If you want to grow your savings in 2025, digital banks in the Philippines are a smart choice.
They often provide higher interest rates than traditional banks and let you manage your money anytime through your phone.
Here’s how.
Why Digital Banking Is Booming in the Philippines
With busy schedules, unpredictable weather, and heavy traffic making it more difficult to visit physical branches, many Filipinos are turning to digital banking.
It’s fast, easy to use, and accessible from anywhere, making it a perfect fit for today’s lifestyle:
Increased Smartphone Adoption and Internet Penetration
More Filipinos now own smartphones and have affordable internet access.
This makes it easier to carry out transactions like paying bills and transferring money without setting foot inside a bank.
Demand for Convenient and Paperless Transactions
Digital banks let you open accounts, deposit money, and pay bills in minutes, no long lines or paperwork needed.
This convenience is a big reason why many are switching to app-based banking.
LGU Declarations and Remote Banking Needs During Emergencies
Typhoons, floods, and other events can lead local government units (LGUs) to suspend work and classes.
When this happens, digital banks give you 24/7 access so you can still manage your money safely from home.
How to Choose a High-Interest Digital Bank
Not all digital banks are the same, and interest rates can differ, but that’s not the only thing to consider.
Here are the key factors to look into before opening an account:
Comparing Annual Interest Rates
Start by looking at each bank’s annual interest rate (AIR). Even a small difference, like 4% vs. 6%, can have a big impact on your earnings over time.
Check if the rate is fixed or promotional, and whether it applies to your entire balance or only up to a certain amount.
Minimum Deposit and Balance Requirements
Most digital banks don’t require a minimum balance, making them easy to open and maintain.
However, interest rates can still vary depending on how much you deposit. Some banks offer higher rates for larger balances, while smaller deposits may earn slightly less.
Choose one that works best for your savings goals.
Digital Security and FDIC/PDIC Insurance
Make sure the bank is one of the Banko Sentral ng Pilipinas (BSP) licensed digital banks with strong security measures like two-factor authentication and data encryption.
Also, check if it’s covered by the Philippine Deposit Insurance Corporation (PDIC) or, if it’s an international bank, the FDIC.
As of March 15, 2025, PDIC coverage has increased to Php 1 million per depositor, per bank, double the previous limit of Php 500,000. This means your deposits are now better protected if the bank goes under.
Choosing the best digital banks in the Philippines helps keep your money safe – while growing it through better interest rates.
User Interface and Customer Service Reliability
A good banking app should be easy to use and bug-free.
Read reviews to see if the app runs smoothly and if customer support is helpful and responsive, especially during emergencies.
Best Digital Banks in the Philippines for 2025
These digital banks stand out for their competitive interest rates, useful features, and customer-friendly services:
Tonik Digital Bank
Tonik Bank’s savings rate helps your money grow faster with high returns, lets you organize funds through customizable stashes, and lock in higher returns with a digital time deposit, all managed conveniently in one simple app.
Maya Bank
Maya Bank stands out as a digital bank because it lets you create multiple “stashes” for different savings goals, each with its own target and deadline.
Sometimes, there are even promos like the past Maya Bank 15% interest by completing special in-app “missions.”
These missions include tasks like paying bills on the app, spending a certain amount using Maya QR or card, buying prepaid load, or using Maya Easy Credit.
These missions can boost your interest rate to 10% or more for a limited time.
Plus, if you’re using the Maya wallet, transferring funds between your savings and wallet is seamless, making it easy to save and spend without delays.
SeaBank
SeaBank’s digital interest accounts let your savings grow daily, with a fast and easy sign-up that needs only minimal documents.
It also credits interest to your account every day, so your overall balance starts growing from the moment you deposit.
CIMB Bank
CIMB high interest rate savings are easy to access because the account is built right into your GCash app.
You can open an account in minutes, track your balance anytime, and transfer money instantly, no need to visit a bank or fill out lengthy forms.
Plus, you earn competitive interest rates with no lock-in period, so you can withdraw anytime without losing your earnings.
Sometimes, there are promos that can boost your interest rates for up to a limited time, making your savings grow even faster.
UnionDigital Bank
UnionDigital Bank Philippines is a trusted digital bank by UnionBank that offers high interest rates to help grow your savings faster. It also provides strong security to protect your money and reliable customer support.
You can also easily open an account through GSave on GCash, making banking more convenient.
As a time deposit digital bank, UnionDigital Bank offers flexible time deposit accounts with competitive rates to help you grow your savings securely.
If you’re looking for flexible options, UNOBank digital savings also offers competitive rates and easy-to-use features for Filipino savers.
GoTyme Bank
GoTyme Bank’s Go Save lets you set aside money without complicated requirements: no caps, no minimum balance, and no tasks to complete.
You can open up to five separate Go Save accounts for different goals and use features like auto-save and “save your change” to make saving effortless.
They also offer USD time deposits, giving you more options to grow your savings with competitive rates in US dollars.
Here’s a comparison chart of the interest rates as of August, 2025:
Common Misconceptions About Digital Banking
Many people have doubts about digital banks. Let’s clear up some common myths:
“Digital Banks Aren’t Real Banks”
Digital banks are fully licensed and regulated by the Bangko Sentral ng Pilipinas, just like traditional banks.
Your money is safe and often insured by the Philippine Deposit Insurance Corporation (PDIC).
“High Interest Means Higher Risk”
High interest rates from digital banks don’t necessarily mean your money is at risk.
These banks follow strict rules and security measures to keep your deposits protected.
“You Can’t Withdraw Cash Easily”
Most digital banks let you withdraw cash through partner ATMs or linked apps like GCash.
You can also transfer funds instantly to other banks or services to access your money anytime.
Safety, Reliability, and Data Security Concerns
As more and more people use digital banks, it’s normal to wonder if they are safe and reliable.
Many safe digital banks in the PH are licensed by the Bangko Sentral ng Pilipinas and insured by the Philippine Deposit Insurance Corporation (PDIC), giving you the same protection as traditional banks.
Understanding the security features and protections in place can help you bank confidently online.
What Makes Digital Banks Safe
The top digital banks in the Philippines prioritize strong security measures to protect your money and personal data.
This includes two-factor authentication (2FA), encryption of sensitive information, and continuous monitoring for suspicious activities.
Many are also regulated and licensed by the BSP, ensuring they meet strict safety standards.
How to Protect Your Account From Phishing and Fraud
Even with the best online banks in the Philippines, it’s important to stay vigilant. Here are some tips to keep your account safe:
- Never share your login details or OTP (one-time password) with anyone.
- Be cautious of suspicious emails, messages, or links asking for personal information.
- Always use official banking apps and websites to access your account.
- Enable security features like two-factor authentication (2FA) for extra protection.
- Regularly update your passwords and avoid using the same one for multiple accounts.
- Monitor your account activity frequently to spot any unauthorized transactions early.
How Digital Banks Support Customers During Disruptions
When unexpected events happen like severe weather or government-declared work suspensions, the best fintech banks in the Philippines can keep your finances accessible even when physical branches are closed.
24/7 Mobile Access vs. Physical Branch Limitations
Digital banks let you manage your money anytime and anywhere through your phone or computer.
Unlike traditional banks that may close during emergencies or outside business hours, digital banks give you round-the-clock access to your accounts, transfers, and payments.
Banking During LGU-Declared Work Suspensions
During local government unit (LGU) declared suspensions of work and classes due to typhoons or floods, many people rely on digital banking to pay bills, transfer funds, and access savings without leaving home.
Frequently Asked Questions
Here are answers to some common questions about the best digital banks in the Philippines to help you understand how it works and what to expect.
Are digital banks safe for long-term savings?
Yes. Digital banks licensed by the BSP follow strict regulations and use strong security measures.
Deposits are often insured by the Philippine Deposit Insurance Corporation (PDIC) up to Php 1 million.
Do digital banks offer loans and credit cards?
Many digital banks now offer loans, credit cards, and other financial products. Check with your chosen bank for specific services available.
What happens if my digital bank shuts down?
If a digital bank closes, your deposits are protected up to Php 1 million by the PDIC. You will be informed about the next steps to claim your money.
Can I open multiple accounts in different digital banks?
Yes, you can open savings accounts with multiple digital banks to take advantage of different features and interest rates.
Conclusion: Banking Smart in 2025
Digital banking gives you the tools to save, grow, and access your money anytime.
Choosing the best digital banks in the Philippines means enjoying competitive interest, strong security, and features that work for your lifestyle.
Pair that with a steady income, and you can reach your financial goals faster.
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