iheartkapuso

The interest rate annually in GSave by CIMB is 2.6% with no minimum deposit and no maintaining balance. I am planning to save via CIMB Bank since it was synchronized to GCash and there is no maintaining balance as long as you have any amount in your GSave by CIMB account, you can start earning interest. Your account number can be found on either your GSave Marketplace Dashboard or GSave by CIMB Dashboard, below your total savings balance. Example Scenario: Month eligible for 8% p.a. NTB Promo: December onwards To calculate interest amount = (ADB x Incremental Interest Rate x Number of days in a month) / 360) x [1- Withholding Tax (20%)]. Sample computation eligible for 8% p.a. ADB: 10,000 Incremental Interest Rate: 5.4% p.a. (8% p.a. less base rate of 2.6% p.a.) Number of days in a month: 31 Net Interest Earn: (10,000 x 0.054 x 31) / 360 x 0.8 = Php 37.20 The additional interest earned will be credited to their respective GSave Account within fourteen (14) business days after each ...