(June 2025) List of Digital Banks With High Interest Rates in the Philippines
Updated June 02, 2025:
This post list down digital banks as those institutions that function as digital banks even if they are not officially categorized as Digital Banks by the central bank.
In 2020, then Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla approved recognizing “digital bank” as a new bank category in the Philippines.
Table of Contents
What is a Digital Bank in the Philippines
As defined by the BSP, a digital bank largely offers financial products and services that are processed end-to-end through a digital platform and/or electronic channels with minimal to no reliance on physical touchpoints. It could:
- grant loans
- accept savings and time deposits
- accept foreign currency deposits
- invest in readily marketable bonds and other debt securities, commercial papers and accounts receivable
- act as a correspondent for other financial institutions
- act as collection agent;
- issue electronic money products
- issue credit cards
- buy and sell foreign exchange
- present, market, sell and service microinsurance products
According to him, as the central bank looks to reach 50% of retail transactions shifting to digital, digital banks will play a role in promoting market efficiencies and offering more opportunities to Filipinos in terms of financial services.
And after months of application and tons of preparation, the monetary agency has approved six digital banks, namely GOtyme, UnionDigital, Overseas Filipino Bank, Tonik Bank, UNObank, and Maya Bank.
Fast forward to October 2022, and the BSP gave the green light for these six digital banks to start their full operations.
However, digital banks have begun to be associated with financial institutions with high interest rates. As such, we include them in this article.
Advantages of Digital Banks Than Traditional Banks?
One of the advantages of having a digital bank account is the fact that digital banks offer higher interest rates compared to traditional banks.
In an interview with popular Youtuber, food vlogger, and cook Ninong Ry, UnionDigial Bank Chief Executive Ubeh Henry Aguda shared that digital banks normally offer higher rates because they have lower operating costs than traditional banks.
Thus, instead of maintaining physical branches, paying rent, and hiring more staff, they will just lend the savings to their customers.
Moreover, he shared that their target market includes those who cannot go and transact with traditional banks during office hours, like market vendors and those who need to transact 24/7.
This led some individuals to store their funds in a digital bank rather than the traditional one. In fact, Statistica reported that a 2022 survey on consumer payment behavior showed that about 80% of Filipinos expressed their interest in trying digital banking, specially for paying bills and fund transfers.
The BSP also revealed that digital banks already reached 1.4 million transactions, amounting to ₱8.45 billion, for the first six months of 2022.
More than a year after the central bank’s green light, let us take a look at the interest rates of the six digital banks and other financial institutions that offer online banking services.
GOtyme
GOtyme is an affiliate of the Gokongwei Group and Singapore-based fintech firm Tyme Group.
| Interest Rate | – 3.5% per annum for Go Save Account – Up to 2.5% per annum for USD Time Deposit |
| Features | – Free debit card powered by Visa and BancNet. – No withdrawal fees in Robinson-affiliated stores and at select Robinsons Retail Brands. – Free bank transfers to select banks. (Limited monthly or weekly transactions) – Free deposit from select banks. (Limited monthly or weekly transactions) – Free OTC deposit from partner stores (2x per month only, 0.5% on succeeding transactions) – Points to Cash Redemption: Get a boost on Go Rewards points of up to three times when using the Visa debit card in participating Go Rewards partner stores. For every five Go Rewards points, users can redeem ₱4. |
| Requirements for Opening an Account | – Standard Philippine-issued ID – Mobile number – Personal details |
| June 2025 Promos | – PFF x GoTyme Bank Ticket Discount Promo: Enjoy up to 67% discount per transaction at the TicketMax website for the Philippines versus Tajikistan game on June 10, 2025 using the GoTyme debit card. Until June 7, 2025. – Ready, Jet Set, GoTyme It: Shop abroad using GoTyme Bank Visa debit card and earn up to 200 extra Go Rewards points. Until June 30, 2025. – Essential Rewards: Use the GoTyme debit card for local transactions at participating merchants, with a minimum spend of ₱110 per transaction, and get up to 88% Go Rewards points. Until June 30, 2025. – GoTyme x Agoda: Enjoy up to 8% off hotel bookings made on Agoda with GoTyme Bank Visa debit card. Until December 31, 2025 |
| Website | https://www.gotyme.com.ph/ |
| Facebook page | https://www.facebook.com/GoTymeBank |
| Available on | Apple App Store and Google Play Store |
| Contact Details | #GO8888 (#468888) https://www.gotyme.com.ph/contact-us/ |
UnionDigital
UnionDigital is the digital banking arm of the Union Bank of the Philippines.
| Interest Rate | – Up to 3.75% per annum for Savings Accounts – Up to 3.75% per annum for UD Time Deposit Account |
| Features | No transfer fees for PESONet transactions to other banks and e-wallets. |
| Requirements for Opening an Account | – One valid ID – Mobile number – Personal details |
| June 2025 Promos | – P1so Panalo Promo: Deposit at least ₱1 and maintain the balance until the end of the promo period to earn one e-raffle entry to get a chance to win up to ₱5,000. Until June 30, 2025. |
| Website | https://uniondigitalbank.io/en |
| Facebook Page | https://www.facebook.com/UnionDigitalBank |
| Available on | Apple App Store, Huawei App Gallery, and Google Play Store |
| Contact Details | help@uniondigitalbank.io (+632)8555-5207 |
Overseas Filipino Bank
Overseas Filipino Bank is a digital-only subsidiary of Land Bank of the Philippines.
| Interest Rate | – 0.05% per annum for Regular Debit Card, Visa Debit Card, and Visa Debit Beneficiary Card accounts with at least ₱500 balance. |
| Features | – No transfer fees to Land Bank of the Philippines accounts. – No transaction fees for bills payment – Free ATM withdrawal fee to Land Bank ATMs |
| Requirements for opening an account | – One valid ID – Selfie verification – Email address – Personal details |
| June 2025 Promos | – None |
| Website | https://ofbank.com.ph/ |
| Facebook page | https://www.facebook.com/OFBank |
| Available on | Apple App Store and Google Play Store |
| Contact Details | (+632) 8-405-7000 customer.care@mail.ofbank.com.ph |
Tonik
Tonik is a Singapore-based neo bank.
| Interest Rate | – 1% per annum for regular account – 4% per annum for solo stash – Up to 4.5% per annum for group stash – Up to 6% per annum for Time Deposit Accounts |
| Features | – No cash-out fees in InstaPay, PESONet, MasterCard ATMs, and local bank accounts. – Free InstaPay and PESONet cash-in fees on select bank accounts – Free virtual debit card (₱300 for physical debit card) |
| Requirements for Opening an Account | – One valid ID – Selfie verification – Personal details |
| June 2025 Promos | – None |
| Website | https://tonikbank.com/ |
| Facebook page | https://www.facebook.com/TonikBankPH |
| Available on | Apple App Store and Google Play Store |
| Contact Details | customercare@tonikbank.com +63 2 5322 2645 |
UNObank
UNObank, a Singapore-based digital bank
| Interest Rate | – Up to 3.75% per annum in the UNOReady Account – Up to 5.00% per annum in the UNOBoost Time Deposit Account – Up to 5.25% per annum in the UNOEarn Time Deposit Account Up to 5.25% per annum in the UNOEarn Time Deposit Account Note: GCash’s GSave can also be linked to the UNO App and enjoy the same interest rates. |
| Features | – Free Mastercard virtual card – No transaction fees for over 7,500 partner outlets. – No transfer fee via InstaPay – Free deposit fee from BPI and UnionBank |
| Requirements for opening an account | – One valid ID – Selfie verification – Personal details |
| June 2025 Promo | – 4x More Daily Interest: Increase the interest rate on UNOReady (both in UNObank and GSave) by up to 11.25% by using the UNO Virtual Debit Card or paying bills through the UNO app. Until June 30, 2025. |
| Website | https://uno.bank/ |
| Available on | Apple App Store and Google Play Store |
| Contact Details | CustomerHappiness@uno.bank (02) 8811 8866 +63 919 0599866 |
Maya Bank
Maya Bank is a digital bank powered by e-wallet giant Maya. Check out our main page for Maya: Maya Interest Rate 2024 | Promotions | Overview
| Interest Rate | – 4% per annum in the Personal Goals Accounts – Up to 15% per annum in the Savings Accounts (The Base Rate is at 3.5% per annum) – Up to 2.5% per annum in the Business Deposit Accounts – Up to 6.0% per annum in Time Deposit Accounts |
| Features | – Free cash-in fee from Maya Wallet to Maya Bank. – Free transfer fees via PESONet and InstaPay on qualified transactions. – Free Maya Card for a minimum deposit of ₱250 and a spend of at least ₱500. |
| Requirements for opening an account | – One valid ID – Mobile number – Selfie verification – Personal details |
| June 2025 Promo | Save with Julia: Save with Maya and win a Meet & Greet with Julia, a signed Maya Savings Calendar, and ₱5,000 Maya credits. Until June 15, 2025. Maya x PBB: Use Maya to vote on PBB and get a 100% cashback on first PBB Vote. Until June 28, 2025. Maya Black Credit Preferred: Pay using Maya Black Credit Card at Maya Black Preferred brands to earn up to 10x bonus. Maya New Users: Open a Maya Bank account and enjoy perks such as up to 15% interest p.a., free Maya Card, and free Instapay Cash in and Transfer to any bank or e-wallet. Until June 30, 2025. Bills Payment: Get either ₱1 / ₱10 / ₱100 / ₱1,000 cashback when paying ₱1,000 worth of participating bills on the Maya app. Until June 30, 2025. Maya x Smart: New Maya users who have not purchased Smart or TNT load can get ₱100 cashback on their first purchase. Until June 30, 2025. Maya x Landers: Spend an accumulative ₱40,000 using your Landers Credit Card and get 3% interest p.a. on Maya savings. Until June 30, 2025. Maya Easy Credit: Spend an accumulative ₱3,000 using Maya easy credit and get up to 2% interest p.a. on Maya savings. Until June 30, 2025. Maya Easy Credit Service Fee: Spend an accumulative ₱3,000 using Maya easy credit and enjoy free service fee. Until June 30, 2025. Retailers – Refer and Earn: Retailers who will refer their “suki” to Maya can get ₱100 for every successful referral. Until June 30, 2025. Maya New Users: Create and register a Maya Bank account and get perks such as up to 15% interest p.a., free Maya Card, and free Instapay Cash in and Transfer to any bank or e-wallet. Until June 30, 2025. Maya x PayPal: Enjoy free transfers from PayPal to Maya and earn ₱250 cashback from the withdrawal fee with minimum cash-in of ₱7,000. Until June 30, 2025. Maya x Philippine Airlines: Earn 1x raffle entry when users link their Mabuhay Miles account to Maya. Until June 30, 2025. Maya x Palawan Pawnshop: Enjoy free cash in at Palawan Pawnshop or Palawan Express Pera Padala up to ₱8,000 per month. Until June 30, 2025. Maya x Landers Credit Card: Spend at least ₱5,000 using Landers Credit Card and get a chance to fly in business class. Until July 15, 2025. Maya x DMCI Homes: Get 1% exclusive discount for property unit purchase on DMCI Homes using Maya QR for payment. Until October 30, 2025. Maya x Zuri Hotels & Resorts: Iloilo: Use code “MYPERKS” and get 45% off on Deluxe, Superior, Premium, and Junior Suites and 40% off on Family Room, Family Suite, and Zuri Suite when using Maya Card for payment. Until October 30, 2025. Maya x Zuri Hotels & Resorts: Coron: Use code “MYPERKS” and get 30% off on Superior, Deluxe, Premier, and King Suites, 25% off on Family Rooms and Premier Family Rooms, and 10% discount on Spa when using Maya Card for payment. Until October 30, 2025. Maya Lucky Draw Raffle: Join the promo in the “Raffle Promo” section and maintain a balance on Maya Wallet and be one of the monthly winners of either a win a trip to Japan, an Iphone 16 Pro Max, or an Apple AirPods Pro. Until December 31, 2025. Maya x Edamama: Earn up to ₱420 discount with the Landers Cashback Everywhere Credit Card issued by Maya when purchasing on Edamama using the code “MAYANEW.” Until December 31, 2025. |
| Website | https://www.mayabank.ph/ |
| Facebook page | https://www.facebook.com/mayaiseverything |
| Available on | Apple App Store, Huawei App Gallery, and Google Play Store |
| Contact Details | business-support@mayabank.ph |
CIMB GSave on GCash, LazSave on Lazada
GSave is the in-app savings account on fintech app GCash, powered by CIMB Bank Philippines. CIMB also has its own promotions.
| Interest Rate | – 2.5% per annum on UpSave account. – 2.6% per annum on GSave account. – Up to 5.5% per annum for MaxSave Time Deposit accounts of at least ₱5,000. |
| Features | – Free virtual debit card – No transaction fee from CIMB to other banks – Get insurance protection up to ₱250,000 by just maintaining a minimum Average Daily Balance of ₱5,000 on GSave. |
| Requirements for Opening an Account | – On GSave, the GCash user must have a verified account. – For UpSave: Mobile number, one valid ID, and personal details. |
| June 2025 Promos | – Earn More Promo: Increase the interest rate on UpSave and GSave accounts by up to 10% by simply doing the tasks listed (each task corresponds to additional interest). Until June 30, 2025. |
| Website | https://www.cimbbank.com.ph/en/digital-banking/our-products/gsave.html |
| Facebook page | https://www.facebook.com/CIMBBankPH |
| Available on | Apple App Store, Huawei App Gallery, and Google Play Store |
| Contact Details | https://www.cimbbank.com.ph/en/help-and-support/get-help.html +632-8-924-2462 |
RCBC’s Diskartech
Diskartech is the multilingual financial inclusion mobile app of Rizal Commercial Banking Corporation (RCBC).
| Interest Rate | – 4.88% per annum for Full Basic Deposit Accounts – 4.88% per annum for Community Basic Deposit Accounts |
| Features | Has Telekonsulta and Telemedicine—in-app medical consultation and drug store with cheaper rates. |
| Requirements for Opening an Account | – One valid ID – Mobile number – Selfie verification – Personal details |
| June 2025 Promos | – Login-g Meron and Pe5oback Promo: Complete Tasks and Missions through identified actions or transactions on the DiskarTech mobile application during the Promo Period, including log-in, buy load, and pay bills. June 30, 2025. |
| Website | https://diskartech.ph/ |
| Facebook page | https://www.facebook.com/DiskarTech |
| Available on | Apple App Store, and Google Play Store |
| Contact Details | help@diskartech.ph |
Netbank
Netbank is the mobile banking app of Netbank Inc., a Romblon-based rural bank.
| Interest Rate | – 4% per annum for Basic Deposit Accounts – 4.5% per annum on other Basic Deposit Accounts qualified for a past promo. – 5% per annum for Time Deposits Accounts |
| Features | – Free InstaPay and PESOnet transaction fees – Daily interest credit |
| Requirements for Opening an Account | – One valid ID – Mobile number – Personal details |
| June 2025 Promos | – None |
| Website | https://www.netbank.ph/netbank-mobile |
| Facebook page | https://www.facebook.com/netbankmobile |
| Available on | Apple App Store and Google Play Store |
| Contact Details | support@netbank.ph cs_mobile@netbank.ph |
Komo by Eastwest
Komo is the digital banking service by EastWest Bank.
| Interest Rate | – Up to 2.5% per annum |
| Features | – No withdrawal fees at any EastWest Bank ATMs. – Four free monthly withdrawal fees for BancNet ATMs. |
| Requirements for Opening an Account | – One valid ID – Selfie verification – Mobile number – Personal details |
| June 2025 Promos | – Shopee 6.6: Pay using the Komo Visa Debit Card and use promo code KOMO66 to enjoy ₱150 off at least ₱700 spend. Until June 7, 2025. |
| Website | https://www.komo.ph/ |
| Facebook page | https://www.facebook.com/KomoPH |
| Available on | Apple App Store, Huawei App Gallery, and Google Play Store |
| Contact Details | support@komo.ph (02) 8888-1777 |
SeaBank
SeaBank is the mobile banking application of rural bank SeaBank Philippines. It is accepted as a payment option in Shopee Pay feature.
| Interest Rate | Up to 4.00% per annum. |
| Features | – Free transfer fee to SeaBank accounts – 15 free transfers via InstaPay and PESONet – Daily crediting of interest – Up to ₱1,000 cashback monthly every time the user pays using their SeaBank Debit Card – Up to 3% discount on load |
| Requiremets for opening an account | – One valid ID – Selfie verification – Personal details |
| June 2025 promos | Buy a Load Promo: Use the SeaBank app to purchase load and enjoy ₱10 cashback for first-time load buyers, and get up to 3% off on load and load products. Bills Payment: Pay bills in the SeaBank app and enjoy a broad range of billers plus up to ₱50 cashback. Scan and Pay: Transact with merchant QRPh codes and get ₱2 cashback for purchases of at least ₱100. Note: Promos with no date yet can be confirmed on the SeaBank app on its Terms and Conditions. |
| Website | https://www.seabank.ph/ |
| Facebook page | https://www.facebook.com/SeaBankPhilippines/?brand_redir=142455011279904 |
| Available on | Apple App Store, Huawei App Gallery, and Google Play Store |
| Contact Details | (+632) 8891 7927 1800-1-110-2957 |
BPI’s BanKo
BPI Direct BanKo is a product of a merger between two thrift bank units of the Bank of the Philippines Islands—BPI Direct Savings Bank, BPI’s internet bank, and BPI BanKo, BPI’s mobile savings bank. It is now considered as the financial inclusion arm of BPI.
| Interest Rate | – 0.0625% per annum on PondoKo Savings Accounts with a minimum – 5% per annum for TODO Savings Accounts |
| Features | – Free transfer fee to BPI accounts. – No transfer fee to GCash and other bank via Instapay. – 2% cash back for load payments. |
| Requirements for Opening an Account | – One valid ID – Mobile number – Personal details |
| June 2025 Promos | – 0.0625% per annum on PondoKo Savings Accounts – Up to 5.0% per annum on PondoKo SEME Accounts – Up to 5.0% per annum for TODO Savings Accounts |
| Website | https://www.banko.com.ph/ |
| Facebook Page | https://www.facebook.com/magbankona |
| Available on | Apple App Store and Google Play Store |
| Contact Details | (02) 8819-6728 |
OwnBank
OwnBank is the mobile banking service of OwnBank, a rural bank in Cavite City, Philippines.
| Interest Rate | – Up to 3.8% per annum on Savings Accounts – Up to 6.5% per annum for Time Deposit Accounts. – 8% per annum for Time Deposit Accounts (first seven days for new users). |
| Features | Free transfer fee to other banks |
| Requirements for Opening an Account | – One valid ID – Mobile number – Personal details |
| June 2025 Promos | – None |
| Website | https://www.ownbank.com/ |
| Facebook Page | https://www.facebook.com/magbankona |
| Available on | Apple App Store and Google Play Store |
| Contact Details | +63 (02) 7793 0999 |
This article is published on BitPinas: List of Digital Banks With High Interest Rates in the Philippines
What else is happening:
How about the IMG in philippines? Is it legal investment?
Wrong FB page for OwnBank. Thanks!
Tonik has just become trash
Financial assistance For family and study code