Maya Time Deposit Plus offers high returns, flexibility

Digital bank app Maya has launched a game-changing savings product that offers high returns and unparalleled flexibility.

Maya users who open a Maya Time Deposit Plus account can set a savings goal, start with any amount, and select a term that aligns with their financial aspirations—a level of flexibility not seen in traditional time deposits.

This innovative approach allows users to boost their savings steadily while enjoying attractive rewards with interest rates of up to 6% p.a. They can open up to five Time Deposit Plus accounts, each with a maximum balance of P1 million. Plus, they enjoy the convenience of monthly interest credited directly into their accounts.

Maya Time Deposit Plus empowers users to set a target amount and strategically accumulate savings to reach it. It’s designed for all, whether starting with a large sum or growing savings bit by bit. 

Customers can select a term option that aligns with their financial plans: three months at 5.50% p.a., six months at 6.00%, or 12 months at 5.75%.

Further enhancing its flexibility, Maya Time Deposit Plus allows instant cancellations, granting immediate access to funds whenever needed. Note, however, that cancellation fees apply.

Transferring funds to the Maya Time Deposit Plus account is seamless, directly from the Maya Wallet for free or via other channels like InstaPay or PESONet.  

Maya also features a motivational tool where users can earn badges. These badges serve as milestones that visually track and encourage progress in the Time Deposit Plus journey, adding a layer of engagement to the saving experience.

Beyond savings, Time Deposit Plus is integrated into a broader ecosystem designed to nurture wealth growth. As users earn, they can reinvest in various financial services like Maya Funds, Stocks, and Crypto, or handle daily transactions, all conveniently within the all-in-one Maya app.

Moreover, regular interactions with the app enhance users’ financial profiles, potentially opening doors to additional borrowing opportunities.