Maya Savings Account Review 2026: 15% Interest?
Maya Savings starts at 3.5% per year, and can hit 15% on your first P100,000 through spending missions. No minimum balance, PDIC insured. Here's what the math actually looks like.
Who hasn't found forgotten money in their wallet, crumpled and past its prime? When I heard about Maya Savings hitting 15% interest on the first P100,000, I had to check if it was real.
It is, but there's a catch. You have to complete missions — deposits, bill payments, card spending. The base rate without missions is 3.5% per year, which is already much better than the 0.1% most traditional banks give you.
Why Maya Savings Beats Most Bank Accounts
Traditional banks offer 0.1% to 1% per year. Maya starts at 3.5% on your total balance up to P5 million. No maintaining balance required. Interest is credited daily, minus 20% tax.
The boost to 15% only applies to the first P100,000, and you have to earn it through Maya's missions — deposit money, pay bills, use your Maya Card or QR for purchases. Beyond P100,000, you're back to 3.5%.
On P50,000 at the base rate, you earn about P4.80 per day gross. At 15%, that's around P20.50 daily. That's your coffee.
You can also open up to 5 Personal Goals accounts with rates from 4% to 8% on up to P100,000 each, without missions. Withdraw anytime, no lock-in. Good for specific targets like a gadget fund or condo downpayment.
Maya Bank is BSP-regulated and PDIC insured up to P1 million per depositor.
How to Open a Maya Savings Account
Takes about 5 minutes.
- Download or update the Maya app. Old versions sometimes don't show the missions.
- Sign up with your mobile number and verify your ID digitally.
- Tap Savings on the home screen, then "Start saving now." You get a 12-digit account number.
- Deposit from your wallet. Minimum P1,000 for some boosts. Transfer is instant.
- Check the Missions tab for boost requirements. Example: deposit P250 and spend P500 via card to unlock 15%.
- Withdraw to your wallet, other banks, or ATMs (free up to certain limits).
Use your 11-digit Maya number for non-bank transfers.
Actual Peso Earnings (Gross, Pre-Tax)
Daily interest = balance x rate / 365.
- P100,000 at 15%: around P41 per day, or P1,230 per month gross.
- P100,000 at 3.5%: about P9.60 per day.
- P200,000 split: P100k at 15% (P41/day) + P100k at 3.5% (P9.60/day) = P50.60 daily.
After 20% tax on the 15% tier, you're looking at about P32.80 per day net.
Personal Goals at 8% on P100,000 earn without extra effort.
Common Mistakes
- Wrong deposit source for promos. Only wallet deposits count, not loans or enterprise transfers.
- Outdated app. Mission alerts won't show if you haven't updated.
- Fee traps. Free transfers and ATM withdrawals are usually limited to 5 per month. After that, P50-P100 per transaction.
- The cap. 15% only applies to the first P100,000. Everything above earns 3.5%.
- Putting all your money in one place. Link a traditional bank as backup. PDIC caps total insurance at P1 million per depositor.
You can't have more than 5 Personal Goals.
Maya vs Other Digital Banks
| Feature | Maya Savings | GCash GSave (CIMB) | Tonik | UnionDigital | |---------|-------------|-------------------|-------|-------------| | Base Rate | 3.5% p.a. | 2.6% p.a. | 4% p.a. | 6% p.a. (promo) | | Max Boost | 15% (P100k) | None | 4.5% | 10% (limited) | | Min Deposit | None | None | None | None | | PDIC | P1M | P500k | P500k | P600k | | Effort | App missions | Simple | App-only | App + missions |
If you're active — paying bills, shopping with QR — Maya's boost system rewards what you're already doing. If you want something more passive, UnionDigital's base rate is higher but promo-dependent.
Personal Goals are underrated. 8% with no missions on up to P100k per goal.
Weekly Savings Rhythm
- Payday: move P5,000-P10,000 from wallet to savings.
- Midweek: pay bills through Maya (counts toward missions).
- Weekend: use QR at Puregold or your Maya card at stores.
End-of-day balance determines your interest. Split larger amounts into Goals.
If you're saving P20-40k monthly, this setup works well. Over P500,000, consider mixing in time deposits.
Who This Is For
Good if you want quick access to your money, you're already shopping with QR or card, or you're starting with zero fees.
Skip if you deal mostly in cash (ATM fees add up), you don't use your phone for banking, or you're managing large balances that need different investment vehicles.
The base rate alone beats most traditional banks. The boost is a bonus for people who were going to use Maya anyway.
