Banking & Savings · High-Yield Savings

Best High-Yield Savings Accounts in the Philippines (Aug 2026): Up to 15%

Your BDO or BPI savings account is probably earning 0.10% a year. Digital banks are paying 3.5% to 6%+ right now — on the same peso, with the same PDIC insurance. Here's where your money should actually be sitting.

Updated on 08/05/2026 · 9 min read

Best high-yield savings rates in the Philippines

⚡ Rates at a Glance — Aug 2026

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	2.3%	2.8% Prime tier (as of Jun 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.

The Best Accounts, Ranked

Best for Active Users · #1 Headline Rate

Maya Bank

Up to 15% p.a. — but you'll have to earn it

Base Rate

3.0%

p.a. guaranteed

Base Rate (no conditions) 3.0%

Boosted Rate (missions completed, first ₱100K) up to 15%

Min. Balance

₱0

BSP License

Full Digital Bank

Interest Accrual

Daily, credited monthly

Est. Earnings — ₱100K

₱12,000/yr net

At 15% boosted · after 20% tax

Est. Earnings — ₱1M

₱33,600/yr net

₱100K at 15%, ₱900K at 3% base · after tax

Pros

Highest potential rate in the market
Most Filipinos already have the app
Free PESONet & InstaPay transfers
Earns interest daily

Cons

Boosted rate requires monthly "missions"
Base rate of 3.0% is below most no-condition alternatives
Rate structure changes frequently
Not ideal for passive, set-and-forget savers

MoneyHub Take: Maya wins on headline numbers but rewards hustle, not passivity. If you use Maya anyway for payments and QR — great, the rate is a bonus. If you're parking cash and forgetting about it, the 3.0% base rate is the worst unconditional rate in this roundup. Tonik or MariBank are better defaults.
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Best for Goal-Based Saving · Most Transparent

Tonik Bank

4% Solo Stash, 4.5% Group Stash — but you need to move funds into a Stash to earn it

Base Rate

4.0%

p.a. / 4.5% Group Stash

Solo Stash 4.0%

Group Stash (up to 5 people) 4.5%

Time Deposit (12-month) 8.0%

⚠️ 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.

Min. Balance

₱0

Interest Accrual

Daily, credited monthly

Time Deposit

Up to 8% p.a.

Est. Earnings — ₱100K

₱3,600/yr net

At 4.5% Group Stash · after 20% tax

Est. Earnings — ₱1M

₱36,000/yr net

At 4.5% full balance · after 20% tax

Pros

No monthly missions or spending conditions
Stash system separates goals inside one account
Time deposit up to 8% for money you won't need soon
Now operationally profitable — stronger long-term footing

Cons

Must move funds into a Stash — not automatic on deposit
App experience less polished than Maya
Time deposits lock funds for the full term
No physical kiosks or branches

MoneyHub Take: Tonik's 4% isn't completely hands-off — you need to park funds in a Solo Stash to earn it, rather than leaving them in the main wallet. That's a one-time step, not a monthly chore like Maya's missions. Once set up, the rate is consistent and unconditional. The stash system is genuinely useful for goal-based savers, and the 8% time deposit for 12 months is one of the strongest locked-savings rates in the market.
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Best for High Balances · Tiered Rate

CIMB Bank PH

2.3% base rising to 2.8% Prime — but you need ₱1M ADB to unlock it

Base Rate

2.3%

p.a. / 2.8% Prime tier

UpSave / GSave (standard) 2.3%

Prime tier (₱1M min. ADB) 2.8%

Parent Company

CIMB Group Malaysia

Interest Accrual

Daily, credited monthly

Prime Unlock

₱1M avg. daily balance

Est. Earnings — ₱100K

₱1,840/yr net

At 2.3% base (can't unlock Prime) · after 20% tax

Est. Earnings — ₱1M

₱22,400/yr net

At 2.8% Prime tier · after 20% tax

Pros

Established Southeast Asian banking group
GSave accessible directly inside GCash
No minimum balance to open
Longer operating track record than newer entrants

Cons

Base rate of 2.3% is the lowest in this roundup
Prime tier rate lowered to 2.8% in June 2026 (down from 3.5%)
₱1M ADB requirement makes Prime tier inaccessible for most

MoneyHub Take: CIMB lowered its rates again in June 2026 — the base dropped to 2.3% and the Prime tier to 2.8% (from 3.5%), taking effect that month. The 2.3% base is now the worst in the field, and the 2.8% Prime rate still requires ₱1M in average daily balance. Hard to recommend over Tonik or MariBank unless you're already embedded in the GCash ecosystem.
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Best for Set-and-Forget · Sea Group Backing

MariBank (formerly SeaBank)

Rebranded in late 2025 — 3.25% standard, 3.75% above ₱1M

Base Rate

3.25%

p.a. / 3.75% above ₱1M

Standard Savings (below ₱1M) 3.25%

Savings (above ₱1M balance) 3.75%

Parent Company

Sea Group (Shopee / Garena)

Interest Accrual

Daily, credited monthly

2026 Forbes Ranking

#1 Digital Bank, PH

Est. Earnings — ₱100K

₱2,600/yr net

At 3.25% base (below ₱1M) · after 20% tax

Est. Earnings — ₱1M

₱30,000/yr net

At 3.75% above ₱1M · after 20% tax

Pros

Sea Group's financial strength is a real backstop
Simple, clean interface — minimal friction
Ranked #1 digital bank by Forbes Philippines 2026
Upfront interest time deposit (3.75%, 3-month)
Natural fit for Shopee shoppers already in the Sea ecosystem

Cons

Rates cut in January 2026 from higher levels
3.25% base is below Tonik at the same conditions
Rebranding from SeaBank may confuse users mid-setup

MoneyHub Take: MariBank's rate cut in January 2026 dropped it below Tonik on a straight comparison. The Sea Group backing and Forbes #1 ranking give it credibility, and the upfront interest time deposit is a genuinely interesting feature — but for pure savings rate, Tonik is the better pick for most people.
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Best for Beginners · Easiest Onboarding

GoTyme Bank

3% flat — the simplest savings account in the Philippines

Base Rate

3.0%

p.a. flat, no conditions

GoTyme Account (no conditions) 3.0%

Backers

Gokongwei + Tyme Group

Physical Kiosks

Robinsons malls nationwide

Interest Accrual

Daily, credited monthly

Est. Earnings — ₱100K

₱2,400/yr net

At 3.0% flat · after 20% tax

Est. Earnings — ₱1M

₱24,000/yr net

At 3.0% flat · after 20% tax

Pros

Zero conditions — 3% is what you get
Kiosk onboarding in Robinsons for non-tech users
Strong institutional backing (JG Summit / Gokongwei)
Clean, low-friction app experience

Cons

Lowest rate in this roundup
No boosted or tiered rate options
Rate was cut from 5% to 3% in early 2026

MoneyHub Take: GoTyme's rate cut from 5% to 3% at the start of 2026 is disappointing. It remains useful as an entry point — especially via kiosk for users uncomfortable with fully digital onboarding — but it's no longer the rate leader it once was. Use it alongside a higher-rate account, not as your primary HYSA.
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How to Choose

📊

Look at the effective rate, not the headline

Maya's 15% requires completing monthly missions. If you won't, the relevant number is 3.0%. Always ask: what do I actually earn with zero extra effort?

🛡️

Know your PDIC limit

As of March 2025, the PDIC covers ₱1,000,000 per depositor per bank — up from ₱500,000. If you have more than ₱1M to park, split across two banks to keep everything fully insured.

🔓

Liquidity vs. return tradeoff

Time deposits (Tonik's 8% for 12 months) pay more because your money is locked. Only use them for funds you're certain you won't need during the term.

📅

Promotional rates expire

The Philippine digital banking market is competitive and rates move. Set a calendar reminder every 6 months to verify you're still on the best deal.

A Simple Savings Setup

Keep 1–2 months at your traditional bank

BDO, BPI, or wherever you get your payroll. The low rate is the price of immediate ATM access and institutional familiarity in a pinch.

Move your emergency fund (3–6 months of expenses) to a HYSA

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.

Lock surplus savings in a time deposit

Tonik's 12-month time deposit at 8% p.a. is hard to beat for money you don't need immediately.

Invest anything with a 5+ year horizon

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.

💡

MoneyHub Recommended: Stack Both for Maximum Returns

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.

Frequently Asked Questions

The PDIC insures your deposits up to ₱1,000,000 per depositor per bank. If a bank is closed by the BSP, the PDIC processes claims and pays out insured deposits. Claims are typically paid within a few months of bank closure. Money above the ₱1M limit is at risk, which is why splitting large balances across multiple banks matters.

No. Banks can and do adjust rates without much notice. GoTyme cut its savings rate from 5% to 3% in early 2026. MariBank trimmed rates in January 2026. Promotional rates advertised during campaign periods may revert after the promo window ends. The best practice is to check your actual rate in-app every quarter.

They serve different purposes. A HYSA is for money you might actually need — your emergency fund, a target you're saving toward in the next 1–2 years. UITFs (especially S&P 500-tracking funds) are for long-term wealth growth. You need both. Don't put your emergency fund in a UITF and risk needing to redeem at a market low. Don't park your 20-year retirement savings in a 4% savings account and lose to inflation and opportunity cost.

Last updated: 08/05/2026. Rates in the Philippine digital banking market change frequently. We update this article when material rate changes occur.