Maya, a digital bank app, has announced its 10% interest p.a. limited-time promo. Check out the promo details and mechanics.
Overview
With this limited-time promo, Maya users can get a higher interest rate by making everyday payments. Boost your interest up to 10 percent interest rate per annum (p.a.) daily simply by spending a total of PHP 30,000 when you buy load, pay bills, or use Maya to pay via QR, card, or mobile number. Note that 10% p.a. daily interest applies to your first PHP 100,000 deposit balance. Users can also earn 5, 6, or 8% interest p.a. with a minimum spend of PHP 250, PHP 1,000, and PHP 20,000, respectively. Promo runs from March 7 to April 30, 2023.
Maya 10% interest p.a. promo mechanics
This promo is open to all new and existing Maya Savings users who will do the accumulated spend requirements with any of the following transactions done on the Maya Wallet within the promo period:
- Pay via QR
- Buy Airtime Load
- Pay a bill in the app
- Pay via Mobile Number
- Pay with your Maya Card
All Maya Savings accountholders can enjoy a base interest rate of 4% p.a. on balances up to PHP 5 million and increase their interest rate further based on the spend requirement per tier. Check out the table below.
If a Maya Savings user who just opened a Savings account did not complete any of the transactions above on the Maya Wallet, he/she would still be enjoying a 4 percent interest rate p.a. on his/her Maya Savings account.
However, if the user recently opened a Maya Savings account and transacted a total of PHP 250 within the month of account opening, he/she will receive a total of 5 percent p.a. until March 31, 2023. If the same user transacted again and spent an accumulation of PHP 30,000 on April 1, he will get a total of 10 percent p.a. until April 30, 2023.
Please see the sample scenario below:
Accountholder will see on the Savings dashboard his/her qualification duration for the bonus interest rate he is qualified for Maya Savings on the same day of his/her successful transaction.
- An accountholder who qualified within the month of March will get his bonus interest rate until March 31, 2023.
- An accountholder who qualified within the month of April will get his bonus interest rate until April 30, 2023.
Check the sample user experience below:
For more details about the promo, you can visit https://ift.tt/3ujgXDU.
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