What you need to open an account
Our take: worth it for money you want to grow; UNOBank's #UNOboost Time Deposit pays ₱1,152.65 more a year on ₱100,000. Choose Solo Stash over the Time Deposit at base rates: it pays as much or more and you can withdraw any day. The exception: with the 1.00% bonus, the Time Deposit pays 4.50% (₱100,000 × 4.50% × 80% = ₱3,600.00 after tax for a year), but only if you keep at least ₱10,000 ADB in your Tonik savings account every month of the term.
No bank pays to appear here or to change its position.
Interest calculator, after tax
- Interest you keep, after 20% final tax
- ₱3,247.35
- Gross interest
- ₱4,059.19
- Final tax withheld (20%)
- ₱811.84
- Rate used
- 4.00%
- Balance at the end
- ₱103,247.35
Savings estimate: starts with ₱100,000, assumes no deposits or withdrawals, and compounds after-tax interest monthly. Your bank may calculate or credit interest on a different schedule.
Example, Solo Stash: ₱100,000 × 4.00% (Tonik rate page, as listed on October 2, 2026), with the after-tax interest added each month, = ₱4,059.19 gross. Less the 20% final tax (₱811.84; RA 12214, BIR RR 21-2025 from July 1, 2025) = ₱3,247.35 you keep. Compare it with every savings account in the digital bank rankings.
This estimate uses 20% final tax on ordinary deposit interest for a resident individual 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). Qualifying instruments issued before July 1, 2025 may retain their previous tax treatment until their original maturity; non-resident treatment can also differ. See final withholding tax and time deposit vs MP2 after tax.
When to skip it
- Group Stash: the boosted 4.50% has conditions (4.50% when the owner and at least 2 participants save in the stash); the figures here use the 4.00% base rate.
Published rates, account by account
Tonik Account
1.00% a year, grossTonik Account, end of day balance: 1.00% per annum.
As listed on Tonik's rate page on October 2, 2026. Tonik
Group Stash
4.00% a year, grossGroup Stash: 4.00%, or 4.50% for the owner plus at least 2 participants.
Boost: up to 4.50%. 4.50% when the owner and at least 2 participants save in the stash.
Time Deposit
3.50% to 4.00% a year, gross6 months: 4% + 1% p.a.; 9, 12, 18 and 24 months: 3.50% + 1% p.a.
Rates effective 24 August 2026.
Bonus: 1.00%. An extra 1% p.a. is paid at payout if you keep at least ₱10,000 ADB in your Tonik savings account every month of the term.
| Term | Any amount |
|---|---|
| 6 months | 4.00% |
| 9 months | 3.50% |
| 12 months | 3.50% |
| 18 months | 3.50% |
| 24 months | 3.50% |
Effective August 24, 2026, per Tonik's rate page. Tonik
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 |
|---|---|---|---|
| Tonik Account | Not on Tonik's rate page | Not on Tonik's rate page | The first peso |
| Solo Stash | Not on Tonik's rate page | Not on Tonik's rate page | The first peso |
| Group Stash | Not on Tonik's rate page | Not on Tonik's rate page | The first peso |
| Time Deposit | Not on Tonik's rate page | Not applicable | The first peso |
- When interest is paidThe 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. bank page
- TaxTonik withholds 20% of the gross interest each time it credits interest, so the amount you see is already net under the standard resident-individual treatment used here. The tax is on interest, not the deposit itself. BIR RR 21-2025 provides different treatment for some non-residents and preserves qualifying pre-July 1, 2025 instruments for their remaining original maturity. Ask the bank if either exception applies to your account.
Transfer fees
| InstaPay, personal | ₱8.00 in the BSP summary |
|---|---|
| PESONet, personal | ₱8.00 |
| InstaPay, business | ₱8.00 |
| PESONet, business | ₱8.00 |
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 Tonik 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 Tonik and ₱500,000 at another bank is fully insured; the same ₱1,500,000 at Tonik 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.
Licensed by the BSP as a digital bankTonik Digital Bank, Inc. (BSP short name TONDB) 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
On the BSP register
- Registered name
- Tonik Digital Bank, Inc.
- BSP category
- Digital bank
- Head office
- Unit 605B, 6/F West Wing, The Estancia Offices, Meralco Ave., 1605 Pasig City, Metro Manila
- Offices
- 1
- President
- Mr. Grygorii Krasnov
- Website
- tonikbank.com
Not covered here: business, joint-trust and dollar accounts, and loans. For a problem with a Tonik account, complain to Tonik 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 Tonik'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 Tonik safe?
The BSP Verifier list updated September 28, 2026 has Tonik Digital 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 Tonik interest on my income tax return?
For a resident individual with ordinary deposit interest subject to final withholding, that interest is not added again to income taxed at graduated rates. This comparison uses 20% final tax under RA 12214 and BIR RR 21-2025. Non-resident treatment and qualifying older instruments can differ; confirm your classification with the bank. BIR, Revenue Regulations No. 21-2025 digest
What if Tonik 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