The Direct Answer
Maya pays the highest anytime-access advertised rate at 12%. For locked savings, Tonik pays 8% on a 1-year time deposit. GoTyme pays 3% flat with no conditions. Rates and peso estimates below are before tax.
Digital bank interest rates Philippines 2026: full table
| Bank | Product | Advertised rate | Access |
|---|---|---|---|
| Maya | Savings | 12.00% | Withdraw anytime |
| Tonik | Time Deposit (1 yr) | 8.00% | Time locked |
| Salmon | Time Deposit (6 mo) | 6.00% | Time locked |
| UNO | #UNOboost Time Deposit (1 yr) | 5.50% | Time locked |
| OwnBank | Time Deposit (1 yr) | 5.20% | Time locked |
| Netbank | Time Deposit (1 yr) | 5.00% | Time locked |
| BanKo | Savings | 5.00% | Withdraw anytime |
| CIMB | Time Deposit (3 mo) | 4.25% | Time locked |
| GoTyme | Savings | 3.00% | Withdraw anytime |
| CIMB/GCash | Savings | 2.60% | Withdraw anytime |
Banks may deduct final withholding tax or other charges before interest reaches your account. Truva shows the rate as advertised so it matches what you see on the bank's own site or app.
Gross peso math for PHP 50K, PHP 100K, and PHP 250K
Percentages are abstract. Gross peso amounts make the tradeoff easier to scan.
On PHP 50,000
| Bank | Gross earnings/year | Gross monthly equivalent |
|---|---|---|
| Maya | PHP 6,000 | PHP 500 |
| Tonik (1 yr) | PHP 4,000 | PHP 333 |
| Salmon (6 mo) | PHP 3,000 | PHP 250 |
| BanKo | PHP 2,500 | PHP 208 |
| GoTyme | PHP 1,500 | PHP 125 |
On PHP 100,000
| Bank | Gross earnings/year | Gross monthly equivalent |
|---|---|---|
| Maya | PHP 12,000 | PHP 1,000 |
| Tonik (1 yr) | PHP 8,000 | PHP 667 |
| Salmon (6 mo) | PHP 6,000 | PHP 500 |
| BanKo | PHP 5,000 | PHP 417 |
| GoTyme | PHP 3,000 | PHP 250 |
On PHP 250,000
| Bank | Gross earnings/year | Gross monthly equivalent |
|---|---|---|
| Maya | PHP 30,000 | PHP 2,500 |
| Tonik (1 yr) | PHP 20,000 | PHP 1,667 |
| Salmon (6 mo) | PHP 15,000 | PHP 1,250 |
| BanKo | PHP 12,500 | PHP 1,042 |
| GoTyme | PHP 7,500 | PHP 625 |
On PHP 250,000, Maya's advertised rate produces PHP 30,000 gross per year. GoTyme produces PHP 7,500 gross. The right choice still depends on conditions, balance caps, and whether you need the money soon.
Run your exact balance
See what your savings could earn before tax
The calculator shows advertised rates and gross peso estimates for your own balance.
Withdraw anytime vs time locked: which suits you?
Not all digital bank products work the same way. The two main types trade flexibility for rate.
Withdraw anytime accounts let you pull money out whenever you want. No penalties. No waiting period. The rate is usually lower because the bank cannot count on your deposit staying.
Time locked accounts require you to commit your money for 3 to 12 months. Banks often pay more because they have certainty over your deposit.
The decision rule is simple. If you might need the money within 6 months, use a withdraw-anytime account. If you know you can lock it away, a time deposit can pay more. Compare the gross peso gap and the lock-in before moving money.
What tax means for interest earnings
Banks advertise the gross rate. Banks may deduct final withholding tax before interest reaches your account.
Truva savings listings show advertised rates and gross peso estimates. That keeps the comparison aligned with the bank's own public rate, while still reminding you that tax may be deducted later. Read our full guide on how the 20% final withholding tax works in the Philippines for the complete mechanics.
Digital bank rate changes in early 2026: what you need to know
Rates shifted significantly in the first quarter of 2026. Articles from 2025 may show numbers that no longer apply.
Maya: Base rate unchanged at 3.5%. The boosted rate of 12% requires monthly spend and Maya Easy Credit activity. The 12% rate applies only on the first PHP 100,000.
GoTyme: Base rate cut from 3.5% to 3% in January 2026. No boosted tier available. Simple 3% flat for all balances.
BanKo: Rate unchanged at 5% all year. No cuts announced. A reliable option if rate stability matters to you.
Tonik: Time deposit rates unchanged at 8%. Consistent premium over savings accounts.
We update this table weekly. If rates change again, this page reflects the current snapshot.
PDIC insurance: your money is protected up to PHP 1,000,000
Every BSP-licensed digital bank in the Philippines is covered by PDIC insurance, the Philippine Deposit Insurance Corporation.
Coverage limit: PHP 1,000,000 per depositor per bank.
What this means in practice:
- PHP 500,000 in Maya: fully covered
- PHP 1,000,000 in Maya: fully covered
- PHP 1,500,000 in Maya: only PHP 1,000,000 is protected
If your savings exceed PHP 1M, split across banks.
Frequently asked questions
Which digital bank pays the highest interest right now?
Maya pays 12%, the highest available anytime-access advertised rate in the Philippines as of April 2026. For locked savings, Tonik pays 8% on a 1-year time deposit.
Is 12% interest real or is there a catch?
The rate is real, but yes, there is a catch. You must complete the required monthly activity. Without the spending requirement, you earn the base rate.
The 12% rate applies only on the first PHP 100,000. Balances above that earn the base rate.
Are digital banks safe? Will the government protect my money if a bank closes?
Yes. All BSP-licensed digital banks are covered by PDIC up to PHP 1,000,000 per bank. If a bank closes, PDIC processes your claim and returns your money up to that limit.
Do I pay taxes on digital bank interest?
Yes. The 20% Final Withholding Tax is usually deducted by banks before interest hits your account. The rates and peso estimates above are before tax.
Which digital bank interest rate is right for you in 2026?
The digital bank rates landscape in 2026 is clearer than ever:
- Maya pays highest for flexibility - 12% advertised, if you meet the conditions.
- Tonik pays highest for lock-ins - 8% advertised, if you can commit 1 year.
- Taxes still matter - the rates above are before tax, so check the bank's terms before opening.
- Rates dropped in early 2026 - old articles show stale numbers; this table is updated weekly.
- PDIC protection is real - your money is safe up to PHP 1,000,000 per bank.
Pick the product that matches your situation. Then check back here when rates change.
