GoTyme Bank interest rates
GoTyme Bank's best account for ₱100,000 is GoalSave at 3.00% a year (GoTyme Bank rate page, as listed on October 2, 2026). Left for a year, ₱100,000 earns ₱2,426.58 after the 20% final tax, 8th of the 18 banks on this site.
Our take: keep only your day-to-day money at GoTyme Bank. For money you can set aside, UNOBank's #UNOboost Time Deposit leaves ₱1,973.42 more on the same ₱100,000 a year after tax (see UNOBank).
No bank pays to appear here or to change its position.
Licensed by the BSP as a digital bankGoTyme Bank Corporation (BSP short name GTYME) is on the BSP's list of supervised institutions as a digital bank with 1 office, and its deposits are insured by the PDIC up to ₱1,000,000 per depositor. BSP Verifier, Institutions list updated September 28, 2026
Next: see what you need to open an account, then open GoalSave from GoTyme Bank's own GoalSave page or the bank’s official app.
Interest calculator, after tax
- Interest you keep, after 20% final tax
- ₱2,426.58
- Gross interest
- ₱3,033.22
- Final tax withheld (20%)
- ₱606.64
- Rate used
- 3.00%
- Balance at the end
- ₱102,426.58
Savings: your balance stays at ₱100,000, interest is credited monthly and what is left after tax keeps earning.
Worked example, GoalSave: ₱100,000 × 3.00% (GoTyme Bank rate page, as listed on October 2, 2026), with the after-tax interest added each month, = ₱3,033.22 gross. Less the 20% final tax (₱606.64; RA 12214, BIR RR 21-2025 from July 1, 2025) = ₱2,426.58 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.
What you need to open an account
- Filipino applicants must be 18 or older and hold Philippine citizenship. bank page
- You need a Philippine or international mobile number not already linked to another GoTyme account. bank page
- Identity can be verified through PhilSys or one valid government ID such as a driver's license, UMID, passport, SSS ID, Postal ID, PRC ID or voter's ID. bank page
- Foreign nationals living in the Philippines can open an account with a valid passport and an ACR-I Card. bank page
Published rates, account by account
GoalSave
3.00% a year, grossAchieve your goals with GoalSave and earn 3.0% p.a. interest while watching your money grow.
Up to 5 GoalSaves. No minimum maintaining balance.
As listed on GoTyme Bank's rate page on October 2, 2026. GoTyme Bank
Maintaining balance, interest and fees
- MinimumsGoalSave has no minimum maintaining balance, and you can run up to 5 GoalSaves. bank page
- TaxGoTyme Bank 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.
Transfer fees
| InstaPay, personal | ₱0.00 to ₱9.00 in the BSP summary |
|---|---|
| PESONet, personal | Free |
| InstaPay, business | Not offered |
| PESONet, business | Not offered |
[InstaPay] 20 free transfers per month, P9.00 on the succeeding transfers starting on the 21st. As disclosed to the BSP, as of August 31, 2026. Moving money in or out: compare InstaPay and PESONet fees across banks.
Is your money insured?
The PDIC insures deposits 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). All your GoTyme Bank accounts in your own name are added together; anything above ₱1,000,000 there would not be insured if the bank closed. ₱1,500,000 kept as ₱1,000,000 at GoTyme Bank and ₱500,000 at another bank is fully insured; the same ₱1,500,000 at GoTyme Bank alone leaves ₱500,000 uninsured. PDIC
- Your single accounts and accounts held "by", "in trust for" or "for the account of" you at the same bank are added together as one.
- A joint account is insured separately from your single accounts, whether it uses "and", "or" or "and/or".
- Unless the account documents say otherwise, a joint account's insured amount is split equally among the co-owners.
- Your shares across several joint accounts at the same bank are added together and insured up to the maximum.
- Any loan you owe the closed bank is deducted from your deposits there.
- Investment products such as bonds, securities and trust accounts are not deposits and are not insured.
Rules from the PDIC deposit insurance brochure. Work out your own cover, joint accounts included, in the PDIC deposit insurance calculator.
On the BSP register
- Registered name
- GoTyme Bank Corporation
- BSP category
- Digital bank
- Head office
- 21st Floor, Units 3 and 4, work.able Giga Tower, Bridgetowne, 80 Eulogio Rodriguez Jr. Avenue, Brgy. Ugong Norte, Quezon City, Phillipines, 1110
- Offices
- 1
- President / Chief Executive Officer
- Mr. Nathaniel D. Clarke
- Website
- gotyme.com.ph
Not covered here: business, joint-trust and dollar accounts, and loans. For a problem with a GoTyme Bank account, complain to GoTyme Bank first, then to the BSP (BOB chatbot on bsp.gov.ph or consumeraffairs@bsp.gov.ph) under RA 11765; if the bank closes, claims go to the PDIC.
What to do next
- Open or check the account on GoTyme Bank's own site, and confirm the rate on your amount there before you deposit; banks change rates without notice.
- Compare the same amount across all 18 banks and 50 accounts in the time deposit and savings calculator.
- Holding more than ₱1,000,000? Split it across banks and check the result in the PDIC deposit insurance calculator.
Questions
Is GoTyme Bank safe?
The BSP Verifier list updated September 28, 2026 has GoTyme Bank Corporation as a digital bank, so its deposits are PDIC-insured up to ₱1,000,000 per depositor, per bank, effective March 15, 2025. BSP Verifier
Do I declare GoTyme Bank interest on my income tax return?
No. Since July 1, 2025, the 20% that GoTyme Bank withholds is a final tax under RA 12214 and BIR RR 21-2025, so the interest is not added to your taxable income. BIR, Revenue Regulations No. 21-2025 digest
What if GoTyme Bank closes?
File your deposit insurance claim with the PDIC within 2 years (24 months) of its takeover of the bank; its hotline is (02) 8841-4141 or (02) 8841-4000; toll free 1-800-1-888-7342 (1-800-1-888-PDIC); pad@pdic.gov.ph. source