(September 2026) List of Digital Banks With High Interest Rates in the Philippines
Updated September 02, 2026
This post lists 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, then UnionDigital 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, especially 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 | – 3.00% per annum for Go Save Account – Up to 2.50% per annum for USD Time Deposit |
| Features | – Free debit card powered by Visa and BancNet. – No withdrawal fees in Robinsons-affiliated stores and at select Robinsons Retail Brands. – Low-fee bank transfers to other local banks (no longer fully free/unlimited). – Free OTC deposit from partner stores (2x per month only, 0.5% fee on succeeding transactions). – Go Rewards integration: Earn points with every purchase (Visa card, QR Ph, bills, mobile load). Boost up to 3× points at participating Robinsons/Go Rewards partners. Points redeemable as cash directly in-app. – Credit Split: Allows users to convert purchases made via QR Ph into installment payments. – Merchant Cash Advance (MCA): Provides small businesses with quick access to working capital, repaid automatically from future sales. – Google Wallet / Google Pay integration: Enables contactless payments using mobile devices. |
| Requirements for Opening an Account | – Standard Philippine-issued ID – Mobile number – Personal details |
| Ongoing Promos | – More Tyme Apple Exclusive Promo: Purchase Apple products using MoreTyme’s Pay-in-6 or Pay-in-12 installment options and get 100% cashback on all installment fees for eligible transactions. Until December 31, 2026. – More Tyme x Digital Walker Group Promo: Purchase any product at Digital Walker, Beyond the Box, and Open Source stores using MoreTyme’s Pay-in-6 or Pay-in-12 installment options and get 100% cashback on all installment fees for eligible transactions. Until December 31, 2026. |
| 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 | – 3% (below ₱5M), 3.25% (₱5M and above) – Up to 3.15% per annum for UD Time Deposit Account |
| Features | – No transfer fees for PESONet transactions to other banks and e-wallets. – Free transfers within the UnionBank ecosystem. – Low-fee InstaPay transfers to other banks and e-wallets. – Debit card issuance linked to UnionDigital accounts. – Integration with UnionBank services for deposits and withdrawals. Mobile app support for bills payment, QR Ph transactions, and fund transfers. |
| Requirements for Opening an Account | – One valid ID – Mobile number – Personal details |
| Ongoing Promos | – Hakot Papremyo with UD: Earn one raffle ticket for every qualified transactions and get a chance to win up to ₱30,000 worth of groceries. Until September 30, 2026. |
| 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 withdrawals at Land Bank ATMs. – Integration with Land Bank services for deposits and withdrawals. |
| Requirements for opening an account | – One valid ID – Selfie verification – Email address – Personal details |
| Ongoing 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 neo bank that holds to be the first all-digital bank in Southeast Asia.
| Interest Rate | – 1.00% per annum for regular account – 4.00% per annum for solo stash – Up to 4.50% per annum for group stash – Up to 5.00% per annum for Time Deposit Accounts (if 12 months) |
| Features | – No cash-out fees via InstaPay, PESONet, MasterCard ATMs, and local bank accounts. – Free InstaPay and PESONet cash-in fees on select bank accounts. – Free virtual debit card. (Physical debit card available for ₱300) |
| Requirements for Opening an Account | – One valid ID – Selfie verification – Personal details |
| Ongoing Promos | – Rainy-ssentials: Get a chance to win ₱15,000 in grocery vouchers for every application of a Tonik Shop Installment Loan. Until September 30, 2026. |
| 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 is backed by the Singapore-based fintech company UNOAsia Pte Ltd.
| Interest Rate | – Up to 3.50% per annum for UNOReady Account – Up to 5.50% per annum in the UNOBoost Time Deposit Account – Up to 5.00% 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. UnoBoost and UnoEarn are also available in GCash. |
| Features | – Free Mastercard virtual card. – No transaction fees at over 7,500 partner outlets. – No transfer fees via InstaPay. – Free deposit from BPI and UnionBank accounts. |
| Requirements for opening an account | – One valid ID – Selfie verification – Personal details |
| Ongoing Promo | – None |
| Website | https://uno.bank/ |
| Facebook page | https://web.facebook.com/UNOdigitalbank |
| 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.
| Interest Rate | – Up to 8% per annum in the Personal Goals Accounts (The Base Rate is at 4.0% per annum) – Up to 15% per annum in the Savings Accounts (The Base Rate is at 3.0% per annum) – Up to 2.5% per annum in the Business Deposit Accounts – Up to 6.0% per annum in Time Deposit Accounts (6 months) |
| Features | – Free cash-in from Maya Wallet to Maya Bank. – Free transfer fees via PESONet and InstaPay on qualified transactions. – Free Maya Card with 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 |
| Ongoing Promo | – Maya Shop & Scan: Earn a raffle entry for every ₱5,000 accumulated spend using Maya online checkout or scan to pay via QR and get a chance to win ₱1,000,000. Until September 30, 2026. – 1% cashback ng Maya Card? Mine mo na yan!: Pay in-store or online using the Maya Card and enjoy a 1% cashback. Until December 31, 2026. – Get Banked with Maya: Register and upgrade account to get ₱100 and an additional ₱100 on at least ₱100 spend. Until December 31, 2026. |
| 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 | – Up to 2.30% per annum on CIMB Grow account – 2.30% per annum on UpSave account. – 2.30% per annum on DragonFi Save account. – 2.30% per annum on GSave account. – Up to 3.50% per annum for MaxSave Time Deposit accounts of at least ₱5,000 |
| Features | – Free virtual debit card. – No transfer fees from CIMB to other banks. – Insurance protection up to ₱250,000 by maintaining a minimum Average Daily Balance of ₱5,000 on GSave. – 1% rebate for every checkout using LazSave account. |
| 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. |
| Ongoing Promos | – Earn More Promo: Earn up to 1.85% additional interest rates upon doing certain tasks. UntilS eptember 30, 2026. = Up to 4.15% for GSave and UpSave accounts. |
| Website | https://www.cimbbank.com.ph/en/products/save/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 | – Up to 4.00% per annum for Basic Deposit Accounts (for balances up to ₱50,000) |
| Features | – Telekonsulta service for in-app medical consultation. – Telemedicine access to licensed doctors through the app. – In-app drug store offering medicines at discounted rates. – Insurance products available directly in-app. |
| Requirements for Opening an Account | – One valid ID – Mobile number – Selfie verification – Personal details |
| Ongoing 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. |
| 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 | – Up to 3.25% per annum for Basic Deposit Accounts – Up to 5.00% per annum for Time Deposits Accounts (12 months) |
| Features | – Free InstaPay and PESONet transactions. – Daily interest credit on savings accounts. |
| Requirements for Opening an Account | – One valid ID – Mobile number – Personal details |
| Ongoing 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 2.50% per annum |
| Features | – No withdrawal fees at any EastWest Bank ATMs. – Four free monthly withdrawals at BancNet ATMs. – Free Visa debit card linked to Komo account. – No transfer fees via InstaPay and PESONet. |
| Requirements for Opening an Account | – One valid ID – Selfie verification – Mobile number – Personal details |
| Ongoing Promos | – None |
| 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 |
MariBank
MariBank is the mobile banking application of rural bank MariBank Philippines, Inc. It is formerly SeaBank Philippines before being purchased by MariBank Singapore Private Limited.
| Interest Rate | – 3.25% per annum (For balances from ₱0 to 1,000,000) – 3.75% per annum (For Balances in excess of ₱1,000,000) |
| Features | – Free transfer fee to MariBank accounts. – 50 free transfers per month via InstaPay and PESONet; ₱15 fee per transaction after the limit. – Daily crediting of interest on savings accounts. – Up to ₱1,000 cashback monthly when paying with the MariBank Debit Card. – Up to 3% discount on mobile load purchases. – Free remittance fees between ShopeePay Malaysia and MariBank Philippines. – Physical debit card issuance fee: ₱49. |
| Requiremets for opening an account | – One valid ID – Selfie verification – Personal details |
| Ongoing promos | – Faster Trips Come With More Saving: Earn 5% cashback on every ride with ride-hailing & mobility apps, such as Grab, Move It, Angkas, Green GSM, and more. Until September 30, 2026. – More Mileage for You on the Road: Earn 3% cashback (up to ₱500) when paying for gas purchases with MariBank Card at SEAOIL stations or via the PriceLOCQ app. Until September 30, 2026. – MariBank x ShopeePay: Link a ShopeePay Account and get ₱5 cashback per transaction. |
| Website | https://www.maribank.ph/ |
| Facebook page | https://www.facebook.com/MariBankPH |
| 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 Basic and Regular Savings Accounts (Minimum Balance of ₱500) – Up to 5.0% per annum for TODO Savings Accounts |
| Features | – Free transfer fee to BPI accounts. – Free transfer fees to GCash and other banks via InstaPay and PESONet (effective July 1, 2026). – 2% cashback for mobile load payments. |
| Requirements for Opening an Account | – One valid ID – Mobile number – Personal details |
| Ongoing Promos | – None |
| 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 3.80% per annum on Own It Savings Accounts. – Up to 5.20% per annum for Time Deposit Accounts. |
| 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://web.facebook.com/OwnBank |
| Available on | Apple App Store and Google Play Store |
| Contact Details | +63 (02) 7793 0999 |
PBCOM Online Platform
PBCOM Online Platform is the mobile banking service of universal bank PBCOM, or the Philippine Bank of Communications
| Interest Rate | Up to 0.10% per annum on Regular Savings Accounts |
| Features | – Free transfer fee to other banks |
| Requirements for Opening an Account | – Valid ID – Selfie Verification – Digital Signature |
| Ongoing Promos (Embedded are links of each promo’s T&C) | – None |
| Website | https://www.pbcom.com.ph/personal/pbcomobile |
| Facebook Page | https://web.facebook.com/PhilippineBankofCommunications |
| Available on | Apple App Store and Google Play Store |
| Contact Details | 0919-161-0123(+632) 8777-2266 |
Salmon Bank
It is a subsidiary of Salmon Group Ltd, backed by IFC (a member of the World Bank Group) and ADQ/Lunate, Abu Dhabi’s sovereign wealth fund. It is the business name of the Rural Bank of Sta. Rosa (Laguna), which holds a Basic EPFS License from the BSP.
| Interest Rate | – 3.00% for Peso Savings Account – 3.00% for Business Savings Account – Up to 8.00% per annum on Time Deposit Accounts |
| Features | – Free transfer fee to other banks |
| Requirements for Opening an Account | – Phone Number – Email Address – Valid ID – Selfie Verification |
| Ongoing Promos (Embedded are links of each promo’s T&C) | – Sulit Rainy Deals at Automatic Centre: For every approved Salmon Product Loan with a minimum purchase of ₱25,000, customers will receive a ₱500 Mang Inasal voucher. Until September 30, 2026. – Sulit Hulugan Deals at Abenson: For every approved Salmon Product Loan with a minimum purchase of ₱25,000, customers will receive one ₱500 Greenwich eGift. Until October 15, 2026. |
| Website | https://salmon.ph/ |
| Facebook Page | https://www.facebook.com/salmonphilippines |
| Available on | Apple App Store and Google Play Store |
| Contact Details | 0919-161-0123(+632) 8777-2266 |
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
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