GCash and CIMB Bank offer up to 7% p.a. interest with GSave

 

To help Filipinos grow their finances and achieve their #IponGoals, GCash, the leading mobile wallet in the country, and CIMB Bank, the country’s leading digital banking services provider, are offering as much as 7% per annum on GSave. Currently the highest interest rate available in the market, the offer is available to GCash users who will sign up for their first GSave account from April 1, 2022 to June 30, 2022.

The GSave feature has been live in the GCash app since December 2018 in partnership with CIMB Bank. It has been providing unbanked Filipinos with the opportunity to open a savings account that requires no initial deposit, maintaining balance, or lock-in period.

GCash powers up Filipinos’ finances with new money lending options

Technology has been developing by leaps and bounds to offer convenient solutions for users. In the financial technology (fintech) space, one of the recent developments is GGives, a “Buy Now, Pay Later” option recently introduced by GCash, the no.1 e-wallet app in the Philippines. This feature allows e-wallet users to buy big-ticket items and pay for them in easy ‘gives’ or installments.

GGives is the newest feature on the GCash app where users can shop from their favorite brands, treat themselves or buy gifts for their loved ones, and pay for them later through twice-monthly payments. With GGives, Filipinos can upgrade their lifestyle while managing their expenses as it allows qualified users to pay for big-ticket items valued up to PHP30,000 in up to 24 installments or ‘gives’ for as long as 12 months.