Digital Banks With the Highest Interest Rates Right Now

If your savings account is earning 0.0625% per annum at a traditional bank, you are essentially letting inflation eat your money alive. Digital banks licensed by the Bangko Sentral ng Pilipinas (BSP) are now offering rates that range from about 3% to as high as 15% p.a. — a dramatic difference that can add thousands of pesos in interest each year on the same deposit. This guide breaks down the top digital banks in the Philippines with the highest interest rates as of mid-2026, explains what the conditions really mean, and helps you pick the right account (or accounts) for your savings goal.

Why Digital Bank Interest Rates Beat Traditional Banks

Walk into any branch of a big Philippine commercial bank today and ask about their regular savings account rate. At BDO, BPI, and Metrobank, regular savings currently pay 0.0625% per annum (p.a.). That means a ₱100,000 deposit earns about ₱62.50 in interest over an entire year — before withholding tax.

Digital banks can offer dramatically higher rates for one simple reason: they have no branches. No tellers, no security guards, no expensive Makati real estate. That lower overhead lets them compete aggressively for depositors by passing their cost savings on as higher interest rates. The BSP has been actively encouraging this competition through its Digital Banking Framework, and the result is a growing group of app-based banks offering roughly 3%–5% p.a. on standard savings products, with higher promotional rates on capped balances.

A quick note on terminology before we dive in. 'Per annum' (p.a.) simply means per year. So a 6% p.a. rate on ₱50,000 would generate ₱3,000 in gross interest over 12 months. Many digital banks credit interest daily, which means your balance grows incrementally every single day rather than in one lump sum at the end of the year. Daily crediting makes compounding slightly more favorable because yesterday's interest starts earning interest today.

All the digital banks featured in this article are BSP-supervised and covered by Philippine Deposit Insurance Corporation (PDIC) insurance — meaning your deposits are protected up to ₱1,000,000 per depositor per bank if the institution were to close. This coverage limit doubled from ₱500,000 effective March 15, 2025, and now applies uniformly to every PDIC-member bank, digital or traditional.

How We Compared These Digital Banks

Not all high interest rates are created equal. A 15% p.a. headline rate that only applies to the first ₱100,000 of your balance and is available only to qualifying new users for their sign-up month is a very different product from a flat 6% p.a. that applies to your full balance with no conditions. To give you a useful comparison, we evaluated each bank across five criteria: headline interest rate, conditions attached to that rate (spending missions, balance caps, time locks), PDIC insurance coverage, ease of account opening, and the presence of any maintenance fees.

We also draw a clear distinction between flat or unconditional rates and promotional or conditional rates throughout this article. Flat rates are the baseline — you deposit money, you earn the rate, full stop. Conditional rates require you to do something (spend a minimum amount, maintain a specific balance tier, or lock funds for a fixed term) to qualify. Neither is inherently bad, but confusing the two leads to disappointment when your actual earnings don't match the headline. Rates and product details were sourced from each bank's official website and BSP-registered product disclosures. For a continuously updated comparison, see our full live table.

Tonik Bank — 3.25% p.a. on Stash (3.75% Group Stash With a Group), No Spending Missions

Tonik Bank is a strong pick for savers who want a high rate without spending missions. Note that its flagship Tonik Account now pays just 0.10% p.a., so the real value sits in Tonik's Stash products. The Group Stash pays 3.25% p.a., rising to 3.75% p.a. only when the owner saves with at least two other participants and all three have contributed at least ₱1. For a ₱100,000 balance, 3.25% translates to roughly ₱3,250 in gross annual interest, or around ₱271 per month (₱3,750, or about ₱313 per month, at the conditional 3.75%). At a traditional bank paying 0.0625%, the same balance would earn only about ₱62.50 for the entire year.

Tonik's goal-based Stash products are where the higher rates live: a Solo Stash at 3.25% p.a. for individual savings goals (say, a travel fund or emergency fund) and a Group Stash at 3.25% p.a. standard — rising to 3.75% p.a. only when the owner saves with at least two other participants — that lets multiple people (friends, family, or a barkada) pool money toward a shared objective. Interest on all Tonik products is credited daily.

One caveat with the Group Stash is control: invited members can only add money, and only the stash creator can withdraw the funds. You can hold up to five Stashes (Solo and Group combined). The flagship Tonik Account is fully liquid but now pays only 0.10% p.a., so it is not a high-rate option on its own.

Maya Bank — Highest Headline Rate (Up to 15% p.a.) With Conditions

Maya Bank commands attention with its 15% p.a. headline rate on up to ₱100,000 — the highest advertised figure from any BSP-licensed deposit-taking institution in the Philippines right now. However, this number requires careful unpacking before you get too excited.

Maya's base savings rate is 3% p.a. The boosted rate of up to 15% p.a. is layered on top, and right now it is offered through Maya's new-user promo: new users who sign up and upgrade in the same calendar month, cash in at least ₱1,000 and deposit at least ₱1,000 into Maya Savings during the November 1–30, 2026 window can get up to 15% for their sign-up month without missions; after that month, the usual rules apply. Maya also published a separate October 1–31, 2026 program for existing users, with monthly 'missions' — specific transaction targets such as paying bills, buying load, or making QR or card payments — and 13% and 15% tiers reserved for select users; Maya's page still shows those October terms and no November continuation, so they are not presented as currently available. Either way, a boosted rate applies only to the first ₱100,000 of your balance; funds above that cap earn the 3% base rate.

This structure is not inherently unfair — Maya is essentially rewarding new sign-ups with a one-month boost. But it means the 15% figure is a promotional rate, not a passive savings rate: once the sign-up month ends you are back on the 3% base rate — still decent, but not the headline number. If you are already a Maya user, check the Maya app for any boost currently available to you, because Maya's October mission terms are not confirmed for November.

The key takeaway: Maya's 15% p.a. (on up to ₱100,000) should not be compared side-by-side with Tonik's 3.25% p.a. Stash accounts as if they were equivalent products. One is conditional and capped; the other is a standard rate with no spending missions. A new Maya user can still capture a one-month boost worth up to roughly ₱1,000 on a ₱100,000 balance, but it is not a recurring rate.

GoTyme Bank — Straightforward 3% p.a. GoalSave

GoTyme Bank sits in the sweet spot for savers who want a competitive, no-nonsense rate alongside practical everyday banking features. GoTyme's GoalSave pays 3% p.a. on up to five GoalSaves, with no minimum balance requirement. There are no spending missions, no savings limit, and no confusing tier structures — you deposit, you earn.

GoTyme's standout feature is its physical onboarding option: GoTyme kiosks let you open an account and print a Visa debit card on the spot, in minutes. This makes it particularly accessible for Filipinos who are hesitant about fully app-based onboarding. Transfers between GoTyme accounts are free, and you get 20 free InstaPay transfers to other banks each month (₱9 each after that).

GoTyme is best for savers who want a competitive unconditional rate without downloading yet another app purely for savings, or for those who appreciate having a physical card and the option of walking up to a kiosk for help.

CIMB Bank PH — 2.30% Base, Up to 4.15% p.a. With Its Earn More Promo

CIMB Bank Philippines pays a 2.30% p.a. base rate on its GSave and UpSave accounts, with no balance cap. Its Earn More promo, which runs through December 31, 2026, adds up to 1.85% p.a. on top (up to 4.15% p.a.): existing depositors qualify by growing their total average daily balance versus the previous month, and new depositors by maintaining the required balance in their account-opening month. It operates two primary savings vehicles: the UpSave account, which is opened directly through the CIMB app, and the GSave account, which is accessed entirely within the GCash super-app without needing to download a separate application.

The GSave angle is CIMB's biggest differentiator. If you already have a GCash wallet — and the majority of banked and semi-banked Filipinos do — you can open a CIMB GSave account in a few taps from within GCash, link it to your existing e-wallet balance, and start earning interest immediately. There is no maintaining balance.

The promotional nature of CIMB's top rate is worth noting — the extra interest depends on growing your balance each month and ends with the promo period, so always check the current rate in the app before depositing. The GCash integration continues to make it a frictionless entry point for first-time digital bank users.

UNO Digital Bank — Up to 3.50% p.a., No Missions or Lock-Ins

UNO Digital Bank may not lead the pack on headline rates, but it earns its place on this list with simple, unconditional rates and free PESONet transfers — no missions to complete and no lock-ins on the regular savings product. Like every BSP-licensed bank, UNO deposits are PDIC-insured up to ₱1,000,000 per depositor per bank, so balances up to ₱1,000,000 per depositor are fully covered by PDIC.

On the rates side, UNO's #UNOready savings rate depends on your balance level, and the rate for your bracket applies to your whole end-of-day balance (not just the portion inside the bracket): 3.00% p.a. below ₱5,000, 3.50% p.a. from ₱5,000 to ₱4,999,999.99, and 1.00% p.a. on the whole balance once it reaches ₱5,000,000. These rates are unconditional — no missions, no lock-ins on the regular savings product. UNO also offers #UNOboost time deposits, which its Time Deposit page lists at up to 5.00% p.a. on a 12-month term while other UNO and GCash pages still show up to 5.50% (checked November 4, 2026), so confirm the rate in the app before booking. Its #UNOearn time deposits pay up to 5.00% for 2 years with monthly payouts. PESONet transfers to other banks and e-wallets are free (InstaPay transfers cost ₱5), which makes it useful for people who move money between institutions.

UNO is the right choice for depositors who prioritize simplicity over maximum yield — unconditional rates with no missions or lock-ins, plus free PESONet transfers for people who move money between institutions.

MariBank — 3.25% p.a., 3.75% on the Portion Above ₱1M

MariBank — formerly SeaBank Philippines, which joined the MariBank group of Sea Group (Shopee's parent company) and reintroduced itself as MariBank in July 2025, then received its BSP digital banking license in July 2026 — brings a clean, app-first banking experience to the Philippine market. Its savings product uses a marginal tier: balances up to ₱1,000,000 earn 3.25% p.a., and only the portion of the balance above ₱1,000,000 earns 3.75% p.a.

Interest is credited daily and there is no minimum balance requirement to open or maintain an account. The onboarding process is fully digital and straightforward. MariBank's appeal is somewhat niche — the tiered rate is only meaningfully better than competitors if your savings exceed ₱1,000,000, at which point the additional 0.50 percentage points on the excess amount starts to add up. For a balance of ₱1,500,000, for example, the top tier applies to ₱500,000, generating an extra ₱2,500 per year in interest compared to the lower tier rate.

MariBank is best suited for higher-balance savers who are comfortable with a newer brand and want a simple, no-frills account that rewards larger deposits with a better rate.

Salmon Bank — Up to 8% p.a. on Time Deposits

For savers who are willing to lock their money away for a fixed period in exchange for a higher guaranteed return, Salmon Bank — Salmon Bank (Rural Bank) Inc., which you can reach through the Salmon app — is a compelling option right now. Under its "Bank on Eight" promotion (valid December 1, 2025 through November 30, 2026), Salmon Bank offers time deposit rates of up to 8% p.a. — but that promotional maximum requires a qualifying placement of at least ₱1,000,000 on terms between 1 and 5 years, and is open to both new and existing individual clients. Smaller placements earn Salmon's lower published rates — 6% p.a., or 6.5% for ₱500,000 to ₱999,999.99 on 12- to 60-month terms — and 6- and 9-month terms pay 6% at any amount.

To put that in peso terms: a qualifying ₱1,000,000 placement in a Salmon Bank time deposit at 8% p.a. for one year would generate ₱80,000 in gross interest before the 20% final withholding tax that applies to deposit interest in the Philippines. After tax, that is approximately ₱64,000 — still far better than what most traditional bank products can offer on the same amount. Below the ₱1,000,000 threshold you earn 6% to 6.5% rather than the 8% promotional maximum.

The key trade-off is liquidity. Time deposits are locked for a defined term, and at Salmon, withdrawing before maturity cuts your rate to 1.00% and adds a pre-termination fee of 0.75% of your initial deposit — so this is not the right vehicle for your emergency fund. It is, however, an option for funds you know you will not need for at least six months (terms run from 6 months to 5 years, with a ₱5,000 minimum): a bonus you plan to use for a vacation next year or a business capital fund you are building incrementally. You can open an account at Salmon Bank's Sta. Rosa head office or Bacoor branch, or start online and be guided by a telesales representative and an assigned relationship manager.

BanKo PondoKo — 5% p.a. on SEME Accounts (₱5,000 to ₱1M)

PondoKo is the savings line of BanKo, a savings bank that is a subsidiary of BPI, and it targets a demographic that is often underserved by mainstream banks: micro-entrepreneurs, sari-sari store owners, freelancers, and small business operators. Its PondoKo SEME account pays 5.0% p.a. on balances of ₱5,000 to ₱1,000,000 — balances below ₱5,000 earn no interest and balances above ₱1,000,000 earn 0.0625% — with interest credited monthly and the monthly service charge waived. BanKo's TODO Savings account pays the same 5% on the same ₱5,000 to ₱1,000,000 range.

The BanKo app offers free InstaPay transfers to GCash and other banks, a no-frills interface built for first-time digital banking users, and a focus on simplicity over feature overload. For a tindera in Cebu or a freelance graphic designer in Davao who is opening their first digital bank account, PondoKo is designed to be approachable and practical rather than overwhelming. The SEME account structure acknowledges that small business savings patterns are different from salaried employees — irregular deposits, frequent withdrawals, and a need for a clear view of working capital.

Side-by-Side Comparison Table

Here is a quick reference summary of all eight options covered in this article. For a full live rates table with current promotions and updated figures, visit our savings interest rates page.

How to Choose the Right Digital Bank for Your Savings Goal

With eight strong options on the table, the best approach is to match the product to your specific goal rather than chasing the single highest headline number.

• Want a high standard rate with no spending missions? Tonik's Solo Stash and Group Stash pay 3.25% p.a. (Group Stash reaches 3.75% only with the owner plus at least two participants), and BanKo's PondoKo SEME and TODO Savings accounts pay 5% p.a. on balances of ₱5,000 to ₱1,000,000. Tonik's flagship Account now pays only 0.10% p.a.
• New to Maya? Its November 1–30, 2026 sign-up offer can lift your first month to up to 15% on up to ₱100,000 — a one-month boost, not an ongoing rate. Already a Maya user? Check the app for any boost currently available to you; Maya's October mission boosts are not confirmed for November.
• Have a large balance above ₱1,000,000? MariBank's upper tier kicks in above ₱1M, or consider a Salmon Bank time deposit — a ₱1,000,000+ placement on a 1–5 year term qualifies for its promotional up-to-8% p.a. rate for funds you don't need immediately.
• Want simple rates with no missions or lock-ins? UNO Digital Bank pays 3.50% p.a. on the whole balance from ₱5,000 up to just under ₱5,000,000 (3.00% below ₱5,000; 1.00% at ₱5,000,000 and above), with zero-fee PESONet transfers to other banks and e-wallets. Like every PDIC-member bank, deposits are insured up to ₱1,000,000 per depositor.
• Want to lock funds away for maximum yield? Salmon Bank's up-to-8% p.a. time deposit (promotional, for qualifying ₱1M+ placements on 1–5 year terms) is the strongest fixed-term option available. Just make sure the funds you deposit are genuinely surplus — money you won't need before the term ends.
• Self-employed or running a small business? BanKo's PondoKo SEME account is built with your financial patterns in mind, paying 5% p.a. on balances of ₱5,000 to ₱1,000,000 on a platform designed for micro-entrepreneurs.

One of the most powerful and underused strategies is holding accounts at multiple digital banks simultaneously. This is completely legal and widely practiced by financially savvy Filipinos. By splitting a balance above the ₱1,000,000 insured limit across two banks — say ₱1,000,000 in Tonik and ₱1,000,000 in UNO — you maximize both yield and PDIC protection on the full amount. There is no rule that says you can only have one digital bank account, and the app-based nature of these institutions makes managing multiple accounts far less cumbersome than it sounds.

Before you transfer a single peso, take five minutes to read the product's terms and conditions on the bank's official website or app. Specifically look for: lock-in periods and early withdrawal penalties, how and when interest is computed and credited, any fees for exceeding a certain number of withdrawals per month, and whether the advertised rate is a promotional rate with an expiry date. A small investment of time upfront can prevent unpleasant surprises later.

Important Disclaimers and What to Watch Out For

Digital bank interest rates in the Philippines are not fixed by law or regulation — each institution sets and adjusts its own rates, and they can change at any time, sometimes with very short notice. A rate that is 6.00% p.a. today could be revised downward next quarter. This is not unique to digital banks — traditional banks do the same — but because digital banks compete so aggressively on rate, movements tend to be more frequent. Always log into the app or check the official website to confirm the current rate before making a large deposit decision.

PDIC insurance protects your deposits up to ₱1,000,000 per depositor per bank. This means that if you have ₱1,500,000 in a single digital bank and that bank were to close, only ₱1,000,000 of your deposit would be insured — the remaining ₱500,000 would be at risk, subject to the PDIC claims and liquidation process. The practical solution, as mentioned above, is to spread large balances across multiple insured banks so that no single deposit exceeds the coverage limit.

Philippine deposit interest is subject to a 20% final withholding tax for regular residents, which is automatically deducted by the bank before interest is credited to your account. The rates quoted in this article are gross rates — your actual take-home interest will be 20% lower. For example, 4.50% p.a. gross becomes approximately 3.60% p.a. net after withholding tax. This applies equally to all banks, digital or traditional, so it does not change the relative ranking of products — but it is worth factoring into your expected earnings calculations.