UnionDigital Bank interest rates
UnionDigital Bank's best account for ₱100,000 is UD Save at 3.00% a year (UnionDigital Bank rate page, effective February 25, 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 UnionDigital 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). Choose UD Save over the Time Deposit at base rates: it pays as much or more and you can withdraw any day.
No bank pays to appear here or to change its position.
Licensed by the BSP as a digital bankUnionDigital Bank, Inc. (BSP short name UDB) 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 UD Save from UnionDigital Bank's own UD Save 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, UD Save: ₱100,000 × 3.00% (UnionDigital Bank rate page, effective February 25, 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
Published rates, account by account
UD Save
3.00% to 3.25% a year, grossBelow P5 Million: 3.00%. P5 Million and above: 3.25%.
Rates for individual savings accounts effective 25 February 2026.
| Balance | Rate a year |
|---|---|
| ₱0 to ₱4,999,999 | 3.00% |
| ₱5,000,000 and up | 3.25% |
Effective February 25, 2026, per UnionDigital Bank's rate page. UnionDigital Bank
Time Deposit
2.50% to 3.15% a year, grossFrom 3.15% for 30 to 59 days down to 2.50% for 1 year.
Rates for individual time deposits effective 5 September 2025.
| Term | ₱1,000 to ₱999,999 | ₱1,000,000 to ₱4,999,999 | ₱5,000,000 to ₱9,999,999 | ₱10,000,000 and up |
|---|---|---|---|---|
| 30 to 59 days | 3.15% | 3.15% | 3.15% | 3.15% |
| 60 to 89 days | 3.10% | 3.10% | 3.125% | 3.125% |
| 90 to 119 days | 3.00% | 3.00% | 3.10% | 3.10% |
| 120 to 179 days | 2.75% | 2.75% | 2.80% | 2.80% |
| 180 to 364 days | 2.65% | 2.65% | 2.70% | 2.70% |
| 1 year | 2.50% | 2.50% | 2.50% | 2.50% |
Effective September 5, 2025, per UnionDigital Bank's rate page. UnionDigital 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 |
|---|---|---|---|
| UD Save | Not on UnionDigital Bank's rate page | Not on UnionDigital Bank's rate page | The first peso |
| Time Deposit | ₱1,000 | Not applicable | ₱1,000 |
- When interest is paidInterest is calculated daily on end-of-day balances and credited monthly. UnionDigital states that all deposit interest is subject to 20% withholding tax. bank page
- TaxUnionDigital 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 | Free in the BSP summary; ₱10.00 on UnionDigital Bank's own fee page |
|---|---|
| PESONet, personal | Free |
| InstaPay, business | Free |
| PESONet, business | Free |
As disclosed to the BSP, as of August 31, 2026. UnionDigital Bank's own rates page lists InstaPay at ₱10.00 and PESONet free, while the BSP summary lists InstaPay as free; the app shows the fee that applies before you confirm. UnionDigital Bank 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 UnionDigital 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 UnionDigital Bank and ₱500,000 at another bank is fully insured; the same ₱1,500,000 at UnionDigital 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
- UnionDigital Bank, Inc.
- BSP category
- Digital bank
- Head office
- 41st Flr. UnionBank Plaza, Meralco Ave. cor. Onyx and Sapphire Roads, Bgy. San Antonio Ortigas Center, 1605 Pasig City
- Offices
- 1
- President and Chief Executive Officer
- Mr. Danilo J. Mojica, II
- Website
- uniondigitalbank.io
Not covered here: business, joint-trust and dollar accounts, and loans. For a problem with a UnionDigital Bank account, complain to UnionDigital 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 UnionDigital 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 UnionDigital Bank safe?
The BSP Verifier list updated September 28, 2026 has UnionDigital 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 UnionDigital Bank interest on my income tax return?
No. Since July 1, 2025, the 20% that UnionDigital 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 UnionDigital 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