Get as much as 8% p.a. in cash credits when you save up to PHP500,000 on your Maybank iSave Account!

    Maybank iSave Cash Credit Promo Mechanics

     

    1. The Maybank iSave Cash Credit Promo (“Promo”) will run from June 01, 2023 to July 31, 2023 (“Promo Period”).
    1. The Promo is open to qualified Maybank iSave accountholders who have an active account during the promo and qualifying period and has increased their balance from June 01 to July 31, 2023.
    1. Maybank will compute the final qualifying incremental ADB (“Incremental ADB”) of existing customers by subtracting the July 31, 2023 ADB from the Baseline ADB (For existing customers, Baseline ADB will be ADB as of May 31, 2023). 
    1. Incremental ADB of new customers who opened an iSave account within the Promo Period will be computed by subtracting the July 31, 2023 ADB, computed over the Promo Period, from the Baseline ADB (For new customers, Baseline ADB is PHP 0).
    1. The qualified accountholder will be awarded by Maybank with a one-time cash credit equivalent applied to the incremental ADB of the accountholder as reflected in Table 1 below.

     

    Table 1: Cash Credit per ADB

    Incremental ADB*
    (in PHP)
    Cash Credit
    (Rate p.a. to be multiplied to Qualifying Incremental ADB)
    0 to 500,000 8% p.a.
    >500,000 Not qualified for Promo Cash Credits but will earn regular 0.25% Deposit Rate p.a.

     

    *ADB is computed as the sum of the account’s daily ending balances divided by the number of days of the month or Qualifying Period:

     

    Sum of daily ending balances / Number of Days of the Month or Qualifying Period

     

    Example of ADB Computation:

    DAYS

    DAILY ENDING BALANCE

    Day 1

    20,000

    Day 2

    10,000

    Day 3

    15,000

    Day 4

    20,000

    Day 5

    25,000

    TOTAL

    90,000

     

    Period (in Days)

    5

    Final ADB (Total/Period)

                               18,000.00

     

    Notes:

    • Month to Date (MTD) ADB is computed based on ledger balance.
    • For newly opened accounts, MTD ADB is the sum of daily ledger balance from account opening date until the end of the month divided by the number of days from opening date.

      

    1. The cash credit will be computed by multiplying the Incremental ADB of the accountholder by the corresponding cash credit rate per annum (p.a.) of the Promo (i.e. 8%) following the computation in Table 2 below. Any balance more than PHP500,000 will not earn Promo cash credits.

    Table 2: Sample Cash Credit Computation 

     

     

      

    1. The cash credit will be awarded within fifteen (15) banking days after the Qualifying Period.
    1. The cash credit will be credited only to the Maybank iSave account of the accountholder. In the event of account closure on the crediting date, the cash credit will be forfeited.
    1. The qualified accountholder will receive an SMS after the cash credit has been successfully credited to his or her Maybank iSave account.
    1. Maybank reserves the right at its sole discretion to disqualify any accountholder that it determines to be tampering with the account opening process, or to be acting in breach or potential breach of the Promo Mechanics.
    1. In case of dispute in respect to accountholder’s eligibility, Maybank’s decision shall prevail. All questions or disputes regarding the accountholder’s eligibility for the Promo or for any redemption shall be resolved by Maybank at its discretion with concurrence with DTI.
    1. All Maybank iSave account opening shall be subject to further verification and approval following Maybank’s processes, Product Terms and Conditions, and Deposit Contract.
    1. Maybank reserves the right, upon prior notice to qualified accountholders to amend, shorten, cancel, or discontinue the Promo. For the avoidance of doubt, any amendment, shortening, cancellation, or discontinuance of this Promo shall not entitle any of the Accountholders to any claim or compensation against Maybank for any losses or damages suffered or incurred as a direct or indirect result of the act of amendment, shortening, cancellation, or discontinuance of this Promo.
    1. For additional inquiries, customers may call our Customer Care Hotline at (02) 8588-3888.

     

    Per DTI Fair Trade Permit No. FTEB-168715 Series of 2023.

    Maybank Philippines, Inc. is regulated by the Bangko Sentral ng Pilipinas | https://www.bsp.gov.ph

     
    • A proud member of: BancNet
    • Maybank Philippines Inc., is regulated by the Bangko Sentral ng Pilipinas (BSP). For inquiries or complaints, you may contact Maybank Customer Service hotline at (02) 8588 3888 or our toll-free number 1800 10 588 3888. Alternatively, you may also send an email to mpi.customerservice@maybank.com. You may also contact BSP at (02) 8708 7087 or consumeraffairs@bsp.gov.ph.

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