Best Digital Bank Interest Rates in the Philippines (2026)
Digital banks in the Philippines pay 10–20× more than a regular passbook savings account — often 5.00% p.a. versus about 0.25% at a big traditional bank. Here are the highest rates right now, compared net after the 20% withholding tax, with PDIC coverage — so you can see what actually lands in your account.
As of August 2026 · PDIC-insured up to ₱1,000,000 per bank · Indicative base rates — confirm the live rate with each bank before moving money.
| Digital bank | Rate (p.a.) | Net after 20% tax | Access |
|---|---|---|---|
| BanKo TODO SavingsHighest mainstream base rate; applies to balances ₱5,000–₱1,000,000. | 5.00% | ≈ 4.00% | Withdraw anytime |
| SeaBankHigh-yield savings with daily interest crediting; rate is promo-sensitive. | 4.50% | ≈ 3.60% | Daily interest |
| DiskarTech4.00% p.a. on eligible balances (up to ~₱49,700 on a Full BDA). | 4.00% | ≈ 3.20% | Withdraw anytime |
| Tonik (Solo Stash)Solo Stash goal saver; a Group Stash can reach 4.50% p.a. | 4.00% | ≈ 3.20% | Goal-based |
| OwnBank (Own It)Own It base rate. | 3.80% | ≈ 3.04% | Daily interest |
| MariBank3.25% p.a. up to ₱1M (a higher tier applies above ₱1M). | 3.25% | ≈ 2.60% | Withdraw anytime |
| Maya SavingsBase rate; higher promo rates need missions or monthly spend. | 3.00% | ≈ 2.40% | Withdraw anytime |
| GoTyme (Go Save)3.00% p.a. with no missions or spend requirements. | 3.00% | ≈ 2.40% | Withdraw anytime |
| UNO Digital BankBase 3.00%; up to 3.50% keeping ₱5,000+ daily. UNO time deposits run higher. | 3.00% | ≈ 2.40% | Daily interest |
How to actually choose a digital bank
- Compare the NET rate, not the headline. Peso deposit interest is taxed 20% at source, so a 5.00% rate is really about 4.00% in your pocket. Every rate above is shown net too.
- Respect the ₱1M PDIC cap. Deposits are insured up to ₱1,000,000 per depositor, per bank. If you have more, split it across two or three banks so every peso stays protected if a bank ever closes.
- Base rate vs promo rate. Some banks advertise eye-catching rates (e.g. up to 15%) that only apply to a small capped balance or require monthly spend/missions. The table above uses the base rate that applies to normal balances.
- Keep your emergency fund liquid. A high-yield savings account lets you withdraw anytime — perfect for your 3–6 month emergency fund. Lock money into a time deposit or MP2 only if you truly won't need it.
Digital savings vs time deposit vs Pag-IBIG MP2
Higher rates usually mean less access. Here's the trade-off for money you can lock up:
- High-yield digital savings (4.00%–2.40% net): withdraw anytime. Best for your emergency fund and short-term cash.
- Time deposit (higher, fixed term): locks your money 30 days to 1 year for a slightly better rate. Good for money with a known date.
- Pag-IBIG MP2 (7.12% tax-free for 2025): the highest of the three and tax-free, but locks funds for 5 years. Best for long-term, set-and-forget savings — not your emergency fund.
Not sure which fits your money? Build a free Game Plan to compare the net numbers side by side, or run a projection to see your 20-year peso path.
How much more could you earn?
Say you keep ₱200,000 in a 3% digital bank. Moving it to a 5.00% bank like BanKo earns roughly ₱4,000 more per year — for the same PDIC protection and the same instant access. Over several years, that compounds into a real difference with zero extra risk.
Track your accounts free in the Money Map → and PesoPilot will flag exactly which of your balances could be earning more.
See the exact net interest on your balance: ₱100,000, ₱500,000, or every amount from ₱10,000 to ₱1,000,000.
Frequently asked questions
Are digital banks safe in the Philippines?
Yes — the digital banks listed here are licensed by the Bangko Sentral ng Pilipinas (BSP) and insured by the PDIC up to ₱1,000,000 per depositor, per bank, the same protection as traditional banks. If you keep more than ₱1M, split it across banks so every peso stays covered.
Why are digital bank interest rates so much higher than BDO or BPI?
Digital banks have no branch network, so they pass the savings on as higher deposit rates to attract customers. A regular passbook savings account at a big traditional bank often earns around 0.25% p.a., while a digital bank can pay 3%–5% p.a. — over 10x more on the same balance.
Do I pay tax on digital bank interest?
Yes. Interest on peso bank deposits is subject to a 20% final withholding tax, which the bank deducts automatically. So a 5% gross rate is about 4% net after tax. PesoPilot always compares the NET rate so you see what actually lands in your account.
Is a high-yield savings account better than a time deposit or MP2?
It depends on when you need the money. A high-yield digital savings account stays liquid (withdraw anytime) — ideal for your emergency fund and short-term cash. A time deposit locks your money for a fixed term for a slightly higher rate, and Pag-IBIG MP2 pays a tax-free dividend (7.12% for 2025) but locks funds for 5 years. Keep your emergency fund liquid first, then consider locked options for money you won't touch.
How much more could I earn by switching?
On ₱200,000, moving from a 3% bank to a 5% bank is about ₱4,000 more per year (₱40,000 vs ₱10,000 over the life of the balance is even larger). Use PesoPilot's free Money Map — it flags cash that's sitting in a lower-rate bank and shows the exact peso difference, safely (same PDIC cover, same liquidity).
Free PesoPilot tools
- Investment Projection Simulator — model MP2, digital banks, and funds over 20 years.
- PH Money Health Check — a 2-minute score of your savings, debt, and protection.
- Money Game Plans — compare time deposit, 13th-month, debt payoff, and more.
- Take-Home Pay Calculator — see your real net salary after SSS, PhilHealth, and tax.
Educational only — not financial advice, not an offer, and not guaranteed. Rates are indicative base rates as of August 2026 and change often by promo and tier; confirm the live rate with each bank before depositing. Interest shown net reflects the 20% final withholding tax on peso bank deposits.
Create a free PesoPilot account to track your money, get your Financial Health Score, and see your next best money move — built for the Philippines.
Get free Filipino money guides by email
Practical PH money tips + rate updates, straight to your inbox. No spam, unsubscribe anytime.