Maya Bank interest rates
Maya Bank's best account for ₱100,000 is Time Deposit Plus (12 months) at up to 5.50% a year (Maya Bank rate page, effective October 1, 2026). Left for a year, ₱100,000 earns up to ₱4,400.00 after the 20% final tax, 1st of the 18 banks on this site.
Our take: worth it for money you want to grow; it is in the top 3 on this site for ₱100,000. Choose the Time Deposit Plus if you will not need the money for 12 months: it pays up to ₱1,973.42 more than Maya Savings. If you might, stay in Maya Savings.
No bank pays to appear here or to change its position.
Licensed by the BSP as a digital bankMaya Bank, Inc. (BSP short name MAYA) 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 Time Deposit Plus from Maya Bank's own Time Deposit Plus page or the bank’s official app.
Interest calculator, after tax
- Interest you keep, after 20% final tax
- ₱4,400.00
- Gross interest
- ₱5,500.00
- Final tax withheld (20%)
- ₱1,100.00
- Rate used (published top rate)
- 5.50%
- Balance at the end
- ₱104,400.00
Time deposit: simple interest for 12 months (365 days over 365), paid at maturity. This bank publishes only its top rate, so your actual rate may be lower. Interest is earned on up to ₱1,000,000.
Worked example, Time Deposit Plus, 12 months: ₱100,000 × 5.50% (Maya Bank rate page, effective October 1, 2026) × 365 days ÷ 365 = ₱5,500.00 gross. Less the 20% final tax (₱1,100.00; RA 12214, BIR RR 21-2025 from July 1, 2025) = ₱4,400.00 you keep. Compare it with every bank's rate for the same term in time deposit rates.
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
When to skip it
- Maya Savings: the boosted 15.00% has conditions (Boosted rates depend on using Maya for payments and growing your balance); the figures here use the 3.00% base rate.
- Time Deposit Plus: Maya Bank publishes only a top rate, so ask for the rate on your amount and term before you place money.
- Time Deposit Plus: interest is earned on up to ₱1,000,000 only, so do not park more than that in one account.
Published rates, account by account
Maya Savings
3.00% a year, grossStart with a base rate of 3% p.a. and grow it all the way up to 15% p.a. daily.
Interest is computed daily on the end-of-day balance and credited daily.
Boost: up to 15.00%. Boosted rates depend on using Maya for payments and growing your balance.
As listed on Maya Bank's rate page on October 2, 2026. Maya Bank
Time Deposit Plus
up to 5.50% a year, grossAll Time Deposit Plus accounts start with a guaranteed 3.5% p.a. that you can boost up to 5.50% p.a. when you reach your target amount and date.
Starts at a guaranteed 3.5% p.a. and goes up to 5.50% p.a. once you reach your target amount and complete the term. Interest is earned on up to ₱1 million per account, up to 5 accounts. These rates apply to accounts opened from 1 October 2026. You need an upgraded Maya account; cancelling early costs a cancellation fee.
| Term | Any amount |
|---|---|
| 3 months | 5.50% |
| 6 months | 5.50% |
| 12 months | 5.50% |
Effective October 1, 2026, per Maya Bank's rate page. Maya Bank
Every bank's time deposit rates side by side: time deposit rates.
Maintaining balance, interest and fees
| Account | Opening deposit | Maintaining balance | Earns interest from |
|---|---|---|---|
| Maya Savings | Not on Maya Bank's rate page | Not on Maya Bank's rate page | The first peso |
| Time Deposit Plus | Not on Maya Bank's rate page | Not applicable | The first peso |
- When interest is paidMaya Savings earns interest on each day's end-of-day balance and credits it the next day, net of tax. Time Deposit Plus interest is credited monthly, on the first calendar day of the next month. bank page
- Early withdrawal or closingCancelling a Time Deposit Plus early pays the base interest accrued so far but not the boosted interest accrued after the last crediting date. bank page
- Dormant accountsA savings account with no deposit or withdrawal for 2 years becomes dormant and earns no interest. Maya Bank's fee table lists the dormancy fee, charged from 5 years after the last activity, as waived. bank page
- TaxMaya 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 | ₱10.00 in the BSP summary |
|---|---|
| PESONet, personal | Free |
| InstaPay, business | ₱0.00 to ₱10.00 |
| PESONet, business | Free |
[PN/IP] PESONet and InstaPay transfers (for Corporate clients) are FREE until further notice. 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 Maya 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 Maya Bank and ₱500,000 at another bank is fully insured; the same ₱1,500,000 at Maya 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
- Maya Bank, Inc.
- BSP category
- Digital bank
- Head office
- 6th Floor Launchpad Building, Reliance Corner Sheridan Streets, Mandaluyong City
- Offices
- 1
- President
- Mr. Simeon Angelo S. Madrid
- Website
- mayabank.ph
Not covered here: business, joint-trust and dollar accounts, and loans. For a problem with a Maya Bank account, complain to Maya 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 Maya 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 Maya Bank safe?
The BSP Verifier list updated September 28, 2026 has Maya Bank, Inc. 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 Maya Bank interest on my income tax return?
No. Since July 1, 2025, the 20% that Maya 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 Maya 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