A digital bank is an ideal alternative for those who want to try to save money besides a traditional physical bank. Add to that, Filipinos nowadays use online banking because of its convenience and accessibility. Further, with the increase in internet usage in the country (mobile data, pocket WiFis, and the like) and the government's financial inclusion initiatives, digital banking services allow people to conduct various financial transactions through mobile apps and websites.
Thanks to fintech startups and partnerships between traditional banks and technology companies, Filipino citizens now enjoy seamless digital payment solutions, instant fund transfers, and personalized financial management tools, enhancing their banking experience.
Digital banks offer many advantages to customers. They can do all their banking operations (like fund transfer and bills payment) online using their smartphones, avoiding long lines at a physical bank branch. Moreover, most digital banks offer higher interest rates compared to traditional banks. Mobile banking app users can also access their savings accounts and make transactions anytime. Most importantly, these digital banks and their products/promos are regulated by the Bangko Sentral ng Pilipinas (BSP) [Translation: Central Bank of the Philippines] and are insured by the Philippine Deposit Insurance Corporation (PDIC).
Some of the widely used digital banks in the Philippines are Maya Bank (powered by e-wallet Maya), CIMB Bank (which features GSave in GCash), Tonik (a Singapore-based digital bank), UNObank, GOtyme (owned by Gokongwei Group), Diskartech by RCBC, Netbank (a Romblon-based rural bank), Komo by Eastwest, SeaBank (part of SeaMoney that owns the online shopping app Shopee and game firm Garena), BanKo by BPI, and OwnBank (a mobile banking service of OwnBank, a rural bank in Cavite City).
If you're itching to know the best digital banks in the Philippines with the highest interest rates in 2025, I have compiled them in a list, which you can check out below.
List of PH Digital Banks with Highest Interest Rates (February 2025)
Here's the list of top digital banks in the Philippines that offer the best interest rates as of February 2025.
The banks' products are listed below, along with their base interest rates (p.a.), promo interest rates, and other details, such as whether they support free fund transfers and daily crediting. For more information on their promos, you may visit the respective bank's official website.
#1. CIMB Bank PH
Website: https://cimbbank.com.ph
- CIMB UpSave/GSave - up to 15% p.a. (no cap)
- Starts at 3.5% p.a.
- + 11.5% when you grow ADB by at least Php 50K
- Monthly interest crediting.
#2. Maya Savings
Website: https://maya.ph
- Maya Savings - up to 15% p.a. (capped at Php 100K)
- Go to the website or open the Maya app to see the missions.
- The regular interest rate of Maya Savings is 3.5% p.a., which applies to savings up to Php 5M. Excess of Php 5M will not earn interest.
- All bonus interest rates only apply to your first Php 100K.
- No minimum deposit and no maintaining balance.
- Daily interest crediting.
#3. OwnBank (Own It)
Website: https://ownbank.com
- OwnBank Own It - 6% p.a.
- No cap
- Daily interest crediting.
#3. Netbank
Website: https://www.netbank.ph
- Netbank Mobile
- + 4% p.a. for existing users; or
- + 6% p.a. for new users (starting September 4, 2024) who will use referral code AAAA0269 and choose Digital Banks PH Tipid Hacks during account opening.
- Daily interest crediting.
#4. GoTyme Bank
Website: https://ift.tt/0kYp6oD
- Go Save Account - 5% p.a. (no cap)
- No minimum deposit and no maintaining balance.
- Monthly interest crediting.
#4. LazSave
Available via Lazada App
- LazSave by CIMB - 5% p.a. (no cap)
#5. BPI Direct BanKo
Website: https://ift.tt/QMJpEqZ
- Todo Savings Account - 5% p.a. (capped at Php 1M)
- Php 5k minimum balance is required to earn interest
#6. RCBC DiskarTech
Website: https://diskartech.ph
- DiskarTech Savings Account - 4.88% p.a. (capped at Php 49.7K)
- Maximum limit for the savings account is capped at Php 50,000.
- Monthly interest crediting.
#7. SeaBank
Website: https://www.seabank.ph
- Savings - 4% p.a. (capped at Php 400K)
- No maintaining balance.
- Excess of Php 400,000 will earn 3% p.a.
- Daily interest crediting.
If you also want to know which digital banks are suitable for savings or daily transactions (fund transfers to other banks, bills payment, buy load), check out below.
Suited for savings: Maya (Personal Savings), OwnBank, UnionDigital Bank, UNO Digital Bank, Maya (Personal Goal), Tonik, BanKo by BPI, and Komo by EastWest.
Suited for daily transactions: iSave (Maybank Philippines), Netbank Mobile, DiskarTech, CIMB Bank, SeaBank, and GoTyme Bank.
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What can you say about the best digital banks in the Philippines with the highest interest rates? You can leave your comment below.
Credits: Digital Banks PH Facebook group
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