They say luck favors the prepared, and that those who are ready to make the most of opportunities that come their way are more likely to experience success and abundance. This also applies to money, where no amount of tikoy eaten or dragon and lion dances witnessed can guarantee financial gain.
This year of the Wood Snake, allow CIMB Bank Philippines, the most awarded digital-only commercial bank in the country, guide you with some tips that can help you take charge of your finances this 2025:
Use math to your advantage
Sometimes, abundance can actually be calculated. If your objective is to grow your savings, why not do a deep dive into the existing interest rates of different banks? From there, use math to determine which one has the best returns, so that you can maximize the money you already have on hand. You can also look for online calculators that can do the work for you. Once you know which institution offers the highest rate, consider keeping your money there. For instance, CIMB Bank PH offer interest rates that are higher than traditional banks – with base rates as high as 2.5% per annum (p.a.) for UpSave savings accounts – which you can take advantage of to make your savings more hardworking.
Make time work for you
When it comes to your money, there is no need to wait for auspicious dates or special events to make a move. For financial goals that have more leeway in terms of time, consider other tools that yield a fixed high interest rate to steadily increase your money’s worth. An instrument you can consider is a digital time deposit, such as CIMB’s MaxSave Time Deposit, where you to earnup to 5.75% interest p.a. This enables you to open a time deposit account for as low as PHP 5,000 while allowing you to explore flexible terms that align with your goals. You can opt for a short 3-month term, work on your mid-term goals for 6 months, or even manage your long-term goals with 12- to 24-month periods with even higher interest rates. Plus, the fixed interest ratescan protect your deposit from market fluctuations.
Improve your credit history
The crucial principle to remember is to only take out loans that are productive, not for unnecessary spending. Responsible and timely repayment of your personal loan can also help set you up for future success, as it improves your credit history, making it easier for you to apply for bigger loans as needed in the future. Trusted institutions like CIMB Bank PH allow for hassle–free personal loan applications all within the CIMB mobile app wherein all you need is one valid ID and one payslip. This can help you acquire a loan starting from PHP 30,000 to a maximumamount of PHP 1 million, with flexible tenure options ranging from 12 to 60 months.
This year, you need not leave everything to chance just to achieve your financial goals. Take charge of your hard-earned money’s destiny now and explore different ways you can work towards prosperity with CIMB. To learn more about the latest CIMB offers, visit cimbbank.com.ph.
