Friday, 25 October 2024

Maya Bank wins Best Digital Savings product for comprehensive and innovative solutions

5 min read

By The Asian Banker

Maya Bank was given the Best Digital Savings Solutions award for its innovative and comprehensive digital deposit suite that caters to the diverse needs of unbanked and underbanked Filipinos. Maya Savings offers daily interest payouts of up to 14% per annum, while Maya Personal Goals and Time Deposit Plus accounts provide interest rates of up to 4% and 6%, respectively, allowing users to start small and build their savings. With four million customers, 60-70% of which are first-time bank users, Maya's deposit base is 3.5 times larger than its competitor. Maya has gamified its deposit products to drive engagement and is committed to enhancing overall financial health, making it a leader in fostering financial inclusion. 



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