Which bank has the highest savings interest rate in the Philippines in 2026?

As of late September 2026, digital banks offer the highest savings interest rates in the Philippines. Maya advertises the highest promotional rate — up to 15% p.a. on Maya Savings — but only on a balance of up to ₱100,000, only by completing monthly missions, and the top 13%–15% tiers are for select users; the unconditional base is 3% p.a. Maya's separate Personal Goals promo (for goals opened October 1 – December 31, 2026) pays 4% to 8% p.a. by ₱20,000 slice, with each rate applying only to the portion of the balance in that slice — about 5.6% p.a. blended on a full ₱100,000 goal — and that promo period ends December 31, 2026. Among standard (non-promotional) rates in our list, Tonik's Group Stash pays 4.5% p.a. when saving with at least 2 other participants (4.0% on your own) and Solo Stash 4% p.a., followed by MariBank (formerly SeaBank) at 3.25% p.a. (3.75% only on the portion above ₱1M) and GoTyme GoalSave at 3% p.a. Other digital banks that publish rates mainly in-app, such as OwnBank, UNO Digital Bank, and NetBank, are covered on our digital bank rates page rather than in this list. Tonik cut its plain Tonik Account to 1% p.a. effective June 5, 2026. Traditional-bank savings rates are far lower: BDO, BPI, and Metrobank regular savings currently publish 0.0625% p.a. (BPI #SaveUp 0.0925%, Maxi-Saver 0.125%). Rates change frequently, so always verify directly with the bank.

What is a good savings interest rate in the Philippines?

A good savings interest rate in the Philippines is generally anything above 3% p.a. for a standard (non-promotional) rate. Traditional-bank regular savings rates are often well below 1% p.a. — several major banks currently publish around 0.0625% p.a. — which does not keep up with inflation. Digital banks offering 3%–5% p.a. are considered strong, especially if the rate is standard rather than promotional. For higher fixed returns, consider time deposits or Pag-IBIG MP2.

What is the best savings interest rate in the Philippines?

The best advertised savings rate can change depending on promotions, conditions, and bank updates. That is why it is better to compare both the headline rate and the actual account requirements instead of choosing based on percentage alone.

Are higher savings rates always better?

Not always. A higher rate may be promotional, conditional, or harder to maintain. It is important to compare access, stability, minimum balance requirements, and account conditions too.

What is the difference between a promo rate and a regular rate?

A promo rate is usually temporary or tied to conditions such as spending, balance tiers, or limited campaigns. A regular rate is typically more stable and easier to compare over time.

Do I need a minimum balance to earn interest?

That depends on the account. Some accounts require a maintaining or qualifying balance, while others are more flexible. Always check the product rules before opening the account.

Are savings interest rates taxed in the Philippines?

Yes. Interest income from peso deposit accounts is generally subject to a 20% final withholding tax, so the actual return you receive is lower than the gross advertised rate. A 5% p.a. gross rate is roughly 4% p.a. after tax.

Should I choose a savings account or a time deposit?

A savings account is usually better if you want easier access to your funds. A time deposit may be better if you can lock in your money for a fixed term and are comfortable with lower liquidity.

Savings Account Interest Rates in the Philippines: Full List

A full list of savings account interest rates from Philippine digital and traditional banks, with promo conditions, minimum balance requirements, and estimated interest earnings.

Updated September 28, 2026

Deciding which account to open? Read our guide to choosing the best savings account in the Philippines. Looking for the highest rates? Compare high-yield savings accounts from digital banks.

What Is a Savings Rate?

A savings rate is the annual interest a bank pays you for keeping money in a savings account. In the Philippines, savings rates are expressed as a percentage per annum (p.a.) — for example, a 5% p.a. rate means you earn roughly ₱5,000 per year on a ₱100,000 deposit. Rates vary widely between banks: traditional-bank regular savings rates are often well below 1% p.a. — several major banks currently publish around 0.0625% p.a. — while digital banks may offer 3%–5% p.a. or higher through promotional rates.

The table below lists savings interest rates from both traditional and digital banks in the Philippines as a reference for comparing accounts.

Highest Savings Interest Rates in the Philippines

These are not universal winners. They are starting points based on the highest advertised yield.

Maya

15.00%

per annum

Personal Savings

Promo rate · No min. balance

Maya

8.00%

per annum

Personal Goals

Promo rate · No min. balance

Promo ends December 31, 2026

Tonik Bank

4.50%

per annum

Group Stash

Standard rate · No min. balance

Savings Account Comparison Table

Compare savings account options using the factors that matter most in real use, not just the highest advertised yield.

Use this table to compare both the advertised return and the practical tradeoffs of each account. A higher rate may come with promo conditions, limited duration, or account requirements.

Savings account interest rates from Philippine banks, compared by bank and rate.
Bank	Product	Headline Rate	Promo or Standard	Min. Balance	Liquidity / Access	Best For	Notes
Maya	Personal Savings	15.00%	Promo	None	App-based transfers	Highest promo rate (missions required)	Maya Savings. Unconditional base rate is 3% p.a. (Maya states the 3% base, credited daily, starting April 1, 2026; previously 3.5%). The 15% is a conditional promotional maximum, not the standard rate: monthly missions (bills/load, stocks/funds, QR or card payments, Maya Easy Credit, in-store card purchases, total qualifying spend) step the rate up from 5% p.a.; the top 13% and 15% tiers are for select users only (e.g. Maya Personal Loan approval, Maya Black/Landers credit card, or Maya Payroll). Boosts last until the end of the calendar month earned. Bonus interest applies only to a balance of up to ₱100,000; the excess earns the 3% base. PDIC-insured up to ₱1,000,000 per depositor. Formerly PayMaya. Separate from Maya Personal Goals (a distinct product; see below).
Maya	Personal Goals	8.00%	Promo	None	App-based transfers	Goal-based promo savings (promo ends Dec 31, 2026)	SEPARATE product from Maya Savings — not the Maya Savings account or its missions/boosts. Promo for Personal Goals opened October 1 – December 31, 2026 (the window Maya's promo page shows as of September 30, 2026; an earlier window covered goals opened July 1 – September 30, 2026). Eligibility: an upgraded Maya account with Maya Savings. Rates are marginal by ₱20,000 slice — each rate applies only to the portion of the balance within its range, not to the whole balance: 4% p.a. (₱0.01–₱20,000), 4.5% (₱20,000.01–₱40,000), 5% (₱40,000.01–₱60,000), 6.5% (₱60,000.01–₱80,000), 8% (₱80,000.01–₱100,000). The 8% applies only to the ₱80,000.01–₱100,000 slice and is not a permanent or universal rate; a full ₱100,000 goal earns about 5.6% p.a. blended. Interest applies to up to ₱100,000 per Personal Goal — balances above ₱100,000 per goal earn no interest; up to 5 Personal Goals per user within the promo period. Interest is computed daily on the end-of-day balance and credited on the 1st of the following month. The promo period ends December 31, 2026. Maya's page does not state what rate applies after that, nor whether goals opened in the July – September window keep promo rates after September 30, 2026 — check the Maya app. PDIC-insured up to ₱1,000,000 per depositor.
Tonik Bank	Group Stash	4.50%	Standard	None	App-based transfers	Collaborative/group savings goals	Group savings stash: 4.0% p.a. on end-of-day balance, or 4.5% p.a. only when the owner saves with at least 2 other participants toward a shared goal. The 4.5% headline therefore needs a group; saving alone earns 4.0%. PDIC-insured up to ₱1,000,000 per depositor.
Tonik Bank	Solo Stash	4.00%	Standard	None	App-based transfers	Goal-based solo savings	Individual stash savings product at 4.0% p.a. on end-of-day balance. PDIC-insured up to ₱1,000,000 per depositor.
MariBank	Regular Savings	3.25%	Standard	None	App-based transfers	Everyday digital savings	Formerly SeaBank Philippines. 3.25% p.a. on balances up to ₱1M (effective January 15, 2026); 3.75% p.a. applies only to the portion of the balance above ₱1M, not the whole balance. No maintaining balance; interest credited daily. BSP-licensed digital bank backed by Sea Group (Shopee). PDIC-insured up to ₱1,000,000 per depositor.
GoTyme	GoalSave	3.00%	Standard	None	App + kiosk withdrawals	Low minimum balance	GoalSave (called Go Save in older GoTyme materials): 3% p.a. flat, interest added daily, with no minimum balance, spend requirement, or savings limit; up to 5 GoalSaves per depositor. Rate cut to 3% p.a. from 3.5% effective January 1, 2026. Joint venture of Gokongwei Group and Tyme Group. PDIC-insured up to ₱1,000,000 per depositor.
CIMB	GSave / UpSave	2.30%	Standard	None	App + GCash integration	Low minimum balance	GSave/UpSave base rate 2.30% p.a. (GSave/Grow effective June 1, 2026; UpSave effective August 1, 2026) — the standard rate shown here. GCash partner bank. Separately, the conditional Earn More promo adds a bonus of up to 1.85% p.a. (up to 4.15% p.a. total) only on the first ₱100,000 of ADB growth versus the previous month; that promo runs through October 31, 2026 (CIMB's promo page, checked September 30, 2026, shows the June 1–30 promo extended until October 31, 2026). Higher rates are also available via CIMB Prime with ADB-growth conditions. PDIC-insured up to ₱1,000,000 per depositor.
Tonik Bank	Tonik Account	1.00%	Standard	None	App-based transfers	Everyday digital wallet savings	Regular savings account at 1.0% p.a. on end-of-day balance (cut from 6% effective June 5, 2026). For higher yields, Tonik's Stash products (4%–4.5%) or time deposits (up to 5.0% on the 6-month term, with the ₱10,000 ADB bonus) are stronger. Time deposits are compared on the time-deposit page, not in this savings list.
BPI	Maxi-Saver	0.125%	Standard	₱2,000,000	Branch + ATM + app	High-balance peso savings	BPI Maxi-Saver peso savings account. Available in Debit Card and Passbook variants. Additional 0.125% bonus p.a. if no withdrawal within a month. Interest credited monthly. High ₱2,000,000 opening/maintaining requirement.
BPI	#SaveUp	0.0925%	Standard	NoneEarns interest from ₱5,000	Branch + ATM + app	Digital peso savings with no maintaining balance	BPI #SaveUp peso savings (Debit Card). Maintaining balance requirement waived starting July 2023. A ₱5,000 balance is required before the account earns interest.
BPI	#MySaveUp	0.0925%	Standard	NoneEarns interest from ₱5,000	Branch + ATM + app	Digital peso savings with no maintaining balance	BPI #MySaveUp peso savings (Debit Card). Maintaining balance requirement waived starting June 2023. A ₱5,000 balance is required before the account earns interest.
BDO	Passbook Savings	0.0625%	Standard	₱10,000	Branch + ATM + app	Traditional bank users	BDO Unibank Passbook Savings (not BDO Network Bank). Gross interest 0.0625% p.a. Opening deposit ₱5,000; minimum monthly ADB ₱10,000; a ₱10,000 balance is required to earn interest. Largest bank in the Philippines by assets.
BPI	Regular Savings	0.0625%	Standard	₱3,000Earns interest from ₱5,000	Branch + ATM + app	Traditional bank users	BPI Regular Savings. Gross interest 0.0625% p.a. Opening deposit ₱3,000 and minimum monthly ADB ₱3,000, but a ₱5,000 daily balance is required before the account earns interest. One of the oldest banks in the Philippines.
BPI	Jumpstart Savings	0.0625%	Standard	₱1,000Earns interest from ₱2,000	Branch + ATM + app	Youth/starter peso savings	BPI Jumpstart peso savings (Debit Card) aimed at young savers. Opening deposit ₱100 and ₱1,000 maintaining balance (waived for one year for accounts opened from March 16, 2012); a ₱2,000 balance is required before the account earns interest.
BPI	Saver-Plus	0.0625%	Standard	₱3,000Earns interest from ₱50,000	Branch + ATM + app	General peso savings	BPI Saver-Plus peso savings. Opening deposit ₱3,000 and ₱3,000 maintaining balance; a ₱50,000 daily balance is required before the account earns interest.
Metrobank	Regular Savings with Passbook	0.0625%	Standard	₱10,000	Branch + ATM + app	Traditional bank users	Metrobank Regular Savings Account with Passbook (verified against the official Metrobank Passbook product page). Gross interest 0.0625% p.a. Opening deposit ₱10,000, minimum maintaining balance ₱10,000, and ₱10,000 required to earn interest. This is the Passbook product — the separate Regular Savings with Debit Card has lower (₱2,000) opening/maintaining requirements; the two must not be mixed. Major universal bank with nationwide coverage.

Rates, terms, and product details may change. Always verify the latest information directly with the bank before opening an account or moving funds.

Where each rate comes from

Maya Personal Savings: official bank page (checked September 28, 2026)
Maya Personal Goals: official bank page (checked September 30, 2026)
Tonik Bank Group Stash: official bank page (checked September 28, 2026)
Tonik Bank Solo Stash: official bank page (checked September 28, 2026)
MariBank Regular Savings: official bank page (checked September 28, 2026)
GoTyme GoalSave: official bank page (checked September 28, 2026)
CIMB GSave / UpSave: official bank page (checked September 30, 2026)
Tonik Bank Tonik Account: official bank page (checked September 28, 2026)
BPI Maxi-Saver: official bank page (checked September 28, 2026)
BPI #SaveUp: official bank page (checked September 28, 2026)
BPI #MySaveUp: official bank page (checked September 28, 2026)
BDO Passbook Savings: official bank page (checked September 28, 2026)
BPI Regular Savings: official bank page (checked September 28, 2026)
BPI Jumpstart Savings: official bank page (checked September 28, 2026)
BPI Saver-Plus: official bank page (checked September 28, 2026)
Metrobank Regular Savings with Passbook: official bank page (checked September 28, 2026)

How Much Interest Can You Earn?

Compare estimated earnings across every account at once, or switch to a single account for a detailed breakdown. Enter your deposit and holding period, then filter by account type or rate type and toggle the tax assumption.

Deposit amount

Holding period (months)

Account type

Rate type

Tax assumption

Top option: Maya — Personal Savings at 15.00% p.a. — about ₱7,500.00 gross interest over 12 months (before the 20% withholding tax).

Account	Rate	Est. monthly interest	Est. annual interest	After-tax annual	Conditions
MayaPersonal Savings	15.00%blended · 15.00% on first ₱100,000, 3.00% above	₱500.00	₱6,000.00	₱6,000.00	Promo rate · No min. balance · Highest promo rate (missions required)
Tonik BankGroup Stash	4.50%	₱150.00	₱1,800.00	₱1,800.00	Standard rate · No min. balance · Collaborative/group savings goals
MayaPersonal Goals	4.40%blended · up to 8.00%	₱146.67	₱1,760.00	₱1,760.00	Promo rate · No min. balance · Goal-based promo savings (promo ends Dec 31, 2026)
Tonik BankSolo Stash	4.00%	₱133.33	₱1,600.00	₱1,600.00	Standard rate · No min. balance · Goal-based solo savings
MariBankRegular Savings	3.25%blended · 3.25% up to ₱1,000,000, 3.75% above	₱108.33	₱1,300.00	₱1,300.00	Standard rate · No min. balance · Everyday digital savings
GoTymeGoalSave	3.00%	₱100.00	₱1,200.00	₱1,200.00	Standard rate · No min. balance · Low minimum balance
CIMBGSave / UpSave	2.30%	₱76.67	₱920.00	₱920.00	Standard rate · No min. balance · Low minimum balance
Tonik BankTonik Account	1.00%	₱33.33	₱400.00	₱400.00	Standard rate · No min. balance · Everyday digital wallet savings
BPI#SaveUp	0.0925%	₱3.08	₱37.00	₱37.00	Standard rate · No min. balance · Digital peso savings with no maintaining balance
BPI#MySaveUp	0.0925%	₱3.08	₱37.00	₱37.00	Standard rate · No min. balance · Digital peso savings with no maintaining balance
BDOPassbook Savings	0.0625%	₱2.08	₱25.00	₱25.00	Standard rate · Min. ₱10,000 · Traditional bank users
BPIRegular Savings	0.0625%	₱2.08	₱25.00	₱25.00	Standard rate · Min. ₱3,000 · Traditional bank users
BPIJumpstart Savings	0.0625%	₱2.08	₱25.00	₱25.00	Standard rate · Min. ₱1,000 · Youth/starter peso savings
BPISaver-Plus	0.0625%	₱2.08	₱25.00	₱25.00	Standard rate · Min. ₱3,000 · General peso savings
MetrobankRegular Savings with Passbook	0.0625%	₱2.08	₱25.00	₱25.00	Standard rate · Min. ₱10,000 · Traditional bank users
BPIMaxi-Saver	0.00%Requires at least ₱2,000,000 balance to earn interest	₱0.00	₱0.00	₱0.00	Standard rate · Min. ₱2,000,000 · High-balance peso savings

Estimates use simple interest on the deposit amount. Promo rates may require conditions or apply only up to a balance cap, so actual earnings can differ. Accounts with a minimum balance to earn interest show ₱0 below it; above it, the estimate assumes the entered balance satisfies the bank's qualifying-balance rules (e.g. daily or average daily balance). Switch to Single account estimate for a detailed breakdown of one account.

Promo Rates vs Standard Rates

Some banks advertise high promotional yields that may depend on spending activity, time-limited offers, balance tiers, or other conditions. Others offer lower but simpler rates that are easier to understand and maintain.

If you want a simpler savings setup, do not compare headline rates alone. Check whether the rate is promotional, conditional, or more stable over time.

A promo rate may be useful if:

you are willing to track changing requirements
you actively use the bank's app or ecosystem
you are comfortable moving funds when promos change

A more standard rate may be better if:

you prefer a simpler long-term setup
you do not want to monitor promo mechanics often
you value consistency more than headline yield

Savings Interest Tax in the Philippines

Savings interest rates are often shown as gross rates. In the Philippines, interest income from deposit accounts is generally subject to withholding tax, which means your effective return may be lower than the advertised figure.

5.00%

gross rate

20% tax

≈ 4.00%

after withholding tax

6.00%

gross rate

20% tax

≈ 4.80%

after withholding tax

10.00%

gross rate

20% tax

≈ 8.00%

after withholding tax

Use gross rates for comparison, but keep after-tax return in mind when deciding where to park your money.

Digital Banks vs Traditional Banks

Digital banks may offer higher advertised savings rates, app-first convenience, and lower minimum balance requirements. Traditional banks may offer broader branch access, more familiar service models, and easier integration with existing accounts.

Digital banks may suit you if:

you want stronger headline savings rates
you are comfortable managing money through an app
you prefer quick account setup and digital transfers

Traditional banks may suit you if:

you value branch access and in-person service
you already keep your main accounts with a traditional bank
you want a more familiar savings setup

The better option depends on how you plan to use the account, not just which one advertises the highest rate.

How to Choose the Right Savings Account

The right account depends on how you plan to use the money. A strong savings rate matters, but it should be considered together with access, requirements, and account purpose.

Before choosing an account:

choose flexibility for emergency funds
compare stable rates versus temporary promos
check minimum balance rules
confirm BSP licensing and PDIC coverage
avoid chasing yield if the account is hard to use
match the product to your savings goal

If the money is for emergencies or everyday use, easy access may matter more than the highest possible yield. If the funds are parked for a short period, a stronger promotional rate may be worth considering if the conditions are manageable.

Savings Accounts with Low Maintaining Balance

Many digital banks in the Philippines now offer savings accounts with zero maintaining balance, making them accessible even for first-time savers. If you are looking for the cheapest savings account to open in the Philippines, digital banks like Maya, Tonik, GoTyme, and MariBank (formerly SeaBank) all allow you to start with no minimum deposit and no maintaining balance requirement.

Traditional-bank savings accounts in our list typically require a maintaining balance of ₱1,000–₱10,000 — for example ₱10,000 for BDO Passbook Savings and Metrobank Passbook, and ₱3,000 for BPI Regular Savings — with fees charged if your balance falls below. Some, like BPI #SaveUp, waive the maintaining balance but still require ₱5,000 before the account earns any interest. Check the comparison table above for each account's minimum and interest-earning balance.

Savings Account Options by Need

Start with the type of savings experience you want, not just the highest percentage.

Best for Highest Promo Rate

Best for users willing to track promo mechanics, qualifying conditions, and changing offers in exchange for a higher advertised yield.

Best for Everyday Digital Savings

Best for users who want a competitive savings rate with easy app-based access and fewer branch-related steps.

Best for Traditional Bank Users

Best for users who prefer established banks, branch access, or more familiar account structures.

Best for Low Minimum Balance

Best for users who want to start small, keep flexibility, or avoid maintaining a large balance.

Best for Parked Short-Term Cash

Best for users comparing where to place idle funds while keeping money relatively liquid.

How we compare savings accounts

PesoHub compares savings accounts using publicly available product information such as advertised interest rates, account type, minimum balance, access method, and notes about promo conditions. Rates and account details may change, so always verify the latest information with the bank directly.

Frequently Asked Questions

Related rates and guides

High-Interest Savings Accounts Guide

What Is a Savings Rate?

Best Digital Bank Rates

Time Deposit Rates & Calculator

Time Deposit Calculator

Savings Goal Calculator

Emergency Fund Calculator

Rates Hub

Source & freshness

Source

Rates: each bank's official product page (listed under the table) · Bank list: BSP directory of banks

Updated

September 28, 2026

Review cycle

Every 2 weeks

Interest rates shown are subject to change without prior notice. Rates are gross (before the 20% final withholding tax on interest income). Promotional rates may expire. Deposits are insured by PDIC up to ₱1,000,000 per depositor, per bank. Always verify the current rate directly with the bank before opening an account. This page is not affiliated with any bank listed.

Savings Account Interest Rates in the Philippines: Full List

What Is a Savings Rate?

Highest Savings Interest Rates in the Philippines

Savings Account Comparison Table

How Much Interest Can You Earn?

Promo Rates vs Standard Rates

A promo rate may be useful if:

A more standard rate may be better if:

Savings Interest Tax in the Philippines

Digital Banks vs Traditional Banks

Digital banks may suit you if:

Traditional banks may suit you if:

How to Choose the Right Savings Account

Savings Accounts with Low Maintaining Balance

Savings Account Options by Need

Best for Highest Promo Rate

Best for Everyday Digital Savings

Best for Traditional Bank Users

Best for Low Minimum Balance

Best for Parked Short-Term Cash

How we compare savings accounts

Frequently Asked Questions

What is a savings rate?

Which bank has the highest savings interest rate in the Philippines in 2026?

What is a good savings interest rate in the Philippines?

What is the best savings interest rate in the Philippines?

Are higher savings rates always better?

What is the difference between a promo rate and a regular rate?

Do I need a minimum balance to earn interest?

Are savings interest rates taxed in the Philippines?

Should I choose a savings account or a time deposit?

Related rates and guides

Source & freshness