Sulitin na ang savings with Komo's 4% interest rate p.a. promo! 

Details

Promo period

12:00 AM November 1, 2021 to 11:59 PM June 30, 2022

 

Eligibility Criteria

  • This is open to all Komo users who have an outstanding balance of less than or equal to PHP500k at the start of each qualifying month during the promo period. 
    • Qualifying months

      • November 1 – November 30, 2021 

      • December 1 – December 31, 2021 

      • January 1 – January 31, 2022

      • February 1- February 28, 2022

      • March 1 - March 31, 2022

      • April 1 - April 30, 2022

      • May 1 - May 31, 2022

      • June 1-30, 2022

  • Users who pass the criteria above must grow their ADB (Average Daily Balance) by P5,000 from the start of each month until the end of each qualifying month during the promo period to earn at 4% p.a. interest rate

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Frequently Asked Questions

What is ADB?

  • ADB is the sum of all your balances at the end of each day for each qualifying month, divided by the total number of days in the month. Try out our ADB calculator below!

How do I know if I'm eligible for the additional 4% p.a. interest rate?

  • You are eligible if your starting balance is less than or equal to P500,000 at the start of each qualifying month, and you grow your ADB by P5,000 in the qualifying month versus the previous month.

Reward

  • 4% Interest Earnings on your savings below PHP500,000. Any interest earned, net of withholding taxes, will be credited to the user’s account at the end of every month during the Promo Period depending on the seeding schedule. 

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Find out what your ADB is with our calculator!

Click here to download your Average Daily Balance Calculator (ADB)

 

How do I deposit to my Komo account?

Visit https://www.komo.ph/help-deposit to learn more! 

 

How do I join the promo?

Step 1: Review if you’re eligible for the promo given the criteria 

Step 2: Start depositing to your Komo account! Make sure to grow your Average Daily Balance by PHP5,000 during the qualifying month versus the previous month.

 

How may times can I join in the promo?

Users can join each qualifying month during the promo period. There are four qualifying months so eligible users can earn additional interest three times (once per qualifying month) as long as they pass the eligibility requirements and grow their previous month's ADB by P5,000.

Qualifying month 

Months 1:-5 Nov. 1, 2021  – Mar. 31, 2022 

Month 6: Apr. 1 - Apr. 30, 2022

Month 7: May 1 - May 31, 2022

Month 8: June 1 - June 30, 2022

How do  I know what my ADB is from the previous month?

Just add all your balances at the end of each day for the previous month, and divide that by the total number of days in that month. Then, use your previous month's ADB in our promo calculator to see if your current month's ADB has grown by at least P5,000. 

How will I know which amount of my balance is qualified to earn the 4% interest rate?

 

When can I expect my reward? 

Users who are qualified will be notified after the validation period of each month and will be able to receive their additional interest during the crediting period of each month:

> Qualifying month 1: Nov 1-30, 2021

 Validation period is from Dec. 1-21, 2021. Crediting of interest period is from Dec. 24-31, 2021.

> Qualifying month 2: Dec. 1-31, 2021

 Validation period is from Jan. 1-21, 2022. Crediting of interest period is from Jan. 24-28, 2022.

> Qualifying month 3: Jan. 1-31, 2022

 Validation period is from Feb. 1-18, 2022. Crediting of interest period is from Feb. 21-25, 2022.

> Qualifying month 4: Feb. 1-28, 2022

 Validation period is from Mar. 1-21, 2022. Crediting of interest period is from Mar. 22-28, 2022.

> Qualifying month 5: Mar. 1-31, 2022

 Validation period is from Apr. 1-21, 2022. Crediting of interest period is from Apr. 22-28, 2022.

> Qualifying month 6: Apr. 1-30, 2022

 Validation period is from May 1-21, 2022. Crediting of interest period is from May 23-27, 2022.

> Qualifying month  7: May 1-31, 2022

 Validation period is from Jun. 1-21, 2022. Crediting of interest period is from Jun. 22-28, 2022.

> Qualifying month 8: June 1-30, 2022

Validation period is from July 1-21, 2022. Crediting of interest period is from July 22-28, 2022

How will I know if I'm eligible for the reward?

Use our promo calculator to determine if your current month's ADB has grown by at least P5,000. vs your previous month's ADB.

If eligible, user will receive an SMS or notification from Komo upon receipt of credited additional interest. 

Who are ineligible to join?

  • Closed accounts prior to promo. Users have closed their Komo account within 90 days prior to the promo period  

  • Blacklisted and fraudulent accounts. User is included in Komo’s blacklisted and fraudulent accounts  

  • Users who did not meet the eligibility criteria. These are users whose outstanding balance is above PHP500k. 

  • Users who were not able to meet the qualifying action. These are users were unable to grow their average daily balance by PHP5,000 at the end of each qualifying month. 

Got more questions about the promo? Send us an email to support@komo.ph

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