In an email sent on April 30th, CIMB Philippines announced that they will no longer offer the 4% p.a. interest for UpSave accounts and 4.1% p.a. interest for GSave accounts in the coming months.
Specifically, the standard interest rate will be lowered to 3% p.a. for UpSave accounts and 3.1% p.a. for GSave accounts starting June 1, 2020.
However, if one’s balance is at least Php 100,000 in June and July 2020, UpSave and GSave account holders can still earn an interest rate of 4% p.a. during those 2 months.