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Tonik introduces joint savings for couples: The 'Luv Stash'

February 19 2024

Tonik introduces joint savings for couples: The ‘Luv Stash’

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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.

Companies In This Post

Tonik
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