Maya, the top-ranking Digital Bank App in the Philippines, has introduced Maya Time Deposit Plus, an innovative savings product that redefines conventional approaches by offering exceptional returns and unparalleled flexibility. This product caters to those looking to steadily build savings or effectively manage their existing funds.
Effective from January 5, users can revolutionize their savings strategy by initiating Maya Time Deposit Plus accounts. They now have the ability to establish a savings goal, start with any amount, and opt for a term that best suits their financial objectives. This level of flexibility sets a new standard compared to traditional time deposits.
This pioneering approach enables users to progressively grow their savings while enjoying enticing rewards, with interest rates reaching up to 6% p.a. Customers can open up to five Time Deposit Plus accounts, each with a maximum balance of PHP1 million. Interest is conveniently credited monthly directly into their accounts.
Maya Time Deposit Plus stands out in the market by empowering users to set a target amount and methodically accumulate savings to reach it. It’s designed to accommodate everyone, whether they’re starting with a substantial sum or steadily growing their savings over time.
Customers have the flexibility to choose from different term options that align with their financial plans: three months at 5.50% p.a., six months at 6.00%, or 12 months at 5.75%. Additionally, this product allows for instant cancellations, providing immediate access to funds when required.
Seamless fund transfers to the Maya Time Deposit Plus account can be made directly from the Maya Wallet for free or via other channels like InstaPay or PESONet.
Maya introduces an innovative motivational tool with the introduction of badges, a first in the industry. These badges act as visual milestones, tracking and encouraging progress in the Time Deposit Plus journey, enhancing engagement in the saving experience.
Shailesh Baidwan, Maya Group President, highlighted, “Maya is committed to enhancing the financial well-being of Filipinos. Our all-in-one digital bank app streamlines wealth-building, making it more effortless and rewarding. The Maya Time Deposit Plus reflects our latest innovation to make financial growth widely accessible and empowering for all.”
Beyond savings, Time Deposit Plus integrates into a broader ecosystem aimed at fostering wealth growth. As users accumulate earnings, they can reinvest in various financial services available through the all-in-one Maya app, including Maya Funds, Stocks, and Crypto, or facilitate daily transactions.
Furthermore, regular interactions with the app contribute to enhancing users’ financial profiles, potentially opening doors to additional borrowing opportunities.
Maya, supervised by the Bangko Sentral ng Pilipinas, ensures a secure and reliable option for savings through its Time Deposit Plus. It is fortified by comprehensive security protocols and insured up to PHP500,000 by the Philippine Deposit Insurance Corporation (PDIC).
Ready to transform your savings? Maya stands as the #1 Fintech Ecosystem in the Philippines, encompassing Maya, the #1 Digital Bank, and Maya Business, the #1 Omni-Channel Payment Processor. For further information about Maya, visit maya.ph and mayabank.ph. Stay updated on Maya by following @mayaiseverything on Facebook, Instagram, YouTube, and TikTok.
