Breaking News
Tonik introduces joint savings for couples: The ‘Luv Stash’
Love is in the air as Tonik Digital Bank (Tonik), the pioneering digital bank in the Philippines, launches the ‘Luv Stash’— the only savings product in the market enabling 2 people to save and earn a 4.5% interest rate.
The Luv Stash is designed to bring couples closer through shared financial goals and exclusive interest rates, without the need to open a joint bank account.
To start a Luv Stash, Tonik customers must complete the following steps:
- Create a Luv Stash with Your Special Someone: All Tonik customers can create a Luv Stash and invite one new Tonik customer to create a Luv Stash—directly from the Tonik App.
- Stash together, stay together: Couple must contribute a minimum of PHP 14 each to the Luv Stash during the promo period from February 1 to February 29, 2024.
- Sending money into the Luv Stash is free for both users and can be personalized by adding a picture of the common goal or setting target amount—just keep the name ‘Luv Stash’ because it is a good name to have.
Tonik customers who complete these steps within the Promo Period will be eligible for the 4.5% interest rate with just two savers.
There is more to love as Tonik Bank also offers the Group Stash—allowing groups of 3 or more to pool resources and work towards achieving their collective #SquadGoals—be it for travel, bills, or any other objective. One of the most common uses is for siblings to come together to support their parents financially.
Top-ups into the Group Stash are visible to all Group Stash members, making it easy to calculate the contribution of each member.
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