CitySavings: The Ultimate Banking Solution

CitySavings is a trusted name in the banking industry, with a long history of providing reliable financial services to its customers. Established in 1985, CitySavings has grown to become a major player in the Philippine banking scene.

One of its most notable features is its wide range of deposit products, including savings accounts, time deposits, and checking accounts. These products cater to various customer needs and preferences.

For those who value convenience, CitySavings offers online banking services that allow customers to manage their accounts and perform transactions from the comfort of their own homes. This service is available 24/7, making it a great option for those with busy schedules.

CitySavings also has a strong presence in the Philippines, with over 100 branches across the country. This extensive network ensures that customers have easy access to banking services, regardless of their location.

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City Savings, also known as CitySavings, is a thrift bank subsidiary of Union Bank of the Philippines.

CitySavings was founded in 1965, making it 60 years old as of 2025. Its corporate office is located at the UnionBank Plaza in Ortigas Center, Pasig, Metro Manila.

CitySavings is regulated by the Bangko Sentral ng Pilipinas and is a member of the Aboitiz Group of Companies.

Having a city savings plan can help you achieve your financial goals, such as buying a home or paying for education expenses, by setting aside a specific amount each month.

The average person in a city can save up to $500 per month by cutting back on unnecessary expenses and allocating that money towards savings.

By saving even a small amount regularly, you can accumulate a significant amount over time, taking advantage of compound interest and watching your savings grow exponentially.

In fact, a study found that saving just 10% of your income can lead to a 30% increase in savings over a 10-year period.

Regular savings can also provide peace of mind and reduce financial stress, allowing you to focus on other aspects of your life.

City Savings works by allowing you to save money in a dedicated account that earns interest, but with some restrictions on withdrawals.

You can save money in a City Savings account by making regular deposits, which can be done online, by phone, or in person.

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The interest rate on a City Savings account is variable, meaning it can change over time.

You can earn up to 2% interest on your City Savings account balance, depending on the account type and balance requirements.

However, you can only withdraw from your City Savings account once a month, and there may be fees for early withdrawals.

This means you'll need to plan ahead and make sure you have enough money in your City Savings account for emergencies or large purchases.

The goal of City Savings is to help you save money over time, so it's best to think of it as a long-term savings plan.

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City Savings Bank has taken a unique approach to making banking services more accessible to its customers. With its Bank-on-Wheels mobile kiosk, the bank is bringing banking services closer to customers in remote areas.

The Bank-on-Wheels mobile kiosk features services such as balance inquiry and cash withdrawal, making it easier for customers to manage their finances. City Savings has over 140 branches nationwide, but this initiative aims to reach areas where branch accessibility might be a challenge.

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The Bank-on-Wheels mobile kiosk is powered by batteries, contributing to eco-friendly operations and minimizing carbon emissions. This is a key aspect of City Savings' sustainability endeavors.

City Savings' Chief Executive Officer Lorenzo Ocampo emphasizes the importance of financial inclusion and sustainability in the country. The Bank-on-Wheels initiative is a step towards achieving this goal.

By prioritizing environmental responsibility, City Savings is paving the way for inclusive and sustainable prosperity across the country.

CitySavings offers a range of banking services that cater to the diverse needs of its customers.

Their savings accounts come with a competitive interest rate of 1.25% per annum, which can help your money grow over time.

With over 100 branches nationwide, you can easily access your money and conduct transactions without having to travel far.

Their online banking platform allows you to check your account balance, pay bills, and transfer funds 24/7, making it a convenient option for busy individuals.

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Their customer support team is available to assist you with any queries or concerns you may have.

Their ATM network has over 1,500 machines across the country, ensuring that you can access your cash when you need it.

Their credit card offers rewards and cashback, making it a great option for those who use their card frequently.

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Financial Planning is a crucial aspect of securing a comfortable future, and CitySavings can help you achieve that. The biggest fear among those close to retirement is outliving your money, but with the right tools, you can plan ahead.

CitySavings offers a calculator that provides a realistic look at how long your savings account will last based on a set monthly withdrawal. This tool can help you make informed decisions about your financial future.

By using this calculator, you can get a clear picture of your financial situation and make adjustments as needed.

Saving for your children's education requires a long-term plan. And, like saving for retirement, the earlier you start your plan the better.

You can use a calculator to help develop or fine-tune your education savings plan, which is a great way to get started.

The key is to start early, as every year counts when it comes to growing your savings.

Retirement planning is crucial to ensure a comfortable post-work life. The average American worker spends about 40 years in the workforce, so it's essential to make the most of that time.

Saving for retirement starts early, ideally in your 20s or 30s, when you're earning a steady income and have fewer financial responsibilities. You should aim to save at least 10% to 15% of your income towards retirement.

A well-diversified investment portfolio can help grow your retirement savings over time. Consider contributing to a 401(k) or an IRA, which offer tax benefits and compound interest.

The 4% rule suggests that a retiree can safely withdraw 4% of their retirement savings each year, adjusted for inflation, to maintain a sustainable income stream. This rule assumes a 30-year retirement.

It's essential to review and adjust your retirement plan regularly to ensure it remains on track, especially if your financial situation or goals change. Consider consulting a financial advisor for personalized guidance.

CitySavings has been named "Most Innovative Savings Bank – Philippines" at the International Finance Awards 2022, solidifying its position as the country's leading bank in the digital era.

The bank's straightforward banking and easy user-friendly services have earned it this recognition. CitySavings has expanded its loan portfolio, offering pension, motorcycle, company employee, and government salary loans, while maintaining its lead as the preferred teachers' bank in the country.

The bank's digital innovations provide simple solutions to one's banking needs, making it a preferred choice for many. CitySavings has a chatbot called Talk to Maria, which played a crucial role in helping customers during the COVID-19 pandemic.

The bank is also piloting artificial intelligence-driven solutions to improve customer relevance for availing loans and enhance its credit scoring model for loan processing. This is part of its digital transformation journey, which aims to make banking simple for customers.

CitySavings has over 140 branches nationwide, making it one of the largest thrift banks in the country. It offers a wide range of mass market financial products and services, such as salary loans, pension loans, and traditional deposit products.