| Bank | Base Rate | Boosted Rate | Max Rate Cap | Best For | Type |
|---|---|---|---|---|---|
| Maya Bank |
3.0% | 15% w/ mission completion |
₱100,000 Base rate applies above ₱100K |
Active users | Conditional |
| Tonik Bank |
4.0% Solo Stash |
4.5% Group Stash |
No cap Full balance eligible |
Goal savers | Stable |
| MariBank |
3.25% | 3.75% Above ₱1M balance |
₱1M minimum Need ₱1M+ to unlock 3.75% |
Set-and-forget | Stable |
| CIMB GSave / UpSave |
2.5% | 3.5% Prime tier (as of Apr 2026) |
₱1M min ADB Average daily balance required |
High balances | Tiered |
| GoTyme |
3.0% | 3.0% Flat, no conditions |
No cap Full balance eligible |
Beginners | Stable |
All rates are gross (pre-tax). The Philippine government withholds a 20% final tax on interest income at source. A 4.0% gross rate nets to 3.2% after tax. Always factor this in when comparing returns.
If you keep ₱50,000 in a traditional passbook, you're earning about ₱50–₱125 a year — barely enough for one cup of coffee. Put that same money in a high-yield digital bank account at 4%, and you're looking at ₱1,600 in interest after tax. That's a gain you can actually feel.
This guide cuts through the headline numbers — some of which require jumping through hoops to actually achieve — and tells you what each account genuinely pays, who it's right for, and how to build a simple savings setup that earns significantly more than the default.
⚠️ Stash requirement: The 4% and 4.5% rates are only earned on funds you actively move into a Solo or Group Stash. Money sitting in your main Tonik wallet earns a lower default rate. It's a one-time setup step — but you do have to do it.
BDO, BPI, or wherever you get your payroll. The low rate is the price of immediate ATM access and institutional familiarity in a pinch.
Tonik at 4.0% is the strongest option for money that needs to stay liquid. MariBank is a solid alternative if you prefer Sea Group's backing and a simpler app experience.
Tonik's 12-month time deposit at 8% p.a. is hard to beat for money you don't need immediately.
A HYSA is not a substitute for investing. Money you won't need for five or more years should be in S&P 500 UITFs, ETFs, or equivalent equity exposure — not a savings account, however high the rate.
If you have the extra cash, here's a setup worth considering: put ₱100,000 in Maya (earning 15% boosted on that first ₱100K) and ₱1,000,000 in Tonik (earning 4.5% Group Stash on the full balance). Combined, that's roughly ₱48,000 in interest per year after tax — without locking a single peso. That's a family vacation, a laptop, or six months of groceries, just sitting in accounts you should already have.
Last updated: 06/10/2026. Rates in the Philippine digital banking market change frequently. We update this article when material rate changes occur.