in life like travel, gadgets, and more.
3. Time Deposit Plus for Structured Savings
If you want to lock in your savings for a set period for even higher yields, then you’ll be happy to know that Maya also offers Time Deposit Plus. Not only does this product provide flexible terms of 3, 6, or 12 months, but it also outdoes most traditional time deposit products in its interest rates, which are 5.25%, 5.75%, and 5.50% for each term, respectively. You can also open multiple time deposit accounts for different purposes, giving you a potent, secure tool for growing your funds.
4. Free or Low-Cost Fund Transfers
Maya puts a number of small but welcome touches on its products and services. For instance, if you receive or send remittances frequently, you’ll be glad to know that Maya Savings lets you make free transfers to other Maya accounts and to other bank accounts via PESONet, while Instapay transfers will require just a small fee. This feature adds convenience and also reduces transaction costs, supporting you more fully in growing your finances.
5. Reliability and Security Beyond What’s Expected of Traditional Banks
You can rest assured that funds entrusted to Maya are always kept safe and secure. Like other mainstream banks, Maya is licensed by the Bangko Sentral ng Pilipinas (BSP) and insured by the Philippine Deposit Insurance Corporation (PDIC) for deposits up to PHP 500,000, protecting your money against the risk of bank closure. Aside from this, Maya also provides robust protection against security threats by employing cutting-edge cybersecurity and fraud detection technologies, as well as a dedicated team of security experts.
6. Investment Options Beyond Savings
Your financial journey does not have to stop at savings. As a true digital bank, Maya also provides access to diverse investment products, including cryptocurrencies, stocks, and a variety of funds. This gives you a unique opportunity to explore multiple avenues for growing your personal wealth, right from your phone. This makes Maya a truly versatile platform that lets you diversify your finances beyond what’s possible with digital wallets or traditional bank accounts.
Empower Your Financial Journey with Maya
Maya’s ongoing evolution has made it more than just an e-wallet or credit card alternative. Today, it is a leading digital bank and among the most respected financial institutions in the country. Its growing base of banking customers showcases Maya’s commitment to delivering personal finance solutions that make sense for today’s Filipino savers. With its ease of access, flexible savings products, and competitive interest rates, Maya is moving the country closer to the goal of complete financial inclusion.
If you’re not yet a Maya user, all you need is a phone and a valid ID to get started on your digital banking journey. If you already have a Maya Wallet, upgrade your account today to get easy access to your own Maya Savings account.
