EastWest is once again giving its depositors a cool way to earn more when they save more through its 2017 Summer Rewards promo. The bank is rewarding existing depositors with an equivalent of 2% p.a. worth of rewards points on top of the standard savings interest rate of 0.125% p.a.
Qualified for this promo are EastWest depositors with Peso checking and/or savings accounts (CASA) opened before May 1, 2017. They earn 100 rewards points equivalent to Php100 for every Php60,000 increase in the total month-to-date average daily balance (ADB) during the promo period, from May 8 to August 31, 2017.
The rewards points are redeemable via EastWest Gift Cards, the minimum of which is 100 rewards points and in increments of 100, which can be used to pay for purchases at any establishment or online merchant that accepts Visa.
The bank has been running this promo for seven years now as a way of thanking loyal depositors.
"We are grateful to our existing depositors for their trust and support over the years, and so we are continuing our yearly tradition of rewarding them for increasing their CASA deposits. Since it's not a raffle, it's a sure win for depositors who save more," said EastWest Bank SEVP & Retail Banking Head Gerry Susmerano.
The more additional CASA deposits, the bigger the rewards points that will be loaded in an EastWest Gift Card. The additional deposit must be fresh funds and not funds withdrawn or transferred from another EastWest account, including time deposits.
Click here for the 2017 Summer Rewards promo mechanics.