Here’s what you need to know about Maya Bank Personal Goals
MAYA BANK PERSONAL GOALS – This article will teach you what you need to know about Maya Bank’s product.
Personal Goals is a product powered by Maya Bank, Inc. This product lets you open a “goal-based” savings account so that you can easily budget for all your different needs and wants.
With this product, you can keep your money for up to 6 months while it earns interest up to PHP 1 million based on your average daily balance per annum. You can also have a maximum of 5 active Personal Goals accounts.
According to Maya, Personal Goals earns a guaranteed 4% p.a. monthly for accounts created from June 2, 2023 and any amount higher that PHP 1 million will earn no interest.
Maya noted that interest rates may be subject to change and customers will be notified of the change through publication on the official website of Maya Bank, Inc. at mayabank.ph and/or through any of the various channels available and deemed applicable at the time, including but not limited to, SMS, in-app notifications, or email.
Keep in mind that this product is a separate and distinct account from Maya Savings.
What is the difference between Maya Savings and Personal Goals?
In terms of the maximum number of active account allowed per user, Maya Savings allows only one active account per user while Personal Goals allows up to 5 active accounts per user.
When it comes to the maximum balance to earn interest, Personal Goals allows you to have a maximum balance of PHP 1 million per active account while Maya Savings allows you to have maximum balance of PHP 5 million.
Both Maya Savings and Personal Goals require PHP 0.00 minimum balance to open an account. But in terms of interest rate, Maya’s interest rate is 3.5% p.a. for balance up to PHP 5 million while Personal Goals’ interest rate is 4% p.a. for balance up to PHP 1 million.
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