While the Savings account of Maya Bank is a good way to grow your money with a base 3.5% p.a. interest, those looking for better opportunities to grow their money further can try out Time Deposit Plus.
What makes Maya Time Deposit Plus great is that you can earn as much as 5.75% p.a. interest (with a 6-month Time Deposit) as long as you meet your target amount. The minimum target amount is Php 5,000, and you can go for as much as Php 1 million to maximize your earnings.
How’s the experience so far? I placed Php 5,000 on Maya’s Time Deposit Plus last May and opted for the 6-month Time Deposit scheme so I was able to enjoy the high interest of 6% p.a. Since opening a Time Deposit Plus account, I have earned Php 55.43 after three months. That translates to an average monthly interest earnings of Php 18.5, which is a good amount especially when you compare to Time Deposit accounts from traditional banks. With the account being locked in a 6-month term, my Php 5,000 can potentially earn around Php 110 once it matures.
Aside from better interest earnings, what makes Time Deposit Plus great for first-timers is that it gives you a monthly breakdown of the interest you’ve earned from the base interest rate and the booster rate. This gives you a better understanding of how your money is earning.
While I already have a Time Deposit Plus account, Maya allows you to have up to 5 accounts with different maturity dates. This gives you a better way of organizing your funds.
Aside from that, you can add funds to your existing Time Deposit Plus accounts–for as low as Php 1–to boost your earnings further by meeting your target amount. Time Deposit duration options are not limited to 6 months at 5.75% p.a.: you also have a 12-month option that earns 5.5% p.a interest and a 3-month option that earns 5.25% p.a. interest, giving you that added flexibility in finding the Time Deposit Plus account that best suits your needs.
You can use the interest you’ve earned from Time Deposit Plus on other investments like crypto, stocks, and savings. This makes Maya your all-in-one Fintech app that gives you various opportunities to grow your money–regardless if you are a first-timer or a seasoned individual with your finances.
Use our code UNBOXLOVESMAYA when registering for a Maya account.
