Compare digital bank savings products in the Philippines

Yes — every digital bank on this page is regulated by the BSP (Bangko Sentral) and insured by PDIC up to ₱500,000 per depositor. That means even if the bank closes, your deposit is covered up to that ceiling.

Most digital banks offer more than one savings product. The headline savings might be 4% p.a. while a locked-in time deposit pays 6%, or a tiered savings boosts to 12% for active wallet users. We list every variant separately so you can pick the one that matches how you actually save.

Yes, and most savers should. PDIC insurance is per bank, not per person — so spreading ₱500k across two banks gives you ₱1M of coverage. Two-bank stacks are common: one for daily spending, one for emergency fund.

GCash itself isn't a bank — GSave is a savings product offered through CIMB inside the GCash app. Maya is a full digital bank (Maya Bank Inc.) regulated by the BSP. If you want a bank account that lives inside GCash, GSave is the answer; if you want a standalone digital bank, Maya is the closer comparison.

All quoted rates are nominal annual percentage yields (p.a.), credited monthly or daily depending on the product. A 4% p.a. headline on ₱100,000 means roughly ₱333/month before withholding tax (20% on local interest).

Most digital banks have no minimum maintaining balance. The "minimum" you may see refers to the band where the highest interest tier kicks in — locked-in or time-deposit products often need a one-time placement of ₱5,000-₱100,000.