Digital Banks With the Highest Interest Rates Right Now

If your savings account is earning 0.10% 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 3.50% 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. Most will quote you something between 0.10% and 1.00% per annum (p.a.). That means a ₱100,000 deposit earns as little as ₱100 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 fully licensed institutions offering 3%–8% p.a. on plain savings products.

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 ₱500,000 per depositor per bank if the institution were to close. One bank, UNO Digital Bank, extends that coverage to ₱1,000,000 per depositor, which is a meaningful differentiator for larger savers.

How We Compared These Digital Banks

Not all high interest rates are created equal. A 15% p.a. headline rate that only applies to ₱25,000 of your balance and requires you to complete monthly spending tasks 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 at /rates/savings-rates/best-digital-bank-rates-philippines.

Tonik Bank — Best Flat, No-Condition Rate (Up to 6.00% p.a.)

Tonik Bank holds the top spot for savers who want the highest guaranteed rate with absolutely no strings attached. Its flagship Tonik Account pays a flat 6.00% p.a. on your balance — no spending requirements, no promotional periods, no balance caps on the standard account. For a ₱100,000 deposit, that translates to roughly ₱6,000 in gross annual interest, or around ₱500 per month. At a traditional bank paying 0.25%, the same deposit would earn only ₱250 for the entire year.

Beyond the flagship account, Tonik also offers goal-based Stash products: a Solo Stash at 4.00% p.a. for individual savings goals (say, a travel fund or emergency fund) and a Group Stash at 4.50% p.a. that lets multiple people — friends, family, or a barkada — pool money toward a shared objective. Interest on all Tonik products is credited daily.

The main caveat with Stash products is that funds are typically locked until you reach your target amount or goal date. Withdrawing early may disrupt the interest accrual, so these are better thought of as structured savings vehicles than liquid accounts. The flagship Tonik Account, however, does not carry this restriction and remains the cleanest high-rate savings product currently available from a Philippine digital bank.

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

Maya Bank commands attention with its 15% p.a. headline rate — 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 3.5% p.a. The boosted rate of up to 15% p.a. is layered on top through monthly 'spending missions' — specific transaction targets you must complete using the Maya app, such as paying bills, buying load, or making a minimum number of purchases. When you complete these missions, a boosted interest rate applies — but only to a capped portion of your balance. Funds above that cap earn the base rate, not the boosted rate.

This structure is not inherently unfair — Maya is essentially rewarding its most active users. But it means the 15% figure is a promotional rate, not a passive savings rate. If you already use Maya as your primary spending wallet and habitually tap-to-pay at 7-Eleven or pay utility bills through the app, completing these missions is effortless and the boosted earnings are genuinely attractive. If you are opening a Maya account purely for the interest and don't plan to transact regularly, you will likely end up on the 3.5% base rate — still decent, but not the headline number.

The key takeaway: Maya's 15% p.a. should not be compared side-by-side with Tonik's 6.00% p.a. as if they were equivalent products. One is conditional and capped; the other is flat and uncapped. Active Maya users, however, can genuinely capture significant interest income if they are disciplined about their missions each month.

GoTyme Bank — Straightforward 4%–5% p.a.

GoTyme Bank sits in the sweet spot for savers who want a competitive, no-nonsense rate alongside practical everyday banking features. GoTyme offers savings rates in the 4%–5% p.a. range with interest credited daily and no maintaining balance requirement. There are no spending missions, no balance caps, and no confusing tier structures — you deposit, you earn.

GoTyme's standout feature is its physical onboarding option: kiosks located inside Robinsons malls across the country allow you to open an account and receive a physical debit card on the spot, in minutes. This makes it particularly accessible for Filipinos who are hesitant about fully app-based onboarding. Free transfers to other banks round out a solid package for everyday use.

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 — Up to 5% p.a. on Promotional Terms

CIMB Bank Philippines offers promotional savings rates of up to 5% p.a., making it one of the more competitive players in the market. 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 a higher interest rate immediately. There is no maintaining balance and select interbank transfers are free.

The promotional nature of CIMB's top rates is worth noting — rates may be tiered or time-limited, so always check the current rate in the app before depositing. That said, CIMB has consistently maintained competitive rates since launching in the Philippines, and 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. with ₱1M PDIC Coverage

UNO Digital Bank may not lead the pack on headline rates, but it earns its place on this list with a feature no other digital bank in the Philippines currently matches: PDIC deposit insurance of up to ₱1,000,000 per depositor — double the standard ₱500,000 limit. For anyone with a savings balance approaching or exceeding half a million pesos, this is a genuinely significant safety net.

On the rates side, UNO pays a flat 3.50% p.a. for balances of ₱5,000 and above, and 3.00% p.a. for balances below that threshold. These are unconditional, flat rates — no missions, no lock-ins on the regular savings product. UNO also offers Time Deposit accounts paying up to 3.15% p.a. for fixed-term placements, along with zero-fee PESONet transfers to other banks and e-wallets, which makes it useful for people who move money between institutions frequently.

UNO is the right choice for depositors who prioritize protection over maximum yield — particularly those who want to park ₱500,000 to ₱1,000,000 somewhere safe without worrying about whether their full deposit is covered in a worst-case scenario.

MariBank — Tiered Rates Up to 3.75% p.a.

MariBank, backed by Sea Group — the Singapore-based parent company of Shopee and GCash minority investor — brings a clean, digital-first banking experience to the Philippine market. Its savings product uses a tiered interest structure: balances up to ₱1,000,000 earn 3.25% p.a., while balances above that threshold earn the higher rate of 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 is the most compelling option in the Philippine digital banking space right now. Salmon Bank offers time deposit rates of up to 8% p.a. — the highest fixed-term rate from any BSP-licensed digital bank as of mid-2026.

To put that in peso terms: ₱200,000 locked in a Salmon Bank time deposit at 8% p.a. for one year would generate ₱16,000 in gross interest before the 20% final withholding tax that applies to deposit interest in the Philippines. After tax, that is approximately ₱12,800 — still far better than what most traditional bank products can offer on the same amount.

The key trade-off is liquidity. Time deposits are locked for a defined term, and withdrawing early typically means forfeiting some or all of the accrued interest — so this is not the right vehicle for your emergency fund. It is, however, an excellent option for funds you know you will not need for three, six, or twelve months: a bonus you plan to use for a vacation next year, a tuition payment due in the next semester, or a business capital fund you are building incrementally. Account opening is fully digital with no video calls or branch visits required.

PondoKo — Up to 5% p.a. on SEME Accounts

PondoKo targets a demographic that is often underserved by mainstream digital banks: micro-entrepreneurs, sari-sari store owners, freelancers, and small business operators. Its special SEME (Savings for Every Micro-Entrepreneur) accounts can earn up to 5% p.a., putting it on par with CIMB and GoTyme for rate competitiveness, with a product specifically designed around the cash flow patterns of small business owners.

The platform features free transfers, 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 digital banks covered in this article. For a full live rates table with current promotions and updated figures, visit /rates/savings-rates/best-savings-interest-rates-philippines.

1. 1.Tonik Bank — Top Rate: 6.00% p.a. | Conditional: No | Balance Cap: None | PDIC Coverage: ₱500,000 | Best For: Highest flat, unconditional savings rate
2. 2.Maya Bank — Top Rate: 15% p.a. | Conditional: Yes (spending missions) | Balance Cap: Capped portion only | PDIC Coverage: ₱500,000 | Best For: Active Maya spenders who hit monthly missions
3. 3.GoTyme Bank — Top Rate: 4–5% p.a. | Conditional: No | Balance Cap: None | PDIC Coverage: ₱500,000 | Best For: Simple unconditional rate with mall kiosk onboarding
4. 4.CIMB Bank PH — Top Rate: 5% p.a. | Conditional: Promotional | Balance Cap: Varies | PDIC Coverage: ₱500,000 | Best For: GCash users wanting high yield without a separate app
5. 5.UNO Digital Bank — Top Rate: 3.50% p.a. | Conditional: No | Balance Cap: None | PDIC Coverage: ₱1,000,000 | Best For: Depositors prioritizing maximum PDIC protection
6. 6.MariBank — Top Rate: 3.75% p.a. | Conditional: Tiered (above ₱1M) | Balance Cap: Upper tier requires ₱1M+ | PDIC Coverage: ₱500,000 | Best For: Higher-balance savers above ₱1,000,000
7. 7.Salmon Bank — Top Rate: 8% p.a. | Conditional: Time deposit lock-in | Balance Cap: None stated | PDIC Coverage: ₱500,000 | Best For: Savers who can lock funds for maximum fixed-term yield
8. 8.PondoKo — Top Rate: 5% p.a. | Conditional: SEME account type | Balance Cap: None stated | PDIC Coverage: ₱500,000 | Best For: Micro-entrepreneurs and self-employed individuals

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 the highest flat rate with zero effort? Tonik Bank at 6.00% p.a. is the clear front-runner. There are no missions to complete and no balance caps to worry about on the flagship account.
• Already an active digital spender? Maya Bank's monthly missions may be worth pursuing. If paying bills, buying load, and making purchases through Maya is already your habit, the boosted rate becomes accessible and the extra interest is real money.
• Have a large balance above ₱1,000,000? MariBank's upper tier kicks in above ₱1M, or consider splitting the excess into a Salmon Bank time deposit at 8% p.a. for funds you don't need immediately.
• PDIC coverage is your top priority? UNO Digital Bank's ₱1,000,000 coverage is the only offering of its kind among Philippine digital banks. If your savings balance is between ₱500,000 and ₱1,000,000, UNO gives you complete coverage on the full amount.
• Want to lock funds away for maximum yield? Salmon Bank's 8% p.a. time deposit 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? PondoKo's SEME account is built with your financial patterns in mind, offering up to 5% p.a. 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 ₱1,000,000 across two banks — say ₱500,000 in Tonik and ₱500,000 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 ₱500,000 per depositor per bank (or ₱1,000,000 at UNO). This means that if you have ₱800,000 in a single digital bank and that bank were to close, only ₱500,000 of your deposit would be insured — the remaining ₱300,000 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, 6.00% p.a. gross becomes approximately 4.80% 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.