By Edielyn Mangol, Reporter
Choosing the right place to grow your money has never been more exciting — or more challenging. In just a few years, digital banks have gone from being the “new kids” in Philippine finance to serious contenders that often outperform traditional banks in savings rates, convenience, and user experience.
With six BSP-licensed players competing head-to-head, Filipinos now have more choices than ever when it comes to saving, spending, and managing their finances on the go.
Digital banking has revolutionized how Filipinos save, spend, and manage their money. With the Bangko Sentral ng Pilipinas (BSP) licensing six fully digital banks, the competition is fierce—and that’s great news for consumers. Whether you’re focused on growing your savings, transferring money seamlessly, or finding the most intuitive mobile app, there’s a digital bank designed for you.
In this article, we compare all BSP-licensed digital banks in the Philippines as of 2025: Maya, GoTyme, Tonik, UnionDigital, UNOBank, and OFBank. We break down their interest rates, account features, security, customer service, and app usability—so you can find the best digital bank Philippines 2025 based on your financial goals.
What is a digital bank?
A digital bank is a type of bank that operates mainly online, without the need for physical branches. So, instead of visiting a branch, customers can easily manage their finances through a mobile app or a website —whether it’s opening an account, transferring money, paying bills, or even applying for a loan.
This makes digital banks a convenient choice for people who want quick and easy access to banking services anytime, anywhere. And while they don’t have traditional brick-and-mortar offices, digital banks are still licensed and regulated to ensure that customer deposits and transactions are safe.
What makes digital banks stand out is their ability to use technology to make banking faster, simpler, and more affordable. Because they don’t carry the same overhead costs as traditional banks, they can offer perks like lower fees, higher interest on savings, and user-friendly tools that help you track your spending.
Many also come with smart features like instant transfers, real-time notifications, and seamless connections to digital wallets. For today’s tech-savvy generation, digital banks bring a fresh, modern approach to managing money.
With just a smartphone and valid ID, you can open an account, earn interest, apply for loans, and even invest. The BSP began issuing digital bank licenses in 2021, with a cap of 6 players to ensure stability and innovation.
Quick comparison: Interest rates (2025)
When it comes to choosing a digital bank, one of the biggest factors people look at is the interest rate. Higher rates mean your money grows faster, whether it’s parked in a regular savings account or locked into a time deposit. Unlike traditional banks that often stick to lower rates, digital banks compete by offering more attractive returns, along with special promos to draw in customers.
Below is a quick comparison of some of the leading digital banks in the Philippines and what they’re offering in 2025:
| Digital Bank | Base Savings Rate | Time Deposit Rate | Best Promo |
|---|---|---|---|
| Maya | 3.5% + boost | Up to 6% | 8% via Personal Goals (until Dec 31) |
| Tonik | 4%–4.5% | 6% (6-month TD) | None currently |
| UNOBank | 4.25% | Up to 6.5% | 6% (12-month TD until Oct 31) |
| UnionDigital | ~4% | Up to 6.75% | Time deposits |
| GoTyme | 3.5% | No TD yet | 5% promo (limited) |
| OFBank | Not published | N/A | N/A |
Maya Bank: Best for high interest and all-in-one features
Maya continues to lead the digital banking scene with its unbeatable combination of high interest rates and all-in-one features. Savers can earn up to 8% per year through its “Personal Goals” promo (until December 31, 2025), while the base rate of 3.5% can be boosted through gamified app activities like Maya Easy Credit. For those looking at fixed returns, Maya’s Time Deposit Plus offers 5.5% to 6% depending on the term.
Beyond savings, the Maya app is designed to be a true financial hub, combining e-wallet functions, banking services, crypto trading, loans, and even QR payments in one sleek, user-friendly platform. Account opening is instant with just one valid ID, and users can enjoy both free virtual and physical debit cards. Regulated by the BSP and PDIC-insured up to ₱500,000, Maya also provides 24/7 in-app support. While there are occasional reports of delayed interest postings, funds remain secure—making Maya ideal for those who want growth, convenience, and a fully integrated digital banking ecosystem.
Tonik: Best for time deposits and stylish UX
Tonik made its mark as one of Southeast Asia’s first neobanks, and it has carved out a strong niche for customers who value straightforward, high-yield savings. Its unique “Stash” system allows users to save individually (4% per year) or in groups (4.5% per year), making saving more collaborative. For bigger returns, Tonik’s time deposits deliver an impressive 6% annually for a six-month term, without the need for special missions or promos.
What stands out is its simplicity—users can opt for monthly payout options and enjoy fast, reliable interest crediting. Licensed by the BSP and PDIC-insured, Tonik also scores highly for customer service and app performance. It’s the perfect fit for savers looking for no-fuss, medium-term deposits wrapped in a stylish, easy-to-use app.
UNOBank: Best for flexible deposit options
UNOBank appeals to users who want flexibility in how they grow and access their savings. Its regular UNOready savings account offers 4.25%, while time deposit products like UNOboost go up to 6.5% per year. For those seeking steady income, UNOearn provides monthly payout deposit options. As a bonus, a limited promo runs until October 31, 2025, with up to 6% for 12-month deposits.
Beyond rates, the app comes with features like goal-setting tools, spending insights, and auto-saving functions, giving customers a smarter way to manage funds. Fully regulated by the BSP and with PDIC insurance, UNOBank ensures security while continuously improving its app performance.
With its mix of flexibility and innovative saving tools, UNOBank is best suited for people looking to balance growth, accessibility, and passive income.
UnionDigital Bank: Best for time deposit lovers
UnionDigital Bank stands out for those who want to maximize returns on time deposits while enjoying the stability of an established banking ecosystem. Its regular savings accounts yield around 4% per year, but its time deposits go as high as 6.75% — among the highest in the market.
Beyond savings, the bank offers QRPH payments, mobile top-ups, NFC-enabled transactions, and a unique UBEH Pay card that combines debit and credit functions in one. Backed by UnionBank’s infrastructure, UnionDigital brings both innovation and reliability to its users.
As a BSP-regulated and PDIC-insured bank, it provides the security customers expect. For anyone who wants to park large sums and earn maximum fixed returns, UnionDigital is a strong choice for serious savers.
GoTyme Bank: Best for fast signups and lifestyle perks
GoTyme is a favorite among beginners and lifestyle-driven savers thanks to its quick onboarding and integration with Robinsons’ retail ecosystem. You can open an account in under five minutes at a mall kiosk or online, and get a free debit card instantly linked to the GoRewards loyalty program.
Its Go Save account offers 3.5% per year, with occasional promos boosting it to 5% annually. The app is smooth, straightforward, and designed for hassle-free use, especially for those who like pairing savings with shopping perks.
As with other digital banks, it is fully BSP-regulated and PDIC-insured. For casual savers and shoppers who want convenience plus rewards, GoTyme delivers a practical blend of banking and lifestyle benefits.
OFBank: Best for OFWs and overseas transactions
Unlike other digital banks that focus on maximizing interest rates, OFBank is designed with overseas Filipinos in mind. Backed by LandBank and the Philippine government, it focuses on utility and accessibility rather than growth.
Through Visa Direct remittances, multi-purpose loans, and digital onboarding that can be completed abroad, OFBank offers an essential bridge for OFWs managing money from overseas. It also supports both peso and USD accounts, making it easier for families to handle multi-currency needs.
Fully regulated by the BSP and PDIC-insured, OFBank prioritizes security and reliability. While it doesn’t compete in the high-interest savings game, it is best for OFWs who need dependable remittance services and seamless connections to Philippine banking.
Which digital bank should you choose?
With so many options available, the “best” digital bank really depends on what you value most—whether it’s growing your savings, enjoying a seamless app, or having features tailored for overseas transactions.
To make it easier, we’ve put together a quick cheat sheet that highlights the top choices in the Philippines for 2025, based on different priorities and lifestyles.
| Priority | Best Digital Bank |
|---|---|
| High-interest savings | Maya, UNOBank, UnionDigital |
| Best for time deposits | UnionDigital, Tonik, UNOBank |
| OFW-friendly features | OFBank |
| App experience & usability | Maya, Tonik |
| Retail integration | GoTyme |
| All-around banking & investing | Maya |
Summary of the best features of each digital dank (Philippines 2025)
With so many digital banks now competing in the Philippines, it can be tricky to figure out which one fits your needs best. Some shine with high interest rates, while others focus on seamless app experiences, flexible savings tools, or perks like rewards and free transfers.
To help you get a clearer picture, here’s a quick summary of the standout features of each digital bank in 2025 — from their best rates to the unique benefits that set them apart.
| Digital Bank | Best Interest Rate | Best For | App & UX | Unique Features / Perks |
|---|---|---|---|---|
| Maya Bank | Up to 8% p.a. (Personal Goals promo until Dec 31) | All-in-one banking, high-yield savings | Highly rated, modern UI, gamified features | – App combines wallet, banking, crypto, credit, investing- “Missions” to boost rates- Free transfers & debit card |
| Tonik | 6% p.a. (Time Deposit) | Time deposits, medium-term savings | Sleek and simple UI | – “Stashes” for solo/group saving goals- Monthly payout TD options- Fast interest crediting |
| UNOBank | Up to 6.5% p.a. (UNOboost) | Flexible deposits with passive income | Easy to use, improving steadily | – Monthly income option (UNOearn)- Auto-saving tools- Goal-based savings |
| UnionDigital | Up to 6.75% p.a. (Time Deposit) | High-value savers, existing UnionBank users | Stable and reliable | – Combines debit + credit in one virtual card (UBEH Pay)- NFC and QRPH-enabled- Backed by UnionBank |
| GoTyme | 3.5%–5% p.a. (depending on promos) | Fast onboarding, retail shopping | Smooth app, simple interface | – Open account in 5 mins via kiosks- Integrated with GoRewards- Physical card instantly available |
| OFBank | Not published (focus is remittance) | OFWs, overseas users | Functional, basic | – Multi-currency support (USD + PHP)- Remit via Visa Direct- Backed by LandBank (gov’t owned) |
Final tips for digital banking in 2025
Before you dive in and choose your digital bank, here are a few smart tips to help you get the most out of your money this year.
- Mix and match accounts – Don’t stick to just one bank. Using multiple digital banks lets you maximize promo rates and enjoy different perks.
- Track promo deadlines – High interest rates often come with end dates (e.g., Maya’s 8% ends Dec 31, 2025), so stay updated to avoid surprises.
- Check for BSP license & PDIC insurance – Always make sure your chosen bank is legit and your deposits are protected.
- Prioritize security – Turn on two-factor authentication (2FA), never share your OTPs, and only download apps from official app stores.
Make the switch: Your future is digital
The rise of digital banks in the Philippines is reshaping the financial landscape. With high-yield options, intuitive apps, and rapid onboarding, 2025 is the best time to optimize your money through digital means.
Whether you’re chasing 8% interest, managing your remittances, or just want a banking app that actually works — there’s a digital bank that fits your life.
Ready to choose your bank? Check the promo deadlines, open your account, and more importantly, start earning more — digitally.
