Best Banks for Savings Account Philippines 2025: Updated Banking Guide for Smart Savers
Choosing the best banks for savings account Philippines 2025 isn’t just about brand loyalty anymore. With the rise of digital banks in the Philippines, higher interest rates, and low-to-zero fees, banking in 2025 offers more flexible and profitable options for Filipinos who want to grow their money.
This guide breaks down traditional and digital banks, interest rates, account features, and the best picks for different saving goals—whether you’re starting from scratch or switching for better returns.
What to Look for in a Savings Account in 2025
Before diving into the list, here’s what matters most in choosing the right savings account:
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Interest rate (maximize passive income)
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Initial deposit and maintaining balance
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Ease of access (mobile apps, online transfers)
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Fees (dormancy fees, withdrawal charges)
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Security (PDIC insured, reliable customer service)
Many savers are now leaning toward no maintaining balance savings account options that don’t penalize you for keeping your money accessible.
1. Maya Bank – Best for High Interest and Daily Payouts
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Interest rate: Up to 15% p.a. (promo-based, with conditions)
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Maintaining balance: None
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PDIC insured: Yes
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App experience: Fully digital
Maya Bank continues to be one of the best banks for savings account Philippines 2025 because of its aggressive interest promos and seamless app experience. It’s a solid choice for those prioritizing high interest savings account Philippines options.
2. Tonik – Best for Long-Term Goals
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Interest rate: 4%–6% p.a. (depending on product)
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Maintaining balance: None
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Unique feature: Time Deposit Stashes for goal-based saving
Tonik appeals to disciplined savers looking to lock in money for higher returns. With its banking options 2025 focused on simplicity and returns, it’s a top pick for long-term planners.
3. UnionBank – Best Traditional Bank with Digital Efficiency
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Interest rate: ~0.10% p.a. (standard)
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Maintaining balance: ₱10,000 (varies per account type)
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Digital features: Excellent online banking and mobile app
If you prefer a mix of physical branches and app support, UnionBank bridges the gap. While not the highest in terms of savings interest rates, it’s reliable and tech-forward—ideal for business owners or freelancers.
4. SeaBank – Best for Simple Saving Without the Fine Print
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Interest rate: Up to 4.5% p.a.
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Maintaining balance: None
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Withdrawals: Unlimited free transfers
Backed by Sea Group (Shopee), SeaBank has quickly gained popularity for its no-nonsense approach. As of 2025, it remains among the most recommended digital banks in the Philippines due to its competitive rates and user-friendly interface.
5. CIMB Bank – Best for Budget-Conscious Savers
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Interest rate: 2.6% to 8% p.a. (tiered, promo-based)
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Maintaining balance: None
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Bonus: Tied-in with GCash for seamless integration
CIMB continues to lead for those who want the best of both digital banking and everyday money management. It’s one of the best banks for savings account Philippines 2025 for young professionals and first-time savers.
Comparison Table: Top Savings Accounts in 2025
| Bank | Interest Rate (p.a.) | Maintaining Balance | Type |
|---|---|---|---|
| Maya | Up to 15% (promo) | None | Digital |
| Tonik | 4%–6% | None | Digital |
| UnionBank | ~0.10% | ₱10,000 | Traditional |
| SeaBank | Up to 4.5% | None | Digital |
| CIMB | 2.6%–8% | None | Digital |
Best Picks Based on Your Saving Style
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For high returns: Maya or Tonik
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For zero fees: SeaBank or CIMB
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For traditional banking with strong digital tools: UnionBank
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For integrating with e-wallets: CIMB (via GCash)
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For short-term saving goals: SeaBank
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For time-locked goals: Tonik Time Deposit
FAQs: Best Banks for Savings Account Philippines 2025
1. What is the highest interest savings account in the Philippines as of 2025?
Maya offers the highest promotional rate, up to 15% per annum, but it’s subject to specific usage conditions. For stable rates, Tonik and SeaBank are solid options.
2. Are digital banks in the Philippines safe in 2025?
Yes. Licensed digital banks like Maya, Tonik, CIMB, and SeaBank are regulated by the Bangko Sentral ng Pilipinas and insured by PDIC up to ₱500,000.
3. Which savings accounts have no maintaining balance?
SeaBank, CIMB, Tonik, and Maya all offer no maintaining balance savings account options—ideal for low-income earners or students.
4. Can I have multiple savings accounts?
Yes. Diversifying accounts can help you organize finances (e.g., one for emergency fund, one for travel savings) and take advantage of varied savings interest rates.
5. How often are interest earnings paid?
It varies: SeaBank and CIMB pay interest daily, while others pay monthly. Check specific bank terms for payout frequency.
Final Thoughts
In a market flooded with choices, the best banks for savings account Philippines 2025 are those that match your saving style, income level, and financial goals. Whether you prefer traditional institutions or agile digital banks in the Philippines, the right pick helps your money grow while keeping it accessible.
With the continued evolution of banking options in 2025, it pays—literally and figuratively—to stay informed and be intentional with where you keep your money.