CIMB Bank interest rates
CIMB Bank's best account for ₱100,000 is MaxSave Time Deposit (12 months) at 3.25% a year (CIMB Bank rate page, effective August 1, 2026). Left for a year, ₱100,000 earns ₱2,600.00 after the 20% final tax, 7th of the 18 banks on this site.
Our take: keep only your day-to-day money at CIMB Bank. For money you can set aside, UNOBank's #UNOboost Time Deposit leaves ₱1,800.00 more on the same ₱100,000 a year after tax (see UNOBank). Choose the MaxSave Time Deposit if you will not need the money for 12 months: it pays ₱744.40 more than UpSave. If you might, stay in UpSave.
No bank pays to appear here or to change its position.
Licensed by the BSP as a universal and commercial bankCIMB Bank Philippines Inc. (BSP short name CIMB) is on the BSP's list of supervised institutions as a universal and commercial bank with 1 office, and its deposits are insured by the PDIC up to ₱1,000,000 per depositor. BSP Verifier, Institutions list updated September 28, 2026
Next: see what you need to open an account, then open MaxSave Time Deposit from CIMB Bank's own MaxSave Time Deposit page or the bank’s official app.
Interest calculator, after tax
- Interest you keep, after 20% final tax
- ₱2,600.00
- Gross interest
- ₱3,250.00
- Final tax withheld (20%)
- ₱650.00
- Rate used
- 3.25%
- Balance at the end
- ₱102,600.00
Time deposit: simple interest for 12 months (365 days over 365), paid at maturity.
Worked example, MaxSave Time Deposit, 12 months: ₱100,000 × 3.25% (CIMB Bank rate page, effective August 1, 2026) × 365 days ÷ 365 = ₱3,250.00 gross. Less the 20% final tax (₱650.00; RA 12214, BIR RR 21-2025 from July 1, 2025) = ₱2,600.00 you keep. Compare it with every bank's rate for the same term in time deposit rates.
The 20% final tax applies from July 1, 2025 under Sections 24(B)(1) and 25(A)(1) of the Tax Code, as amended by RA 12214 (Capital Markets Efficiency Promotion Act) (BIR, RR 21-2025). It replaced the old exemption for deposits of five years or more; see the final withholding tax and time deposit vs MP2 after tax.
What you need to open an account
- To open an UpSave account you must be at least 18, a Filipino citizen, have a valid accepted ID and a compatible smartphone. bank page
- UpSave is opened in the CIMB Bank PH app. bank page
- GSave needs you to be at least 18, a Filipino citizen, not a US person, with a valid government ID and a fully verified GCash account, and you apply in the GCash app. bank page
Published rates, account by account
UpSave
2.30% a year, grossSavings base interest rates: UpSave 2.30% p.a.
Base rate effective 1 August 2026.
Effective August 1, 2026, per CIMB Bank's rate page. CIMB Bank
GSave
2.30% a year, grossWith your GSave account, you earn an interest rate of 2.30% p.a. on your balances, paid out monthly.
Opened through GCash. Interest is paid out monthly.
Effective June 1, 2026, per CIMB Bank's rate page; it was 2.60% until May 31, 2026. CIMB Bank
FastPlus
0.75% a year, grossFastPlus: 0.75% p.a.
As listed on CIMB Bank's rate page on October 2, 2026. CIMB Bank
MaxSave Time Deposit
3.25% to 3.50% a year, gross3 months: 3.50% p.a. 6 months: 3.50% p.a. 12 months: 3.25% p.a.
For new placements and renewals from 1 August 2026.
| Term | Any amount |
|---|---|
| 3 months | 3.50% |
| 6 months | 3.50% |
| 12 months | 3.25% |
Effective August 1, 2026, per CIMB Bank's rate page. CIMB Bank
Every bank's time deposit rates side by side: time deposit rates.
Maintaining balance, interest and fees
| Account | Opening deposit | Maintaining balance | Earns interest from |
|---|---|---|---|
| UpSave | Not on CIMB Bank's rate page | Not on CIMB Bank's rate page | The first peso |
| GSave | Not on CIMB Bank's rate page | Not on CIMB Bank's rate page | The first peso |
| FastPlus | Not on CIMB Bank's rate page | Not on CIMB Bank's rate page | The first peso |
| MaxSave Time Deposit | Not on CIMB Bank's rate page | Not applicable | The first peso |
- When interest is paidGSave interest is paid out monthly. GSave is opened through the GCash app. bank page
- TaxCIMB Bank withholds 20% of the gross interest each time it credits interest, so the amount you see is already net. Since July 1, 2025 (RA 12214; BIR RR 21-2025) this applies to every deposit term and to dollar deposits too. The deposit itself is not taxed.
Transfer fees
| InstaPay, personal | ₱0.00 to ₱10.00 in the BSP summary |
|---|---|
| PESONet, personal | Free |
| InstaPay, business | ₱0.00 to ₱10.00 |
| PESONet, business | Free |
[InstaPay] First 2 transactions are free; P10.00 will be charged per transaction thereafter. As disclosed to the BSP, as of August 31, 2026. Moving money in or out: compare InstaPay and PESONet fees across banks.
Is your money insured?
The PDIC insures deposits up to ₱1,000,000 per depositor, per bank, effective March 15, 2025, set by the PDIC Board under the PDIC Charter (RA 3591, as amended by RA 11840). All your CIMB Bank accounts in your own name are added together; anything above ₱1,000,000 there would not be insured if the bank closed. ₱1,500,000 kept as ₱1,000,000 at CIMB Bank and ₱500,000 at another bank is fully insured; the same ₱1,500,000 at CIMB Bank alone leaves ₱500,000 uninsured. PDIC
- Your single accounts and accounts held "by", "in trust for" or "for the account of" you at the same bank are added together as one.
- A joint account is insured separately from your single accounts, whether it uses "and", "or" or "and/or".
- Unless the account documents say otherwise, a joint account's insured amount is split equally among the co-owners.
- Your shares across several joint accounts at the same bank are added together and insured up to the maximum.
- Any loan you owe the closed bank is deducted from your deposits there.
- Investment products such as bonds, securities and trust accounts are not deposits and are not insured.
Rules from the PDIC deposit insurance brochure. Work out your own cover, joint accounts included, in the PDIC deposit insurance calculator.
On the BSP register
- Registered name
- CIMB Bank Philippines Inc.
- BSP category
- Universal and commercial bank
- Head office
- 22F Bonifacio Stopover Corporate Center 31st corner 2nd Ave Bonifacio Global City Taguig, Philippines 1634
- Offices
- 1
- Chief Executive Officer
- Mr. Vijay K. Manoharan
- Website
- cimbbank.com.ph
Not covered here: business, joint-trust and dollar accounts, and loans. For a problem with a CIMB Bank account, complain to CIMB Bank first, then to the BSP (BOB chatbot on bsp.gov.ph or consumeraffairs@bsp.gov.ph) under RA 11765; if the bank closes, claims go to the PDIC.
What to do next
- Open or check the account on CIMB Bank's own site, and confirm the rate on your amount there before you deposit; banks change rates without notice.
- Compare the same amount across all 18 banks and 50 accounts in the time deposit and savings calculator.
- Holding more than ₱1,000,000? Split it across banks and check the result in the PDIC deposit insurance calculator.
Questions
Is CIMB Bank safe?
The BSP Verifier list updated September 28, 2026 has CIMB Bank Philippines Inc. as a universal and commercial bank, so its deposits are PDIC-insured up to ₱1,000,000 per depositor, per bank, effective March 15, 2025. BSP Verifier
Do I declare CIMB Bank interest on my income tax return?
No. Since July 1, 2025, the 20% that CIMB Bank withholds is a final tax under RA 12214 and BIR RR 21-2025, so the interest is not added to your taxable income. BIR, Revenue Regulations No. 21-2025 digest
What if CIMB Bank closes?
File your deposit insurance claim with the PDIC within 2 years (24 months) of its takeover of the bank; its hotline is (02) 8841-4141 or (02) 8841-4000; toll free 1-800-1-888-7342 (1-800-1-888-PDIC); pad@pdic.gov.ph. source