💳 E-Wallets Gcash Gsave 3.1 percent P.a investment

[That Poppy]

GCash had partnered with one of the largest investment banks in Asia, CIMB. Their partnership gave birth to a new feature inside the app called GSave.


Pros:

GSave’s rate is 12x higher than the regular savings account.
GSave 3% vs other banks 0.25% (a year)
It’s almost 3x higher than other bank’s high-yield savings account. Plus, it has no minimum deposit and no maintaining balance.
Other high-yield savings account has an average interest rate of 1.5%. But to qualify, you need to make a minimum deposit and maintain a balance of at least P30,000 to P50,000.
It’s 3x higher than time deposits and has no lock-in period.
No annual fees with GSave account.
PDIC insures the deposits in GSave up to 500k. Philippine Deposit Insurance Corporation (PDIC)
Get a free Visa payWave ATM debit card when you accumulate PHP 5,000 in your account if You upgrade into fast plus account.
With your debit card, you can withdraw from over 20,000 ATMs nationwide, for free.
Starting on June 6, 2020, 4.1% interest per year now only applies to accounts with P100,000 maintaining balance. For accounts below P100k, you can still enjoy 3.1%.
Sample Investment if you invest 5000 pesos on Gsave compare to other banks

you will earn 13.65 pesos monthly interest and 160.17 pesos yearly compare to other banks with 1.08 pesos monthly and 3.23 pesos yearly.

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How come other banks couldn’t give the same rate? Well, CIMB Philippines is an all-digital bank. It means they do not have a physical presence. They don’t need to invest in brick and mortar, thus their maintenance costs are low. That’s the reason why they can be more generous compared to other banks.


Disclaimer:
The act of putting money in those vehicles is called investing. But please don’t jump in without proper study. It’s best to consult financial advisors, read books, and learn finance basics. In real life, we can lose money on investments. But with a savings account, we don’t have to worry. The rate is guaranteed, the amount is insured, our money is safe. It’s why to me GSave is a great place to park my money.


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[Nialovesss]

hmmm goods rin

 

[That Poppy]

hmmm goods rin

Maganda siya kasi yung kikitain mo sa money market ay halos parehas ng sa Gsave without the risk kasi stable siya. walang risk sa Saving investment kesa sa Trading kaya kung meron ka naman saving sa bank ilipat mo nalang diyan.

 

[Delta India Charlie Kilo]

ok yan dyan mo itago mga barya mo, atleast meron emergency or investment fund. wag lang umasa at mag lagay nang malaking amount sa gcash, kasi hindi pa gaanong secure at poor customer service pagdating sa refund at ibang technical problems. Kasi dati halos 6months ko pinilit at pinilit yung gcash na bigay sakin yung na failed cash in ko, na sa kanila naman yung mga kasalanan.

5pesos palang laman nang gsave ko... wahaha ngayun at na remind mo ako pre, lalagyan ko additional 5 pesos.

 

[That Poppy]

ok yan dyan mo itago mga barya mo, atleast meron emergency or investment fund. wag lang umasa at mag lagay nang malaking amount sa gcash, kasi hindi pa gaanong secure at poor customer service pagdating sa refund at ibang technical problems. Kasi dati halos 6months ko pinilit at pinilit yung gcash na bigay sakin yung na failed cash in ko, na sa kanila naman yung mga kasalanan.

5pesos palang laman nang gsave ko... wahaha ngayun at na remind mo ako pre, lalagyan ko additional 5 pesos.

GSave and GCash are two different entities. GCash is not covered by PDIC but your money is insured up to 100k. GSave which is powered by CIMB on the other hand is a PDIC member and your money is insured up to 500k. kaya di din ako nangangamba kasi secured nman siya ililipat ko na nga pera ko sa RCBC to my Gsave account iniintay ko lang yun ATM na ibibigay ng nila para di naman hassle kung mag cash out. mas kakabahan pa ako kung yung pera ko nasa Gcash hehe pero pwde mo naman sila mg transfer within the app kung gusto mo.

 

[Delta India Charlie Kilo]

GSave and GCash are two different entities. GCash is not covered by PDIC but your money is insured up to 100k. GSave which is powered by CIMB on the other hand is a PDIC member and your money is insured up to 500k. kaya di din ako nangangamba kasi secured nman siya ililipat ko na nga pera ko sa RCBC to my Gsave account iniintay ko lang yun ATM na ibibigay ng nila para di naman hassle kung mag cash out. mas kakabahan pa ako kung yung pera ko nasa Gcash hehe pero pwde mo naman sila mg transfer within the app kung gusto mo.

ah ok iba pala yung gsave sa dati nilang service na kagaya din nang gsave. nakalimutan ko na yung name nang isang service nang gcash na kagaya nang gsave.

 

[That Poppy]

ah ok iba pala yung gsave sa dati nilang service na kagaya din nang gsave. nakalimutan ko na yung name nang isang service nang gcash na kagaya nang gsave.

Yup magkaiba sila Madami kasi product ang CIMB isa itong Gsave na di ka mag kakaroon kung wala kang Gcash. meron din kasi silang Upsave at fast account yung upsave magiging 4 percent ang interest pag meron kang 100k na nilgay. kung meron nga lang ako 100k lalagay ko e. mas mattas kasi ang rate ng Gsave ngayon kaya dun muna ako tapos may kaka labas lang meron na din ang Gsave ng free life insurance coverage ng 1million basta may 100k ka din. kung meron lang ako sayang kasi yun hehe.

 

[Delta India Charlie Kilo]

yung isa hindi yata sa CIMB yun.

 

[Gawr Gura]

Yep. Nakalagay din yung pera ko sa GSave.

 

[PHC-B0N3]

same here! NOTE: don't link your gcash card to your gcash instead link it to your dummy account... it is not secured...

 

[MAGIC1234]

salsalamat po sa info