📰 Our 1st issue: Great week-ender! 🥳

Hello Lemoneyd Kids!

Welcome to the 1st issue of Lemoneyd News 🥳

As of this writing, we have 50 subscribers. I thank all of you for trusting Lemoneyd News to be your go-to source for Personal finance news and updates.

Now, let’s start! These are the news and updates this week.

💸 Digital Savings

CIMB has added a 3-month term to their Time Deposit product

• Previously, CIMB only offers 3 terms for their TD product: 6, 12, and 24 months. Now, they have added a 3-month option that earns 5.75% p.a.

• Sadly, they lowered the interest rates for their 12-month term from 6.5% to 6.25% p.a. and for their 24-month term from 7% to 6.5% p.a.

SeaBank launches its loan product, SeaBank Credit

• SeaBank Credit is a revolving credit line with a fixed monthly interest rate of 2.95%, with no processing fees.

• Users can withdraw cash multiple times, with a minimum of P2,500 up to P100,000, and choose payment tenures of 3, 6, or 12 months.

OwnBank cardless cash withdrawal

• OwnBank users can now cash out from their accounts even without an ATM card from the growing number of Cash Teller Machines (CTM) nationwide.

• See demo video here.

   

Another Rural Bank has transformed to offer Digital Savings products

• A Rural Bank with a rich history has embarked on a process of digital transformation and will offer the highest interest Time Deposit products in the market.

• We will surely update you once they officially launch!

That’s it for this week! We will surely add more topics next week, like news about Credit cards, Fintech apps, and Insurance products. 🤩

We will also send it earlier, at 7 a.m., so you can read it while having your morning coffee. ☕

🍋 Stay zestful,
Lemoneyd