This is just a continuation of my previous blog regarding prepaid cards since I will be talking about more on my newly opened savings account or more likely about personal finance.

You can check my blog here: How To Survive Buying In Online Shop Without Having Credit Card?

NCT Dream's song 'Hello Future' really inspired me to make a move and start planing for my personal finance this year, 2022.

"Digital banking is the digitization of every level, from front- to back-end, of banking. This means that digital banks rely on artificial intelligence to automate back-end operations such as administrative tasks and data preocessing - which in turen alleviates pressure put on employees to complete day-to-day tasks."

Banks that I recently opened an account are:

1. ING Bank

- 2.5% interest rate p.a. - ING is a global bank with presence in more than 40 countries, serving more than 38.4 million customers worldwide. Globally known as a pioneer in branchless banking, and have been operating in the Philippines since 1990 and have a universal banking license that they can offer retail and wholesale banking services in the country.

- No minimum opening balance, no lock-in period, every peso earns interest and no minimum daily balance required.

- For more information you can check their site here: ING Bank FAQs

Opened my ING Save account: 12/24/2021

Approved: 12/28/2021

Opened my ING Pay account: 12/28/2021

Requested for physical debit card (you can check it on their app): 12/28/2021

Delivered at my house: 1/3/2022

How I cash-in: Currently I'm using my GrabPay wallet to transfer money since it's for free. From BPI to GrabPay and from GrabPay to ING Bank. If you know some alternatives to cash in to ING Bank for free please leave a comment below.

* No fees will be collected upon the delivery of your card -  in short it's for free.

* Sign up now! Check this for more details on how to open an account with ING: How to Open an Account with ING? 

2. GSave

- 2.6% interest rate p.a - GSave is a bank account built by CIMB Bank and GCash. It is the first-ever bank account you can open and maintain straight from your GCash app. 

- No initial deposit, no maintaining balance, no lock-in period & no hassle-in moving funds to and from your GCash wallet.

- For more information you can check their site: CIMB FAQs

Opened my GSave account: 12/28/2021

Approved & Verified: 12/28/2021

How I cash-in: From GCash app, just go to GSave tab and tap Deposit. Please make sure you have an available balance on your GCash.

* Start saving now! Check this for more details on how to open an account with GSave: How to Open an Account with GSave? 

3. Tonik

- Tonik is the first neobank in the Philippines. As a neobank, access to the banking products and services is conveniently at the palm of your hands through the Tonik App. They operate on a fully digital platform which means unlike other brick-and-mortar banks, they are not limited within physical branches.

- 1% interest rates p.a (savings account) | 4% interest rates p.a (stash account) | 6% interest rate p.a (time deposit account)

- No initial deposit, no minimum balance is required to earn interest

- For more information you can check their site: Tonik FAQs

Opened my Tonik account: 12/27/2021

Approved & Verified: 12/27/2021

Opened solo stash account: 12/28/2021

How I cash-in: At first I used my GCash to deposit but it has a transaction fee of 25php but now I'm using BPI direct and it's for free, just connect your BPI account with Tonik and that's it.

* Save now and earn! Check this for more details on how to open an account with Tonik: How to Open an Account with Tonik? 

* Get ₱60 when you sign-up, verify and top-up using this code “ TO91BPB ”

And that's all regarding with my newly opened savings account. Hope it can helps you choose on where to save your money.

Earning money doesn't mean you need to focus on just one area, just like your full time job. You should also consider other aspects for you to grow your money. For example, by doing side hustles, building a business and also by doing investments.  

As for me, I do have a business but it's more likely a side hustle. We are selling KPOP albums/merch which we bought directly from South Korea and it is 100% authentic/legit. You can check our social medias for more information:

- Twitter

- Facebook

- Instagram

But I will be talking more about investment since I am so curious on having more than one as long as I can provide a great capital and I need to be ready because we'll never know what can be the risk on having an investment.

What is investment?

Investment or investing means that an asset is bought, or that money is put into a bank to get a future interest from it. Investment is a total amount of money spent by a shareholder in buying shares of a company. (Source: Wikipedia)

Let's now talk about Pag-IBIG MP2 (Modified Pag-IBIG 2) savings on why you should start investing your money here. Since I am also new to this, I will just put some links that can help you to decide whether you will also open an account with them or not.

What is Pag-IBIG MP2 Savings?

The MP2 Savings is a special savings facility with a 5-year maturity, designed for Pag-IBIG Fund members who wish to save more and earn even higher dividends, in addition to their Pag-IBIG Regular Savings, The program is also open to pensioners and retirees who were former Pag-IBIG Fund members.

- For more detailed information, kindly visit this site: Pag-IBIG MP2 Savings

To open an account with MP2, click this: Modified Pag-IBIG 2 Enrollment

Where to pay your Pag-IBIG funds? Payment Facilities

For more questions regarding MP2 Savings, kindly visit this site: MP2 Savings FAQs

All of the links provided will help you from how to open an account to how you can earn dividends and also where to pay your funds.

I am also planning to invest on GInvest which  you can find on your GCash app and also in SeedIn but since I'm still researching more about those two, I will just update you guys on this blog once I started investing to them. 

Investment is really a risk so we should know more about the things revolve around it and to where we should  invest our money. And be prepared also for the outcomes of your investment/s.

To be updated..

I hope this blog can help you also to start doing personal finance for this year 2022 and for more years.
If you have any questions, don't hesitate to leave a comment down below.


** I am not paid or compensated to write this post. All posted in here are 100% of my own opinion. All items featured in this post are purchased through my own means unless stated. See more information at DISCLAIMER.


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Lazy Orlov