Midyear ipon check: are you hitting your savings goals?

We are now at the halfway point of the year – a perfect time to pause, reflect, and recalibrate your financial goals. Whether you’re saving up for a dream family vacation to Palawan, tuition fees for the next school year, or simply building your emergency fund, it’s never too late to refocus your financial game plan when you feel like you’re lagging.

Let CIMB Bank Philippines, hailed by The Asian Banker as the country’s Best Digital Bank, guide you in reassessing and strengthening your savings goals this midyear:

Review your progress

Take a look at and analyze your savings since January. Have you stayed consistent with your monthly ipon? If not, don’t worry – the year is not over! Use this opportunity to realign your targets with your current income and lifestyle. You can even set higher goals in case your finances now allow it, so you can save even more money.

Adjust to life changes

Life happens – maybe you’ve welcomed a new family member, switched to a better paying job, or faced unexpected expenses like car repairs or hospitals bills. Take these changes into consideration and adjust your saving strategy as needed. Think long term and use your current progress as a guide to stick as close as possible to your bigger goals for the year and rethink goals that have lower priority.

Find ways to earn more

When it comes to where you build and keep your savings, not all bank accounts are created equal. While storing it in a bank keeps it safe, the growth of your money is also often tied to the interest rate of your savings account. To help you reach your target amount faster, maximize the interest you earn by using an account like CIMB Bank PH’s UpSave account. If you are a verified GCash user, you can also opt to open a GSave account and link it to your CIMB mobile app. These accounts offer interest rates that are higher than traditional banks, with a base rate of 2.5% per annum (p.a.) and 2.6% p.a., respectively. Until June 30, 2025, you can also enjoy interest rates as high as 10% p.a. from CIMB Bank PH’s Earn More promo series. 

To open your own CIMB savings account, simply download the CIMB mobile app from the App Store, Google Play Store, or Huawei AppGallery. Opening an account can be done entirely on the CIMB mobile app and only takes minutes. Having your own CIMB savings account not only gives you access to higher interest rates, but also allows you to maximize the Bank’s comprehensive suite of products and services all within the CIMB mobile app.

Set your savings up for success for the remainder of 2025 with the help of CIMB Bank PH. To learn more about the different tools to help you in managing your finances, visit cimbbank.com.ph