CIMB Review: Earn While Saving Money

Want to save and earn money at the same time? CIMB will show you how.


CIMB is a digital bank where account holders can multiply their money from 0.75-3.1% annually. The return is already good but they also added some features that will help us more when it comes to money management.


Unlike a traditional bank, CIMB is a pure digital bank. From application of account to deposit, withdraw and maintaining an account are all done online.

If you’re a busy person who do not have the time to queue to bank tellers then CIMB is right for you.


Fast/Fast Plus Account

Fast account is a peso saving bank account where members can can get an interest of 0.75% per annum. Account holders will also get a free CIMB visa card but the account has only the validitity 12 months. The good thing is there is an option to upgrade to Fast Plus which has the same feature of Fast account but no expiration date. Valid Id and a selfie is just the requirement.

Upsave Account

Unlike Fast and Fast Plus, Upsave holders will enjoy an interest of 3% per annum. No minimum balance required and no expiration date of account. CIMB also offers free life insurance for holders who have at least P100,000 in their account. No medical check-up needed.

The feature that I like the most in Upsave is everyone can open more than one Upsave Account. Yes you read it right. If you are a fan of cash envelope where you divide your income into different spending categories, in CIMB you can divide your money into different accounts for money or saving goals.

If you have P30,000 in your Upsave account you will accumulate more than P900 in a year. That money can buy you grocery items for your family. Yey!

I have 6 Upsave accounts where they have different saving categories and earn 3% interest each. The downside that I see is Upsave does not have a debit card. I can’t withdraw my money to an atm machine but I can transfer it to my Fast Plus account to withdraw.

CIMB users can both have a Fast or Fast Plus account and Upsave accounts but they can’t have it with Gsave/Gsave Plus account.

Gsave/Gsave Plus

CIMB worked with Gcash to bring Gsave and Gsave Plus but only those who do not have a CIMB account yet can register to them.

If you do not have a CIMB account but have a Gcash, you may enjoy the benefits of Gsave by going to the Gcash app and register using the Gsave feature.

Gsave has a validity of 12 months like the Fast account but may upgrade to Gsave Plus which has no expiration period.

Account holders may enjoy 3.1% interest annually  but has a maximum deposit of P100,000 only.


CIMB members may fund their accounts using over the counter partners like 711, Bayad Center, Cebuana Lhuillier, LBC, M Lhuillier, Palawan, RD Pawnshop, Robinsons, SM Retails and other banks.


Account holders may withdraw their money using their atm card or though Bayad Center.


Cimb does not offer Instapay but has Dragonpay and Pesonet to transfer money to/from other bank accounts.


CIMB users may also apply for loan from P30,000 to P1M in just 10 minutes. If you are interested, you may calculate the interest rate and monthly repayment in this website.


Digital bank
Online application
3% interest rate
No minimum deposit
Multiple accounts
Deposit via 711
Pay bills and buy loads
Free atm card
Can loan
Free life insurance
Member of PDIC


No instapay
No discount from buying loads
No discount from paying bills
Replacement of card is P150
Transfer of money to/from other bank account is via Dragonpay or Pesonet only
Dormant account will be charge P30 per month after 3 months of inactivity


Applying for CIMB accounts is easy. You just have to download the app and fill up the form. For the upgrading of accounts, all you have to do is submit a valid ID and selfie.


Must be 18 years old and up
Must be a Filipino citizen
Must have Philippine mailing address and mobile number
Must have a valid ID.
Selfie for upgrades

In my opinion

For Filipino citizens who want to grow their money while saving, CIMB is a choice. I maximize the use of the Upsave accounts because I can apply the cash envelope system online without needing to open multiple bank accounts.



Rozen is the brain behind this blog. She is a call reviewer, blogger and a crypto lover. You may also find her in Divisoria Tips

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