As Filipinos commemorate Araw ng Kalayaan (Independence Day) on June 12, it’s the perfect time to reflect not just on our country’s sovereignty, but also on a more personal kind of liberation: financial freedom. Achieving prosperity and abundance is no longer a pipe dream reserved for the wealthy. With the right mindset, tools, and support, every Filipino can take control of their finances and build a future free from debt, stress, and hand-to-mouth living.
CIMB Bank Philippines, hailed by The Asian Banker as the Best Digital Bank in the country, believes that financial freedom can start with small, practical steps. Whether you’re starting your career, managing a growing family, or looking to open a small business, CIMB Bank PH has the right tools to help you take charge.
Here are some practical ways to pave your way towards financial independence:
Start with a smart savings plan
An important part of achieving financial freedom is having enough savings. But not all savings accounts are created equal. When looking to store your hard-earned money in a savings account, consider accounts that give you better returns. While traditional banks often give less than 1% interest per annum (p.a.), CIMB Bank PH’s UpSave account has a base rate of 2.5% interest p.a., which can go even higher with the bank’s special promos.
For instance, you can earn as much as 10% interest p.a. until June 30, 2025 as part of CIMB Bank PH’s Earn More promo series. Giving your savings this extra boost can help you reach your goals faster and make you that much closer to achieving financial freedom. Follow the CIMB official Facebook page at Facebook.com/CIMBBankPH to know more about our latest promos.
Borrow wisely for growth, not wants
There’s a difference between good and bad debt. Borrowing money simply for the sake of non-essential lifestyle upgrades can lead to a cycle of monthly overdue payments that do not necessarily contribute to the goal of financial independence. But using credit for opportunities to further improve your finances in the long run – like education or business capital – can push you closer to independence. CIMB Bank PH’s Personal Loan offering allows qualified applicants to borrow up to PHP 1 million in just 10 minutes. All you need is a valid government ID and one payslip, no need for complicated paperwork.
Save automatically and pay yourself first
As soon as your paycheck comes in, it’s important to immediately put away funds for emergencies and your retirement. If you have other monetary goals set in order to attain financial independence, make sure they are covered as well before spending on non-essentials. To help you track your ipon goals, tools like the Own My Goals (OMG) feature on the CIMB mobile app can help. With OMG, you can create multiple savings goals that can be linked to your desired CIMB savings account with an additional auto-save feature. OMG, coupled with CIMB Bank PH’s high interest rate offers, can truly support you to reach your financial independence goals faster so you can achieve your life purpose.
This Independence Day, let’s celebrate more than just our nation’s freedom. Let’s also work towards liberating ourselves from limitations brought about by poor money habits. CIMB Bank PH is here to support every Filipino on the road to fiscal independence.
To know more about CIMB Bank PH’s products and special offers, visit cimbbank.com.ph
