As Filipinos continue to face financial challenges amid rising household expenses, Metrobank is advocating for a shift towards intentional saving. The bank recently launched its Triple Bonus Promo, offering meaningful rewards to encourage more individuals to establish strong financial habits.
According to the Bangko Sentral ng Pilipinas (BSP), the percentage of households with savings dropped to 25.6% in Q4 2024, down from 29% in Q3, while consumer spending on essentials like food, clothing, and dining out continued to rise. These figures highlight the growing struggle of maintaining savings amidst increasing daily expenses.
Metrobank Encourages Goal-Based Saving
In response to these challenges, Metrobank is promoting goal-based saving, a strategy that involves setting up separate accounts for specific financial objectives. This method, akin to the traditional envelope system, helps individuals better manage their finances by distinguishing between funds meant for daily expenses and those reserved for long-term goals.
The bank also introduced the concept of #SWOMO (Save Without Missing Out), emphasizing that saving should not feel like a sacrifice. Whether it’s for a dream vacation, a milestone celebration, or a future home, Metrobank encourages Filipinos to strike a balance between financial security and enjoying life’s milestones.
Metrobank’s Triple Bonus Promo: A Rewarding Way to Save
To further support savers, Metrobank is offering a Triple Bonus Promo that provides exclusive perks for new customers who open their first Metrobank savings or checking account from now until 30 April 2025.
- PHP1,500 Cash Gift: Customers who deposit and maintain PHP 50,000 for six consecutive months will receive a 3% cash reward, giving them an immediate boost in their savings journey.
- Rebates on InstaPay Fees: By maintaining at least PHP50,000 monthly for a year, customers can enjoy up to 10 waived InstaPay fees per month, making digital transactions more affordable.
- AXA Personal Accident Insurance: Account holders who keep a PHP50,000 balance every month for a year will receive personal accident insurance coverage, ensuring additional financial security in case of unexpected events.
Metrobank aims to make saving more rewarding and accessible through these incentives, encouraging Filipinos to take proactive steps toward achieving their financial goals.
For more details, visit your nearest Metrobank branch or head to https://metrobank.com.ph.