BPI savings account rates

Worked example, #SaveUp: ₱100,000 × 0.0925% (BPI rate page, as listed on October 2, 2026), with the after-tax interest added each month, = ₱92.53 gross. Less the 20% final tax (₱18.51; RA 12214, BIR RR 21-2025 from July 1, 2025) = ₱74.03 you keep. Compare it with every savings account in the digital bank rankings.

The 20% final tax applies from July 1, 2025 under Sections 24(B)(1) and 25(A)(1) of the Tax Code, as amended by RA 12214 (Capital Markets Efficiency Promotion Act) (BIR, RR 21-2025). It replaced the old exemption for deposits of five years or more; see the final withholding tax and time deposit vs MP2 after tax.

• BPI says you can open a deposit account at any BPI branch with one valid ID. bank page
• Filipino citizens can use IDs such as the PhilID or ePhilID, a driver's license, passport, UMID, SSS ID, TIN ID, PRC ID, Postal ID or Voter's ID. bank page
• Students or minors can use the PhilID or ePhilID, a PSA birth certificate, or a school ID signed by the school head. bank page
• Foreign nationals can open an account using a PhilID for resident aliens, an Alien Certificate of Registration, or a foreign passport. bank page
• New clients can open a deposit account online, but only through the BPI app, not on a tablet or laptop. bank page
• For online opening you need a National ID, driver's license, passport, Postal ID, SSS ID, PRC ID or UMID, plus a selfie taken on your phone. bank page
• The account new clients can open online is #SaveUp. bank page
• #SaveUp needs an initial deposit of ₱1 and has no required monthly average daily balance. bank page
• A new #SaveUp account starts with a ₱30,000 account limit. bank page
• The BPI Passbook savings account needs a ₱10,000 initial deposit and a ₱25,000 minimum monthly average daily balance. bank page

• #SaveUp: skip it if your balance usually sits under ₱5,000, because it pays no interest below that.
• Jumpstart Savings: skip it if your balance usually sits under ₱2,000, because it pays no interest below that.
• Maxi-Saver: skip it if your balance usually sits under ₱2,000,000, because it pays no interest below that.

• When interest is paidSavings interest is credited quarterly, except Maxi-Saver, which credits monthly. The account must still be open on the crediting date to receive it. bank page
• Minimums#SaveUp pays nothing on days the balance is under ₱5,000; Jumpstart pays nothing under ₱2,000 and asks for a ₱1,000 monthly average daily balance. bank page
• TaxBPI withholds 20% of the gross interest each time it credits interest, so the amount you see is already net. Since July 1, 2025 (RA 12214; BIR RR 21-2025) this applies to every deposit term and to dollar deposits too. The deposit itself is not taxed.

As disclosed to the BSP, as of August 31, 2026. Moving money in or out: compare InstaPay and PESONet fees across banks.

Registered name

Bank of the Philippine Islands

BSP category

Universal and commercial bank

Head office

Ayala Triangle Gardens Tower 2, Paseo De Roxas corner Makati Avenue, 1226 Makati City

Offices

890

President and Chief Executivev Officer

Mr. Jose Teodoro K. Limcaoco

Website

bpi.com.ph

BSP Verifier, Institutions list updated September 28, 2026

1. Open or check the account on BPI's own site, and confirm the rate on your amount there before you deposit; banks change rates without notice.
2. Compare the same amount across all 18 banks and 50 accounts in the time deposit and savings calculator.
3. Holding more than ₱1,000,000? Split it across banks and check the result in the PDIC deposit insurance calculator.