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(June 2025) List of Digital Banks With High Interest Rates in the Philippines

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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 โ€œdigital bankโ€ as a new bank category in the Philippines. 

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.

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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 โ‚ฑ8.45 billion, for the first six months of 2022. 

More than a year after the central bankโ€™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 โ‚ฑ4.
Requirements for Opening an Account– Standard Philippine-issued ID
– Mobile number
– Personal details
June 2025 PromosPFF 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 โ‚ฑ110 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
Websitehttps://www.gotyme.com.ph/
Facebook pagehttps://www.facebook.com/GoTymeBank
Available onApple 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
FeaturesNo 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 PromosP1so Panalo Promo: Deposit at least โ‚ฑ1 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 โ‚ฑ5,000. Until June 30, 2025.
Websitehttps://uniondigitalbank.io/en
Facebook Pagehttps://www.facebook.com/UnionDigitalBank
Available onApple App Store, Huawei App Gallery, and Google Play Store
Contact Detailshelp@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 โ‚ฑ500 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
Websitehttps://ofbank.com.ph/
Facebook pagehttps://www.facebook.com/OFBank
Available onApple 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  (โ‚ฑ300 for physical debit card)
Requirements for Opening an Account– One valid ID
– Selfie verification
– Personal details
June 2025 Promos None
Websitehttps://tonikbank.com/
Facebook pagehttps://www.facebook.com/TonikBankPH
Available onApple App Store and Google Play Store
Contact Detailscustomercare@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: GCashโ€™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 Promo4x 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.
Websitehttps://uno.bank/
Available onApple App Store and Google Play Store
Contact DetailsCustomerHappiness@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 Accountsย 
– 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 โ‚ฑ250 and a spend of at least โ‚ฑ500.
Requirements for opening an account– One valid ID
– Mobile number
– Selfie verification
– Personal details
June 2025 PromoSave with Julia: Save with Maya and win a Meet & Greet with Julia, a signed Maya Savings Calendar, and โ‚ฑ5,000 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.ย 
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 โ‚ฑ1 / โ‚ฑ10 / โ‚ฑ100 / โ‚ฑ1,000 cashback when paying โ‚ฑ1,000 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 โ‚ฑ100 cashback on their first purchase. Until June 30, 2025.
Maya x Landers: Spend an accumulative โ‚ฑ40,000 using your Landers Credit Card and get 3% interest p.a. on Maya savings. Until June 30, 2025.
Maya Easy Credit: Spend an accumulative โ‚ฑ3,000 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 โ‚ฑ3,000 using Maya easy credit and enjoy free service fee. Until June 30, 2025.
Retailers – Refer and Earn: Retailers who will refer their โ€œsukiโ€ to Maya can get โ‚ฑ100 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 โ‚ฑ250 cashback from the withdrawal fee with minimum cash-in of โ‚ฑ7,000. Until June 30, 2025.ย 
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 โ‚ฑ8,000 per month. Until June 30, 2025.
Maya x Landers Credit Card: Spend at least โ‚ฑ5,000 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 โ€œMYPERKSโ€ 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 โ€œMYPERKSโ€ 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 โ€œRaffle Promoโ€ 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 โ‚ฑ420 discount with the Landers Cashback Everywhere Credit Card issued by Maya when purchasing on Edamama using the code โ€œMAYANEW.โ€ Until December 31, 2025.
Websitehttps://www.mayabank.ph/
Facebook pagehttps://www.facebook.com/mayaiseverything
Available onApple App Store, Huawei App Gallery, and Google Play Store
Contact Detailsbusiness-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 โ‚ฑ5,000.
Features– Free virtual debit card
– No transaction fee from CIMB to other banks
– Get insurance protection up to โ‚ฑ250,000 by just maintaining a minimum Average Daily Balance of โ‚ฑ5,000 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 PromosEarn 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.
Websitehttps://www.cimbbank.com.ph/en/digital-banking/our-products/gsave.html
Facebook pagehttps://www.facebook.com/CIMBBankPH
Available onApple App Store, Huawei App Gallery, and Google Play Store
Contact Detailshttps://www.cimbbank.com.ph/en/help-and-support/get-help.html
+632-8-924-2462

RCBCโ€™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
FeaturesHas Telekonsulta and Telemedicineโ€”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.ย 
Websitehttps://diskartech.ph/
Facebook pagehttps://www.facebook.com/DiskarTech
Available onApple App Store, and Google Play Store
Contact Detailshelp@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
Websitehttps://www.netbank.ph/netbank-mobile
Facebook pagehttps://www.facebook.com/netbankmobile
Available onApple App Store and Google Play Store
Contact Detailssupport@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 annumย 
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 PromosShopee 6.6: Pay using the Komo Visa Debit Card and use promo code KOMO66 to enjoy โ‚ฑ150 off at least โ‚ฑ700 spend. Until June 7, 2025.
Websitehttps://www.komo.ph/
Facebook pagehttps://www.facebook.com/KomoPH
Available onApple App Store, Huawei App Gallery, and Google Play Store
Contact Detailssupport@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 RateUp 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 โ‚ฑ1,000 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 promosBuy a Load Promo: Use the SeaBank app to purchase load and enjoy โ‚ฑ10 cashback for first-time load buyers, and get up to 3% off on load and load products.ย 
Bills Payment: Pay bills in the SeaBank app and enjoy a broad range of billers plus up to โ‚ฑ50 cashback.
Scan and Pay: Transact with merchant QRPh codes and get โ‚ฑ2 cashback for purchases of at least โ‚ฑ100.
Note: Promos with no date yet can be confirmed on the SeaBank app on its Terms and Conditions.
Websitehttps://www.seabank.ph/
Facebook pagehttps://www.facebook.com/SeaBankPhilippines/?brand_redir=142455011279904
Available onApple App Store, Huawei App Gallery, and Google Play Store
Contact Details(+632) 8891 7927
1800-1-110-2957

BPIโ€™s BanKo 

BPI Direct BanKo is a product of a merger between two thrift bank units of the Bank of the Philippines Islandsโ€”BPI Direct Savings Bank, BPIโ€™s internet bank, and BPI BanKo, BPIโ€™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
Websitehttps://www.banko.com.ph/
Facebook Pagehttps://www.facebook.com/magbankona
Available onApple 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).
FeaturesFree transfer fee to other banks
Requirements for Opening an Account– One valid ID
– Mobile number
– Personal details
June 2025 Promos None
Websitehttps://www.ownbank.com/
Facebook Pagehttps://www.facebook.com/magbankona
Available onApple 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

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