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Savings Accounts · 2026

14 Best Savings Accounts With No Maintaining Balance in the Philippines

Keep your account open at ₱0 and still earn interest. We compared fees, rates, and requirements across the country’s top digital and traditional banks so you can open the right one today.

SBC
Reviewed by the
ShopByCards Editorial
Last updated June 2026
12 min read

TL;DR: the best account for you

Best overall
CIMB UpSave
₱0 maintaining + 2.50% interest
 Best for high interest
Maya Savings
3.0% base, up to 15% boost on ₱100K
 Best digital-first
UnionBank Online Savings
₱0 maintaining, opened in-app
 Best all-in-one
RCBC OneAccount iSave
Debit + savings in one
 Best for first-timers
BDO Basic Account
Open at a branch or in BDO Pay, ₱0

How we chose & scored

Every account is scored out of 10 across five factors. We weight what matters most to everyday Filipinos: keeping the account free, and easy access from your phone.

Maintaining balance · 30% Fees · 25% Interest · 20% Ease of opening · 15% Access · 10%

The best accounts, reviewed

#1
CIMB Bank Digital savings
5421 •••• •••• 0917
UpSave Account
Best overall
CIMB Bank

UpSave Account

Digital savings · Open via CIMB app
9.4 / 10

No maintaining balance, no initial deposit, and one of the highest interest rates from a BSP-supervised bank. Everything happens in the CIMB app.

Maintaining
₱0
Initial deposit
₱0
Interest p.a.
2.50% p.a.
Fees
₱0
Pros
Zero maintaining balance, for life
Up to 2.50% interest p.a., computed daily
Free InstaPay & PESONet transfers
Cons
App-only, with no branch network
Physical card ships in 5 to 7 days
Check requirements Read full review
#2
Maya Digital bank
5333 •••• •••• 4108
Maya Savings
Best for high interest
Maya

Maya Savings

Digital bank · Open via Maya app
9.2 / 10

Built into the Maya wallet. Pays 3.0% p.a. base, boostable up to 15% p.a. on balances up to ₱100,000 with promo activities (Easy Credit spend, credit-card approval, and similar).

Maintaining
₱0
Initial deposit
₱0
Interest p.a.
3.0% base, up to 15% boost
Fees
₱0
Pros
No maintaining balance or initial deposit
Up to 15% p.a. boost on first ₱100K with promo activities
Pay, save and shop in one app
Cons
Boosted rates require qualifying activities
Base rate dropped from 3.5% → 3.0% in 2026
Check requirements Read full review
#3
UnionBank Digital savings
4042 •••• •••• 3128
UnionBank Online Savings
Best for branch-backed digital
UnionBank

UnionBank Online Savings

Digital savings · Open via UnionBank Online app
8.6 / 10

A no-maintaining-balance digital savings account from UnionBank, opened in-app in a few minutes. Replaces the older "EON Online Savings" branding.

Maintaining
₱0
Initial deposit
₱0
Interest p.a.
Re-verify before launch
Fees
₱0
Pros
No maintaining balance
Backed by a universal bank
Easy InstaPay / PESONet transfers
Cons
Interest rate lower than pure digital banks (Maya, CIMB)
EON Prepaid Visa is no longer available
Check requirements Read full review
#4
RCBC Debit + savings
5366 •••• •••• 8902
OneAccount iSave
Best all-in-one
RCBC

OneAccount iSave

Debit + savings · Open via RCBC app / branch
8.4 / 10

One account that works as both your everyday debit card and your savings. ₱0 initial deposit, tiered interest from 0.15% p.a.

Maintaining
₱0
Initial deposit
₱0
Interest p.a.
0.15%–0.20% p.a. (tiered)
Fees
₱0
Pros
Spend and save from a single account
Free debit Mastercard included
₱0 maintaining balance, ₱0 initial deposit
Cons
Earn interest only above ₱5,000 ADB
Tiered rates are modest (0.15%–0.20% p.a.)
Check requirements Read full review
#5
Security Bank Digital savings
4111 •••• •••• 2289
eSecure Savings
Best for branch + app
Security Bank

eSecure Savings

Digital savings · Open via Security Bank app
8.6 / 10

A digital-first account from an established universal bank, reassuring if you want both an app and real branches nearby.

Maintaining
₱0
Initial deposit
₱500
Interest p.a.
0.25% p.a.
Fees
₱0
Pros
No maintaining balance
Backed by a large branch network
Free fund transfers
Cons
₱500 initial deposit
Lower rate than pure digital banks
Check requirements Read full review
#6
Maybank Online savings
5432 •••• •••• 6601
iSave Account
Best for bigger balances
Maybank

iSave Account

Online savings · Open via Maybank app
8.5 / 10

Tiered interest that rewards higher balances, from a bank with strong regional backing. A solid place to park an emergency fund.

Maintaining
₱0
Initial deposit
₱0
Interest p.a.
Up to 0.88% p.a.
Fees
₱0
Pros
No maintaining balance online
Higher tiers earn more interest
ATM access via Maybank cards
Cons
Best rates need large balances
Fewer branches than the big four
Check requirements Read full review
#7
Metrobank Digital savings
4108 •••• •••• 9912
eSavings Account
Best bank-backed digital
Metrobank

eSavings Account

Digital savings · Open via Metrobank app
8.4 / 10

Open in minutes in the Metrobank app and get a debit card. A comfortable first digital account from a top universal bank.

Maintaining
₱0
Initial deposit
₱0
Interest p.a.
0.0625% p.a.
Fees
₱0
Pros
No maintaining balance
Trusted, established bank
Debit card for ATM & online use
Cons
Very low interest
Debit card has a one-time fee
Check requirements Read full review
#8
BDO Basic savings
4111 •••• •••• 0042
Basic Deposit Account
Best for first-timers
BDO

Basic Deposit Account

Basic savings · Open via BDO Pay app or any BDO branch
8.3 / 10

A no-frills, BSP-mandated account designed for the unbanked. Now also available in-app as the "BDO Pay Basic Account".

Maintaining
₱0
Initial deposit
₱0
Interest p.a.
0.0625% p.a.
Fees
₱0
Pros
No maintaining balance
₱0 to open (in-branch or in-app)
Largest branch & ATM network
Cons
Balance capped at ₱100,000 (BSP rule)
Modest interest
Check requirements Read full review

Side-by-side comparison

Account Maintaining Initial Interest Open via Score
UpSave Account
CIMB Bank
 ₱0 ₱0 2.50% p.a. CIMB app 9.4 / 10
Maya Savings
Maya
 ₱0 ₱0 3.0% base, up to 15% boost Maya app 9.2 / 10
UnionBank Online Savings
UnionBank
 ₱0 ₱0 Re-verify before launch UnionBank Online app 8.6 / 10
OneAccount iSave
RCBC
 ₱0 ₱0 0.15%–0.20% p.a. (tiered) RCBC app / branch 8.4 / 10
eSecure Savings
Security Bank
 ₱0 ₱500 0.25% p.a. Security Bank app 8.6 / 10
iSave Account
Maybank
 ₱0 ₱0 Up to 0.88% p.a. Maybank app 8.5 / 10
eSavings Account
Metrobank
 ₱0 ₱0 0.0625% p.a. Metrobank app 8.4 / 10
Basic Deposit Account
BDO
 ₱0 ₱0 0.0625% p.a. BDO Pay app or any BDO branch 8.3 / 10
UpSave Account
CIMB Bank
9.4 / 10
Maintaining
₱0
Initial
₱0
Interest
2.50% p.a.
Open via
CIMB app
Maya Savings
Maya
9.2 / 10
Maintaining
₱0
Initial
₱0
Interest
3.0% base, up to 15% boost
Open via
Maya app
UnionBank Online Savings
UnionBank
8.6 / 10
Maintaining
₱0
Initial
₱0
Interest
Re-verify before launch
Open via
UnionBank Online app
OneAccount iSave
RCBC
8.4 / 10
Maintaining
₱0
Initial
₱0
Interest
0.15%–0.20% p.a. (tiered)
Open via
RCBC app / branch
eSecure Savings
Security Bank
8.6 / 10
Maintaining
₱0
Initial
₱500
Interest
0.25% p.a.
Open via
Security Bank app
iSave Account
Maybank
8.5 / 10
Maintaining
₱0
Initial
₱0
Interest
Up to 0.88% p.a.
Open via
Maybank app
eSavings Account
Metrobank
8.4 / 10
Maintaining
₱0
Initial
₱0
Interest
0.0625% p.a.
Open via
Metrobank app
Basic Deposit Account
BDO
8.3 / 10
Maintaining
₱0
Initial
₱0
Interest
0.0625% p.a.
Open via
BDO Pay app or any BDO branch

Methodology & disclosure

Figures shown are for illustration and were last verified in June 2026; banks change fees, interest rates and requirements without notice, so always confirm with the provider before opening. We independently research every account using public rate sheets and the providers’ own apps. No bank pays for placement, and referral fees never change a product’s score or position. All providers featured are supervised by the Bangko Sentral ng Pilipinas (BSP) and deposits are insured by the PDIC up to ₱500,000 per depositor. This article is general information, not personalised financial advice.

Top pick: CIMB UpSave
₱0 maintaining · 2.50% interest
Open account