Best Banks for Savings Account Philippines 2025: Where to Grow Your Money This Year

Choosing the best banks for savings account Philippines 2025 is more important than ever as interest rates, digital banking, and financial habits evolve. Whether you’re saving for emergencies, a big purchase, or simply want to grow your money securely, the right bank makes a difference.

In 2025, Filipinos are looking beyond just brand names. They want high interest savings accounts in the Philippines, minimal fees, digital convenience, and security. In this article, we’ll explore both digital and traditional banks in the Philippines, comparing features that matter the most.

What to Look for in a Savings Account This 2025

Before jumping into our list, it’s smart to understand the key features of a solid savings account:

• Interest Rates: A competitive annual interest rate helps your money grow faster. Some digital banks now offer 4-6% p.a.

• Maintaining Balance: A savings account with low maintaining balance or none at all is ideal for students or low-income earners.

• Digital Access: The rise of digital banks in the Philippines means banking anytime, anywhere.

• Reputation & Security: Make sure the bank is regulated by the BSP and covered by PDIC.

Top 7 Best Banks for Savings Account Philippines 2025

Here are the best options based on interest rates, features, and user satisfaction:

1. CIMB Bank – UpSave Account

CIMB continues to lead with one of the highest interest savings accounts in the Philippines. Their UpSave account offers up to 4% p.a. with no maintaining balance.

• Interest Rate: Up to 4% annually

• Maintaining Balance: None

• Platform: Fully digital

Ideal for: Digital-savvy savers looking for passive income through interest.

2. SeaBank

SeaBank has gained popularity for offering competitive rates and easy integration with ShopeePay.

• Interest Rate: Up to 5% p.a. (promo-based)

• Maintaining Balance: None

• Digital Experience: Seamless mobile app

Perfect for: Online shoppers and mobile-first users.

3. Tonik Bank – Stashes Account

Tonik offers innovative features like time deposits and “Stashes” that help you organize your savings goals.

• Interest Rate: Up to 4.5% p.a. (Stashes)

• Maintaining Balance: None

• Security: BSP licensed

Great choice for: Goal-based savers and freelancers.

4. UnionBank – Regular Savings

UnionBank is one of the best traditional banks in the Philippines adapting to digital trends.

• Interest Rate: Around 0.10–1%

• Maintaining Balance: PHP 10,000

• Bonus: Offers a robust app and stable service

Best for: Those who want a mix of physical branches and digital services.

5. BPI – SaveUp

BPI’s SaveUp is designed for young adults and students entering the world of banking.

• Interest Rate: 0.125%

• Maintaining Balance: PHP 1,000

• Access: Both mobile app and branches

Recommended for: Those looking for the best savings account for students Philippines.

6. Maya Bank – Personal Savings

Backed by PayMaya, Maya Bank’s savings product is gaining traction quickly with high interest and gamified features.

• Interest Rate: Up to 4% p.a.

• Maintaining Balance: None

• Bonus: Integrated with Maya wallet

Best for: Users who already use Maya for daily transactions.

7. Landbank – Regular Savings

For government employees and rural Filipinos, Landbank remains a strong traditional choice.

• Interest Rate: ~0.10%

• Maintaining Balance: PHP 500–1,000

• Strength: Wide rural presence

Good fit for: Rural savers and government payroll accounts.

Comparing Digital vs Traditional Banks in the Philippines (2025)

Tips for Maximizing Your Savings Account in 2025

• Use auto-deposit features to make saving a habit.

• Compare interest rates every 6 months; digital banks often run promos.

• Avoid fees by maintaining the required balance or choosing a no-maintaining account.

• Use multiple accounts if you have different goals.

FAQs on Best Banks for Savings Account Philippines 2025

1. Which bank offers the highest interest savings account in the Philippines in 2025?

As of 2025, SeaBank and Maya offer among the highest interest rates, reaching up to 5% annually depending on promos.

2. What is the best savings account for students in the Philippines?

BPI SaveUp and CIMB’s UpSave are great options due to their low to zero maintaining balances and mobile-friendly platforms.

3. Are digital banks in the Philippines safe?

Yes. Digital banks like CIMB, Tonik, and Maya are regulated by the Bangko Sentral ng Pilipinas (BSP) and insured by PDIC.

4. Can I open a savings account online in the Philippines?

Absolutely. Most digital banks allow 100% online account opening using valid IDs and selfies.

5. What’s better in 2025: digital or traditional banks?

If you’re after higher interest and mobile convenience, digital banks lead. For those who need in-person assistance or are based in rural areas, traditional banks remain reliable.

Final Thoughts

Finding the best banks for savings account Philippines 2025 depends on your financial goals, tech comfort, and how often you transact. For those chasing high returns and no fees, digital banks in the Philippines offer unbeatable value. But if you still prefer the familiarity of traditional banks in the Philippines, several are upgrading their online platforms to stay competitive.

Whichever you choose, the key is to start saving now. With the right account, your money doesn’t just sit—it grows.