GCash Savings Interest Rate 2026: Rates & Tips
GCash savings options in 2026 range from 2.6% (GSave by CIMB) to 5% (UNOReady time deposits). No minimums, right inside the app. Here's the actual math.
Salary just dropped in your GCash, and you've got an extra P10,000 from overtime. Instead of spending it, here's what it could earn sitting in one of GCash's savings accounts.
GCash savings rates in 2026 run from 2.6% to 5% per year. Not life-changing, but a lot better than zero.
What's available inside GCash
GSave by CIMB offers 2.60% per year. No minimum deposit, no maintaining balance. You can start earning on as little as P0.01. If your GCash account isn't upgraded, you're capped at P100,000 in yearly deposits. Upgrading (just verify your ID in the app) removes that limit.
UNO Ready by UNOBank uses tiered rates based on your end-of-day balance:
- P0.01 to P4,999.99: 3.00% p.a.
- P5,000 to P4,999,999.99: 3.50% p.a.
- P5M and up: drops to 1.00%
No minimum deposit. Daily deposit limit is P50,000, monthly is P100,000.
UNO Ready also offers time deposits: 4.50% for 3-5 months, 4.75% for 6-11 months, 5.00% for 12 months. Minimum P5,000, maximum P100,000 per placement, up to 5 time deposits at once.
Other options like EzySave+ by Maybank (0.35%) or basic GSave (0.0925%) aren't worth the effort at those rates.
eC-Savings by Cebuana Lhuillier Rural Bank offers 3.5% with the same no-minimum rules. Decent, but UNO Ready edges it out with tiered rates.
What you actually earn
P10,000 in GSave by CIMB for a 31-day month: Gross interest: (10,000 x 0.026 x 31) / 360 = P22.39. After 20% tax: P17.91.
P5,000 in UNO Ready (3.50% tier): Daily: 5,000 x 0.035 / 365 = P0.48. Monthly: about P14.80 net.
P50,000 in a UNO Ready time deposit at 5% for 12 months: Gross: about P2,500. Net after tax: P2,000.
Interest for regular savings usually credits monthly. Promos may take up to 14 business days.
Why most people earn less than they should
Not upgrading their GCash account. If you're stuck at the P100K deposit limit, you can fix that in 5 minutes with a valid ID.
Forgetting the 20% withholding tax. It's automatic. Always calculate your net earnings, not gross.
Keeping under P5,000 in UNO Ready. That's the threshold for the jump from 3% to 3.5%. Worth keeping above.
Chasing old promo rates. Those 8% rates are long gone. Current reality is 2.6-5%.
Leaving money in low-yield spots. UNO Ready or GSave beat basic savings accounts by a wide margin.
I had P20,000 sitting idle in my regular GCash wallet. Moving it to UNO Ready added about P58/month, or P700/year. Not huge, but it's money that was earning nothing before.
How to start
- Open GCash, go to the Savings tab.
- Pick GSave by CIMB or UNO Ready.
- For GSave: tap "Open Now," transfer from your wallet. No fees.
- For UNO Ready: same process. Choose regular savings or time deposit. Keep P5,000+ daily for the better rate.
- If not upgraded: Profile > Verify > selfie + ID.
- Set up auto-transfer through GCash's Save Money feature.
Track earnings under Statements. Withdraw anytime (GSave allows up to P500K/day, UNO Ready has daily deposit caps).
Rate outlook for 2026
These rates are holding steady as of March 2026. Digital banks are competing, but BSP regulation keeps things fairly stable.
With inflation around 3-4%, these rates roughly keep pace. Compare with Maya or Tonik, but GCash usually wins on convenience.
Risk is low. PDIC insured up to P500K per bank.
Make it routine
Salary drops on the 15th? Auto-save P2,000 to UNO Ready.
Freelance payout? Put P10,000 into a 5% time deposit.
Remittance from abroad? Split it: P20,000 to GSave for easy access, P30,000 into a time deposit.
The 20% tax applies even if your interest is under P20,000/year. That's just how it works.
Compared to BPI or BDO savings at 0.1-0.25%, GCash savings accounts earn 10-50x more on the same balance.
