Bank Accounts in the Philippines
No-maintaining-balance savings, high-interest digital banks, and accounts tailored for kids, OFWs, and first-timers.
How to choose a savings account
UpSave Account
No maintaining balance, no initial deposit, and one of the highest interest rates from a BSP-supervised bank. Everything happens in the CIMB app.
Maya Savings
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).
UnionBank Online Savings
A no-maintaining-balance digital savings account from UnionBank, opened in-app in a few minutes. Replaces the older "EON Online Savings" branding.
OneAccount iSave
One account that works as both your everyday debit card and your savings. ₱0 initial deposit, tiered interest from 0.15% p.a.
eSecure Savings
A digital-first account from an established universal bank, reassuring if you want both an app and real branches nearby.
iSave Account
Tiered interest that rewards higher balances, from a bank with strong regional backing. A solid place to park an emergency fund.
eSavings Account
Open in minutes in the Metrobank app and get a debit card. A comfortable first digital account from a top universal bank.
Basic Deposit Account
A no-frills, BSP-mandated account designed for the unbanked. Now also available in-app as the "BDO Pay Basic Account".
Guides in this category
Disclosure: Card features, fees, and availability were last checked in June 2026 and can change without notice, so always confirm with the issuer before applying. Some links are referral links that may earn us a commission at no extra cost to you; this never affects which cards we feature or how we rank them. E-money issuers and banks here are supervised by the Bangko Sentral ng Pilipinas (BSP).