Today’s digital banks have enabled unprecedented financial inclusion for hardworking Filipinos, freeing them from the burden of having to spend several hours every month lining up at a physical branch just to manage their own funds. But as remarkable as this progress is, being digital isn’t enough. For a digital bank to be relevant to today’s sophisticated users, it must offer smart, intuitive financial products that help people effortlessly save, plan, and grow their money.
Whether you’re opening your first digital bank account or are thinking of switching providers, it’s a good idea to know about modern banking features that give you more value out of every peso you deposit. Here are the essential financial products and services your next digital bank should offer. As you might have guessed, all these are offered by Maya, the Philippines’ #1 digital bank.
1. High-Interest Everyday Savings Account
With a typical traditional bank, you’d be lucky to get a 0.125% annual interest rate, hardly enough to beat year-over-year inflation. Maya Savings, on the other hand, gives you a base interest rate of 3.5% p.a., with the opportunity to boost it up to 15% interest p.a. just by using the Maya App for daily payments like bills, load, or shopping. With that kind of performance, your savings can go beyond simply beating inflation and become an engine of genuine wealth creation.
Maya Savings is financially inclusive as well. To open an account, all you need is the upgraded Maya App. With no minimum balance required and full regulation as a Bangko Sentral ng Pilipinas-supervised financial institution (BSFI), it’s no wonder that Maya is the digital bank Philippine-based consumers and even businesses depend on.
2. Customizable Personal Savings Goals
Your digital bank should make it easier to meet your savings goals. That’s exactly what Maya Personal Goals lets you do. Maya Personal Goals It lets you create up to five customised goal accounts, making it ideal for managing yearly vacations, emergency funds, birthdays, or anything else you can imagine. Each goal can also earn as much as 4% p.a. every month for deposits up to Php1M per account, making this feature a practical tool for achieving your dreams.
3. Time Deposit Options with Flexible Top-Ups
If you’ve got space in your budget and want to earn more, time deposits are a good option. However, not all time deposits are the same. Some have restrictive terms, with high minimum amounts and inconvenient top-up mechanics. What you really want is a flexible but still high-earning product like Maya Time Deposit Plus.
Time Deposit Plus is a flexible, no-fuss option that offers 3, 6, and 12-month terms and up to 6% p.a. Unlike with traditional fixed time deposits, Time Deposit Plus lets you top up your deposit whenever you want, right until you hit your goal amount. You can start with as little as PHP5,000, and you can even open up to five time deposit accounts simultaneously, giving you more options to grow your wealth.
4. Simple Professionally Managed Investments
Investing with traditional banks can be a struggle, with multiple steps, high fees, and steep learning curves. With Maya Funds, you can dive headfirst into the world of investments with as little as PHP 50. With 13 local and global funds to choose from, you’ll have all you need to get started on that diversified portfolio you’ve been dreaming of.
5. Safe Credit Options for Everyday Spending and More
While Filipino savers now understand the value of a good credit score, starting a credit history can still be quite challenging. In particular, freelancers and solo entrepreneurs can face uphill struggles when securing loans from traditional issuers. If you’re new to the workforce or have an unconventional job, you need a bank that meets you where you are.
Maya offers wider financial inclusion with a variety of loan and credit card options for Filipinos from all walks of life. From digital professionals and business owners to families and elite spenders, May offers credit cards and loans that fit the needs of modern Filipinos.
Maya: A Digital Bank That Has Your Back
A good bank should do more than hold your money. After all, you don’t even need a bank to do just that. Instead, choose a digital bank that grows your funds and keeps your best interests in mind. Maya’s combination of high-yield savings, goal-based tools, time deposit options, and investing features makes it the clear choice for growing your wealth and taking control of your day-to-day finances.
Even better, Maya offers you the tools to make it happen; securely, conveniently, and all in one place. Thanks to the Maya App, you don’t have to take hours of valuable time out of your busy day to manage your savings or make investments. And with Maya’s commitment to hi-tech security, you can also count on Maya to protect your data and finances from every angle.
When you’re ready to start building your future, download the Maya App and explore the full breadth of what Maya has to offer. With Maya, growing your wealth is just a matter of getting started.
