Why digital banks like Maya are reconsidering rate cuts in 2026.
A representative for Maya said to radar Business that its base interest rate cut, initially announced for April 1, will not proceed at this time. No reason was specified for the postponement. However, the company’s website still indicates an impending reduction to 3% effective April 1.
Maya was set to reduce its base interest rate to 3%, down from 3.5%, starting April 1.
Boosted interest incentives will still remain, allowing eligible users to earn up to 15% p.a., capped at ₱100,000. The boosted interest, which is earned by meeting savings tiers, resets monthly.
Market context: Digital bank wars
The decision to hold the 3.5% base rate keeps Maya in a strong position against competitors like GCash (GSave) and CIMB, which have also been adjusting their promotional rates for Q2 2026.
With inflation pressures still weighing on the Philippine peso, Maya’s daily interest crediting remains a significant draw for “yield chasers” looking for liquidity and high returns.
For now, savers can breathe a sigh of relief—the 0.5% cut has been averted, making your “emergency fund” just a little bit more resilient this April.
A surprise for savers! Maya’s scheduled move to cut base interest to 3% has been put on hold. Your savings will continue to earn 3.5% p.a. base interest this April—find out how to still hit that 15% p.a. cap.
