Suits: money you may need any day, such as an emergency fund.
Downside: keeps ₱1,152.65 less than locking the same amount for a year in UNOBank #UNOboost Time Deposit (12 months).
What you need to open itSavings accounts in the Philippines, compared
On ₱100,000 you can withdraw anytime, Tonik Solo Stash has the highest covered example at ₱3,247.35 a year after tax; locked for a year, UNOBank #UNOboost Time Deposit (12 months) keeps ₱4,400.00. That anytime account keeps ₱1,391.76 more a year than the highest covered regular savings example at a universal or commercial bank (CIMB Bank UpSave).
I can lock it for
Every bank listed is BSP-licensed and PDIC-insured up to ₱1,000,000 per depositor, per bank (PDIC, from March 15, 2025).
Highest calculated return among covered accountsTonik Solo Stash, you keep ₱3,247.35 over 12 monthsOn ₱100,000 over 12 months, after the 20% final tax on interest · base rates, no promos · selected products only, not every bank account · sources checked October 2, 2026 to October 16, 2026 · restricted accounts and advertised maximums are not selected as the highest fixed-rate resultNext: check Tonik's requirements and fees before you open it.
- 1TonikPDIC-insuredSolo StashRate4.00%You keep₱3,247.35
- 2TonikPDIC-insuredGroup StashThe boosted 4.50% has conditions.Rate4.00%You keep₱3,247.35
- 3UNOBankPDIC-insured#UNOready SavingsRate falls to 1.00% from ₱5,000,000. Interest is computed on the end-of-day balance and credited daily.Rate3.50%You keep₱2,836.21
- 4MariBankPDIC-insuredSavingsWe apply 3.75% only to the part of your balance above ₱1,000,000, the lower reading of MariBank's wording.Rate3.25%You keep₱2,631.21
- 5GoTyme BankPDIC-insuredGoalSaveUp to 5 GoalSaves. No minimum maintaining balance.Rate3.00%You keep₱2,426.58
- 6Maya BankPDIC-insuredMaya SavingsThe boosted 15.00% has conditions. Interest is computed daily on the end-of-day balance and credited daily.Rate3.00%You keep₱2,426.58
- 7UnionDigital BankPDIC-insuredUD SaveRates for individual savings accounts effective 25 February 2026.Rate3.00%You keep₱2,426.58
- 8CIMB BankPDIC-insuredUpSaveBase rate effective 1 August 2026.Rate2.30%You keep₱1,855.60
- 9CIMB BankPDIC-insuredGSaveOpened through GCash. Interest is paid out monthly.Rate2.30%You keep₱1,855.60
- 10TonikPDIC-insuredTonik AccountRate1.00%You keep₱802.94
- 11CIMB BankPDIC-insuredFastPlusRate0.75%You keep₱601.65
- 12RCBCPDIC-insuredRegular Savings ATMEarns nothing below ₱25,000. ₱3,000 maintaining balance, with a fee if you fall below.Rate0.125%You keep₱100.05
- 13AUBPDIC-insuredStarter SavingsEarns nothing below ₱1,000.Rate0.10%You keep₱80.03
- 14EastWest BankPDIC-insuredRegular SavingsEarns nothing below ₱10,000. ₱5,000 maintaining balance, with a fee if you fall below.Rate0.10%You keep₱80.03
- 15PNBPDIC-insuredPassbook SavingsEarns nothing below ₱10,000. ₱10,000 maintaining balance, with a fee if you fall below. PNB ties the 0.100% to using your debit card.Rate0.10%You keep₱80.03
- 16BPIPDIC-insured#SaveUpEarns nothing below ₱5,000. Earns interest only when the daily balance is at least ₱5,000. Interest is credited quarterly.Rate0.0925%You keep₱74.03
- 17BDOPDIC-insuredATM SavingsEarns nothing below ₱5,000. ₱2,000 maintaining balance, with a fee if you fall below.Rate0.0625%You keep₱50.01
- 18BDOPDIC-insuredPassbook SavingsEarns nothing below ₱10,000. ₱10,000 maintaining balance, with a fee if you fall below.Rate0.0625%You keep₱50.01
- 19BPIPDIC-insuredJumpstart SavingsEarns nothing below ₱2,000. ₱1,000 maintaining balance, with a fee if you fall below.Rate0.0625%You keep₱50.01
- 20LandbankPDIC-insuredRegular Passbook SavingsEarns nothing below ₱10,000. ₱10,000 maintaining balance, with a fee if you fall below. Rate in effect since 1 August 2020, per Landbank's deposit account information sheet as of 1 August 2026.Rate0.05%You keep₱40.01
- 21LandbankPDIC-insuredSavings Account with ATM AccessEarns nothing below ₱2,000. ₱500 maintaining balance, with a fee if you fall below.Rate0.05%You keep₱40.01
- 22LandbankPDIC-insuredPISO (Perang Inimpok Savings Options) AccountEarns nothing below ₱2,000. The balance cannot go above ₱50,000.Rate0.05%You keep₱40.01
- 23OFBankPDIC-insuredYaniSaver Premium SavingsEarns nothing below ₱50,000. Rate tiers are set by average daily balance. No fixed term; withdraw at any LANDBANK branch.Rate0.05%You keep₱40.01
- 24Security BankPDIC-insuredAll Access₱10,000 maintaining balance, with a fee if you fall below.Rate0.05%You keep₱40.01
- 25Security BankPDIC-insuredEasy Savings₱3,000 maintaining balance, with a fee if you fall below.Rate0.05%You keep₱40.01
- 26HSBC PhilippinesPDIC-insuredSavings accountKeep a positive balance to avoid automatic closure. HSBC Premier or Advance/Personal Banking eligibility requirements still apply.Rate0.005%You keep₱4.00
- ·BDOPDIC-insuredKabayan Savings (Peso)Only for overseas Filipinos and their families. For overseas Filipinos and their families. No fee for falling below a minimum balance.Rate0.0625%You keep₱50.01
- ·AUBPDIC-insuredPreferred Peso SavingsEarns nothing below ₱500,000. ₱5,000 maintaining balance, with a fee if you fall below. Interest is earned when the ADB is at least ₱500,000 and credited quarterly.Rate0.10%You keepEarns from ₱500,000
- ·BPIPDIC-insuredMaxi-SaverEarns nothing below ₱2,000,000. ₱2,000,000 maintaining balance, with a fee if you fall below.Rate0.125%You keepEarns from ₱2,000,000
What this comparison covers
Selected peso savings and time deposit products with rates we can calculate from the cited sources; not every account offered by each bank. Rankings and highest-rate labels apply only to the covered, computable products at the stated amount and term. They are not a recommendation about where to keep all your money.
50 products have documented rate schedules; schedules outside their stated effective period are excluded from current calculations. Rate sources were checked between October 2, 2026 and October 16, 2026; a newer check of one source does not refresh the others. A source check is separate from a complete review of the bank's product range. Confirm current rates and conditions with the bank.
8 known products are not priced in the calculator. No zero rate or estimated return is assigned to these accounts.
- BDO Optimum Savings: The captured official page asks customers to call or visit a branch for the current rate. No amount-specific return is calculated here. Official product page, checked October 2, 2026
- Landbank Easy Savings Plus: The captured page refers to posted time-deposit rates for higher balances; that complete balance schedule is not validated for this calculator. Official product page, checked October 2, 2026
- Landbank OptiSaver Plus: A tiered rate range is captured, but the complete balance tiers are not validated for this calculator. Check the rate and insurance conditions with LANDBANK. Official product page, checked October 2, 2026
- Landbank Regular Peso Time Deposit: The captured page refers to LANDBANK's posted rates by amount and term; a complete schedule is not validated for this calculator. Official product page, checked October 2, 2026
- PNB Top Saver Account: PNB advertises up to 0.500% a year. Balance-specific tiers are unverified, so this maximum is not used as a flat rate or a return on ₱100,000. Official product page, checked October 2, 2026
- PNB Debit Savings: The account is captured in our sources, but its applicable rate and conditions are not validated for this calculator. Official product page, checked October 2, 2026
- PNB PNBig Savings Time Deposit: A rate table is captured, but the amount and term schedule has not been validated for this calculator. Confirm current pricing with PNB. Official product page, checked October 2, 2026
- PNB Short-Term Time Deposit: A short-term rate is captured, but its current terms have not been validated for this calculator. Confirm pricing for your placement with PNB. Official product page, checked October 2, 2026
Historical or future schedules excluded: EastWest Bank Peso Time Deposit (published period ended October 19, 2026); EastWest Bank Online Peso Time Deposit (published period ended October 19, 2026). The original schedules remain visible with their dates, but are not used for a current return.
Examples among covered accounts
Examples among the covered accounts at the stated amount and term. This is a selected comparison, not a complete market or product review. Each example has the highest calculated return among covered accounts after the 20% tax for that need, from the ranking above (rates as listed on October 2, 2026 to October 16, 2026). "Up to" rates are not picked over a firm rate that keeps the same.
Suits: money you will not touch for 12 months.
Downside: Money stays in until the term ends.
What you need to open it
Suits: savers who want a bank with branches as well as an app.
Downside: "Up to" rate. Money stays in until the term ends.
What you need to open itNo bank pays to appear here or to change its position.
Digital banks7 licensedTop base savings rate: Tonik Solo Stash, 4.00% a year.Open Time deposits13 banksSelected published peso time deposit rates side by side, with what you keep after tax.Open Calculator20% tax inInterest on your own amount and term after the final tax, for any rate or bank listed.Open Transfer fees31 freeBanks and e-wallets with free InstaPay, out of 107 in the BSP summary as of August 31, 2026.Open E-walletsGCash vs MayaFees, cash out, limits and interest compared, plus all 72 BSP-licensed e-money issuers.Open PDIC₱1,000,000Deposit insurance per depositor, per bank, with a calculator for joint and single accounts.Open Closed banks331Banks under PDIC liquidation as of June 30, 2026, searchable by name.Open
How the covered examples compare
8 of the top 10 accounts on ₱100,000 are at digital banks.
- Covered savings example: Tonik Solo Stash keeps ₱3,247.35 on ₱100,000 in a year, against ₱1,855.60 at the highest covered universal or commercial bank savings example (CIMB Bank UpSave). See Tonik.
- Covered time deposit example: UNOBank #UNOboost Time Deposit (12 months) keeps ₱4,400.00. Skip it if you might need the money early, since breaking a time deposit costs interest. See UNOBank.
- Over ₱1,000,000? Keep at most ₱1,000,000 per bank; the PDIC does not insure the rest. PDIC
Savings and time deposit rates by bank
"You keep" is ₱100,000 for about a year in the bank's highest covered example, after the 20% final tax. A rate marked "from" applies only from that balance. Rates as listed on each bank's page, October 2, 2026 to October 16, 2026; effective dates, where a bank gives one, are on its page.
| Bank | Covered savings | Covered time deposit | You keep | Interest credited | Watch out |
|---|---|---|---|---|---|
| Maya Bank Digital bank · open on mayabank.ph | 3.00% Maya Savings Maya Bank rate page, as listed on October 2, 2026 | up to 5.50% (12 months) Maya Bank rate page, effective October 1, 2026 | up to ₱4,400.00 #1 | Maya Savings earns interest on each day's end-of-day balance and credits it the next day, net of tax. Maya Bank | "Up to" rate; 3.50% unless you meet the conditions. Money stays in until the term ends. |
| UNOBank Digital bank · open on uno.bank | 3.50% #UNOready Savings UNOBank rate page, as listed on October 2, 2026 | 5.50% (12 months) UNOBank rate page, as listed on October 2, 2026 | ₱4,400.00 #1 | #UNOready Savings interest is computed on the end-of-day balance and credited daily; the smallest credit is ₱0.01. UNOBank | Money stays in until the term ends. |
| Metrobank Universal and commercial bank · open on metrobank.com.ph | Not on Metrobank's rate page | up to 5.00% (1 to 12 months) Metrobank rate page, as listed on October 2, 2026 | up to ₱4,000.00 #3 | Not on Metrobank's pages | "Up to" rate. Money stays in until the term ends. |
| Tonik Digital bank · open on tonikbank.com | 4.00% Solo Stash Tonik rate page, as listed on October 2, 2026 | 4.00% (6 months) Tonik rate page, effective August 24, 2026 | ₱3,247.35 #4 | The extra 1% a year on a Time Deposit is paid only at payout, and only if your Tonik savings account keeps an average daily balance of at least ₱10,000 every month of the term. Tonik | None stated |
| MariBank Digital bank · open on maribank.ph | 3.25% Savings MariBank rate page, as listed on October 2, 2026 | Not on MariBank's rate page | ₱2,631.21 #5 | Not on MariBank's pages | None stated |
| CIMB Bank Universal and commercial bank · open on cimbbank.com.ph | 2.30% UpSave CIMB Bank rate page, effective August 1, 2026 | 3.50% (6 months) CIMB Bank rate page, effective August 1, 2026 | ₱2,600.00 #6 | GSave interest is paid out monthly. CIMB Bank | Money stays in until the term ends. |
| GoTyme Bank Digital bank · open on gotyme.com.ph | 3.00% GoalSave GoTyme Bank rate page, as listed on October 2, 2026 | Not on GoTyme Bank's rate page | ₱2,426.58 #7 | Not on GoTyme Bank's pages | None stated |
| UnionDigital Bank Digital bank · open on uniondigitalbank.io | 3.00% UD Save UnionDigital Bank rate page, effective February 25, 2026 | 3.15% (30 to 59 days) UnionDigital Bank rate page, effective September 5, 2025 | ₱2,426.58 #7 | Interest is calculated daily on end-of-day balances and credited monthly. UnionDigital Bank | None stated |
| Security Bank Universal and commercial bank · open on securitybank.com | 0.05% All Access Security Bank rate page, as listed on October 2, 2026 | 4.61% (7 years) Security Bank rate page, as listed on October 2, 2026 | ₱2,232.00 #9 | Interest is credited at the end of every month or quarter, depending on the account, net of withholding tax, and only if the account meets its minimum balance. Security Bank | Money stays in until the term ends. Minimum ₱100,000. Top rates need ₱5,000,000 or more. |
| Landbank Universal and commercial bank · open on landbank.com | 0.05% Regular Passbook Savings Landbank rate page, effective August 1, 2020 | 2.00% (1 year) Landbank rate page, effective August 1, 2026 | ₱1,600.00 #10 | Savings interest accrues daily while the account meets the balance needed to earn interest, and is credited at the end of each quarter. Landbank | Money stays in until the term ends. Minimum ₱50,000. Top rates need ₱5,000,000 or more. |
| RCBC Universal and commercial bank · open on rcbc.com | 0.125% Regular Savings ATM RCBC rate page, as listed on October 2, 2026 | 2.25% (5 years and 1 day) RCBC rate page, as listed on October 2, 2026 | ₱900.00 #11 | Not on RCBC's pages | Money stays in until the term ends. Top rates need ₱10,000,000 or more. |
| HSBC Philippines Universal and commercial bank · open on hsbc.com.ph | 0.005% Savings account HSBC Philippines rate page, as listed on October 16, 2026 | 0.70% (12 months) HSBC Philippines rate page, as listed on October 2, 2026 | ₱560.00 #12 | Interest is calculated daily and credited monthly or quarterly on savings accounts, and at maturity on time deposits. HSBC Philippines | Money stays in until the term ends. Minimum ₱100,000. Top rates need ₱5,000,000 or more. |
| BDO Universal and commercial bank · open on bdo.com.ph | 0.0625% ATM Savings BDO rate page, as listed on October 2, 2026 | 0.25% (360 days) BDO rate page, as listed on October 2, 2026 | ₱197.26 #13 | Savings interest is computed on the daily available balance and credited at the end of the month, less the withholding tax. BDO | Money stays in until the term ends. Top rates need ₱5,000,000 or more. |
| PNB Universal and commercial bank · open on pnb.com.ph | 0.10% Passbook Savings PNB rate page, as listed on October 2, 2026 | 0.125% (181 to 360 days) PNB rate page, as listed on October 2, 2026 | ₱98.63 #14 | Not on PNB's pages | Money stays in until the term ends. Minimum ₱10,000. Top rates need ₱1,000,000 or more. |
| EastWest Bank Universal and commercial bank · open on eastwestbanker.com | 0.10% Regular Savings EastWest Bank rate page, as listed on October 16, 2026 | 4.40% (2 years) EastWest Bank rate page, as listed on October 16, 2026 | ₱80.03 #15 | Peso time deposit rates are reset weekly; the table here is for placements from 29 September to 5 October 2026. EastWest Bank | Earns nothing below ₱10,000. ₱5,000 maintaining balance, with a fee if you fall below. |
| AUB Universal and commercial bank · open on aub.com.ph | 0.10% Starter Savings AUB rate page, as listed on October 2, 2026 | Not on AUB's rate page | ₱80.03 #15 | Interest on both savings accounts is credited quarterly, after the 20% withholding tax. AUB | Earns nothing below ₱1,000. |
| BPI Universal and commercial bank · open on bpi.com.ph | 0.0925% #SaveUp BPI rate page, as listed on October 2, 2026 | Not on BPI's rate page | ₱74.03 #17 | Savings interest is credited quarterly, except Maxi-Saver, which credits monthly. BPI | Earns nothing below ₱5,000. |
| OFBank Digital bank · open on ofbank.com.ph | 0.05% YaniSaver Premium Savings OFBank rate page, as listed on October 2, 2026 | Not on OFBank's rate page | ₱40.01 #18 | Not on OFBank's pages | Earns nothing below ₱50,000. |
BDO, BPI, Landbank and other universal banks: what a savings account needs
Universal and commercial banks pay little interest on regular savings. Before you open one, check the opening deposit and the maintaining balance: falling below it costs a monthly fee. Figures from each bank's product page as of October 2, 2026 to October 16, 2026; the IDs you need are on each bank's page (for example, what BDO asks for).
Your interest and the 20% final tax
Every peso of deposit interest is taxed at 20%, and the bank withholds it before the interest reaches you. That is why a 4% account pays about 3.2%. The tax is final, so there is nothing to declare on your income tax return. Since July 1, 2025, under the Capital Markets Efficiency Promotion Act, the same rate applies to dollar deposits and to long-term deposits too (BIR, RR 21-2025).
Working out tax on your pay instead? The salary tax calculator and the withholding tax calculator cover employees; freelancers can start with the income tax calculator.
Keeping your deposits insured
The PDIC insures up to ₱1,000,000 per depositor per bank, effective March 15, 2025, set by the PDIC Board under the PDIC Charter (RA 3591, as amended by RA 11840)(PDIC), and all your accounts at one bank are added together. Joint accounts are insured separately. If you hold more than that at one bank, the PDIC deposit insurance calculator shows how much is covered. To check whether a bank has closed, search the PDIC list of 331 closed banks.
Questions
How many banks are licensed in the Philippines?
The BSP Verifier lists 459 banks: universal and commercial, thrift, rural and cooperative, and digital banks, as of September 28, 2026. BSP Verifier
Is time deposit interest still tax-free after five years?
Not for new deposits. Since July 1, 2025, under RA 12214 and BIR RR 21-2025, the 20% final tax applies whatever the term. BIR, Revenue Regulations No. 21-2025 digest
Which is better for savings, BDO or BPI?
For interest, neither pays much: BDO's highest covered savings rate is 0.0625% (ATM Savings, as listed on October 2, 2026) and BPI's covered rate is 0.0925% (#SaveUp, as listed on October 2, 2026). This comparison covers selected products at ₱100,000. Other accounts, conditions, fees and your access needs may change the choice. BDO rate page
Not covered here: business accounts, dollar accounts and investments such as bonds or UITFs. For a problem with an account, complain to the bank first, then to the BSP under RA 11765; for tax on income other than interest, see the income tax calculator.
What to do next
- Run your own amount and term in the time deposit and savings calculator, or compare time deposit rates.
- Open the bank's page above to check its maintaining balance, crediting schedule and fees before you open an account.
- Funding the new account from another bank? Compare InstaPay and PESONet fees.