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Bank & Product Name Interest up to Initial Deposit Balance to earn Interest Fine Print Apply
Tanay Rural Bank Savings Account

Tanay Rural Bank Logo

1.75%

500 500 High-interest savings account for as low as ₱500 initial deposit Apply
BDO Optimum Peso Savings Account - Corporate

BDO Banco de Oro Logo

1.25%

50,000 50,000 Save more with higher interest rates and withdraw from your account for free up to 3 times a month Apply
BDO Optimum Peso Savings Account - Personal

BDO Banco de Oro Logo

1.25%

30,000 30,000 Save more with higher interest rates and withdraw from your account for free up to 3 times a month Apply
Security Bank eSecure Savings Account

Security Bank Logo

1.20%

500 5,000 Higher-earning savings account for existing Peso CASA clients that is designed to get you more from your savings Apply
Equicom Savings Bank Kiddie Builders Savings Account

Equicom Savings Bank logo

1.00%

500 1,000 An interest bearing passbook savings product designed for kids with high interest rate. Apply
Security Bank Premium Build Up Savings Account

Security Bank Logo

1.00%

50,000 50,000 Earn higher interest with no lock-in or fixed minimum term. Apply
Sterling Bank of Asia Bayani OFW Savings Account

Sterling Bank of Asia Logo

1.00%

0 2,000 Account intended to support the requirement and needs of Overseas Filipino Workers (OFWs) Apply
BPI Advance Savings Account

BPI Bank of the Philippine Islands Logo

0.75%

100,000 100,000 Enjoy the benefits of your deposit sooner than expected and get higher interest rates Apply
Citi Citi e-Savings

Citibank Logo

0.75%

100,000 100,000 High interest earning savings account that lets you enjoy frree and unlimited Citibank Online funds transfer Apply
Citi Citi Peso High Rate Saver

Citibank Logo

0.70%

100,000 100,000 Enjoy high interest rates and the convenience of checking your balance and transferring funds online Apply
Citi Peso Bonus Saver

Citibank Logo

0.60%

50,000 50,000 Savings account that increases its interest rate as your savings increase Apply
BPI Direct Savings Direct Express Teller Savings

BPI Direct Savings bank logo

0.50%

500 500 Monitor and manage your accounts anytime, anywhere easily with superior electronic banking channels Apply
BPI Direct Savings BPInoy Savings

BPI Direct Savings bank logo

0.50%

0 500 Receive remittances fast and safe with your Bpinoy Savings Account Apply
BPI Direct Savings Direct Maxi-Saver Savings

BPI Direct Savings bank logo

0.50%

25,000 25,000 Enjoy bigger earnings from your savings account without having your funds locked up Apply
BPI Direct Savings Save-Up Automatic Savings + Insurance

BPI Direct Savings bank logo

0.50%

0 1,000 A savings account that comes with free life insurance coverage Apply
BPI Family Savings Maxi-Saver Savings with Passbook (Corporate)

BPI Family Savings Bank logo

0.50%

50,000 50,000 Enjoy bigger earnings from your savings account without having your funds locked up Apply
BPI Family Savings Maxi-Saver Savings with Passbook

BPI Family Savings Bank logo

0.50%

50,000 50,000 Enjoy bigger earnings from your savings account without having your funds locked up Apply
BPI Family Savings Maxi-Saver Savings with ATM

BPI Family Savings Bank logo

0.50%

25,000 25,000 Enjoy bigger earnings from your savings account without having your funds locked up Apply
BPI Family Savings Save-Up Automatic High Savings

BPI Family Savings Bank logo

0.50%

0 3,000 Savings account that comes with a free life insurance equivalent to up to 5x your savings account balance Apply
BPI Family Savings Save-Up Automatic Savings + Insurance

BPI Family Savings Bank logo

0.50%

0 3,000 A savings account that comes with free life insurance coverage Apply
BPI Family Savings Get Started Savings Account with Life Insurance - Passbook

BPI Family Savings Bank logo

0.50%

50,000 50,000 Savings account that comes with a free life insurance equivalent to up to 5x your savings account balance Apply
BPI Family Savings Get Started Savings Account with Life Insurance - ATM

BPI Family Savings Bank logo

0.50%

5,000 10,000 Savings account that comes with a free life insurance equivalent to up to 5x your savings account balance Apply
BPI Family Savings Jumpstart Savings

BPI Family Savings Bank logo

0.50%

100 1,000 Savings account especially designed for children age 10-17 y/o, for them to get the best out of saving Apply
BPI Family Savings Passbook Savings

BPI Family Savings Bank logo

0.50%

10,000 25,000 Safekeep your money and easily track your transactions with Passbook Savings Apply
BPI Family Savings Easy Saver

BPI Family Savings Bank logo

0.50%

200 1,000 Open your own savings account for only ₱200 Apply
BPI Family Savings Express Teller Savings

BPI Family Savings Bank logo

0.50%

500 3,000 Your Express Teller account comes with a partner account that allows you to automatically save every after payday Apply
Equicom Savings Bank Rx Preferred Account

Equicom Savings Bank logo

0.50%

0 15,000 Special checking account for Maxicare accredited doctors and specialists that comes with a passbook, checkbook and an Equicom Key Card (ATM/debit card) Apply
Equicom Savings Bank Automatic Transfer Account

Equicom Savings Bank logo

0.50%

10,000 10,000 Savings account that provides overdraft security via a linked savings account Apply
Equicom Savings Bank Regular Checking Account

Equicom Savings Bank logo

0.50%

5,000 5,000 Manage your payables with the convenience of check issuance Apply
Equicom Savings Bank Passbook Savings Account

Equicom Savings Bank logo

0.50%

5,000 5,000 Monitor your deposits and withdrawals with a savings plan with low opening and maintaining balance Apply
Equicom Savings Bank ATM Savings Account

Equicom Savings Bank logo

0.50%

2,000 5,000 A product that provides convenient withdrawals via our Equicom Key Card(ATM/debit card) Apply
Security Bank Regular Build Up Savings Account

Security Bank Logo

0.50%

5,000 10,000 Earn higher interest with no lock-in or fixed minimum term. Apply
Sterling Bank of Asia Solo Savings Account

Sterling Bank of Asia Logo

0.50%

5,000 5,000 Peso savings account that you can open at any amount Apply
RCBC Savings Bank Dragon All-in-one - Personal Account

RCBC Savings Bank Logo

0.38%

25,000 25,000 Enjoy higher interest rates than regular savings account while enjoying unlimited access to your accounts via ATMs and RCBC branches Apply
RCBC Savings Bank RCBC Savings Bank Dragon Savings - Corporate Account

RCBC Savings Bank Logo

0.38%

25,000 50,000 Regular savings account that lets you earn higher interest rates Apply
RCBC Savings Bank Dragon Savings - Personal Account

RCBC Savings Bank Logo

0.38%

25,000 25,000 Regular savings account that lets you earn higher interest rates Apply
Sterling Bank of Asia Neo Savings Account

Sterling Bank of Asia Logo

0.38%

0 2,000 A special savings deposit account for kids ages 17 and below. Apply
BDO Prime Savers

BDO Banco de Oro Logo

0.25%

2,000 5,000 Savings account for individuals 60 years old and up. who wants to enjoy special forex rates and priority service. Apply
BDO Smart Checking Account - Commercial

BDO Banco de Oro Logo

0.25%

25,000 25,000 Enjoy convenience of having both a checkbook and an ATM Debit Card Apply
BDO Smart Checking Account - Personal

BDO Banco de Oro Logo

0.25%

15,000 15,000 Enjoy convenience of having both a checkbook and an ATM Debit Card Apply
BDO Power Teens Club

BDO Banco de Oro Logo

0.25%

2,000 2,000 Savings account for kids age 13-19 y/o which they can open with an ATM Card Apply
BDO Peso Passbook Savings Account

BDO Banco de Oro Logo

0.25%

5,000 10,000 Enjoy the security of a passbook and earn fixed interest on your savings. Apply
BDO Peso ATM

BDO Banco de Oro Logo

0.25%

2,000 5,000 Use your ATM to shop without having to carry cash using your ATM Debit Card. Apply
BDO Junior Savers Club

BDO Banco de Oro Logo

0.25%

100 2,000 Savings account for kids age 7-12 y/o which comes with an ATM Card Apply
BDO Direct Deposit Peso Savings Account

BDO Banco de Oro Logo

0.25%

5,000 Receive your pension through your Direct Deposit Peso Savings Account Apply
BPI Maxi-One Checking Account

BPI Bank of the Philippine Islands Logo

0.25%

25,000 25,000 All-in-one account that combines the features of having both savings and checking account Apply
BPI Pamana Padala

BPI Bank of the Philippine Islands Logo

0.25%

500 5,000 Savings account specially designed savings account for Overseas Filipino Remitters Apply
BPI Kaya Savings

BPI Bank of the Philippine Islands Logo

0.25%

200 1,000 Savings account with no maintaining balance and with a minimal fee for withdrawal transactions Apply
BPI Padala Moneyger

BPI Bank of the Philippine Islands Logo

0.25%

0 5,000 Savings account that caters those who receive remittances from abroad Apply
BPI Save-Up High Automatic Savings

BPI Bank of the Philippine Islands Logo

0.25%

0 5,000 Savings account that comes with a free life insurance equivalent to up to 5x your savings account balance Apply
BPI Save-Up Automatic Savings + Insurance

BPI Bank of the Philippine Islands Logo

0.25%

0 5,000 A savings account that comes with free life insurance coverage Apply
BPI Pamana Savings Account with Life Insurance (Passbook)

BPI Bank of the Philippine Islands Logo

0.25%

75,000 75,000 Get a FREE life insurance while earning interest on your savings Apply
BPI Pamana Savings Account with Life Insurance (Debit/ATM Card)

BPI Bank of the Philippine Islands Logo

0.25%

25,000 25,000 Get a FREE life insurance while earning interest on your savings Apply
BPI Passbook Savings

BPI Bank of the Philippine Islands Logo

0.25%

10,000 25,000 Safekeep your money and easily track your transactions with Passbook Savings Apply
BPI Maxi-Saver Savings with Passbook

BPI Bank of the Philippine Islands Logo

0.25%

75,000 75,000 Enjoy bigger earnings from your savings account without having your funds locked up Apply
BPI Maxi-Saver Savings with ATM

BPI Bank of the Philippine Islands Logo

0.25%

50,000 50,000 Enjoy bigger earnings from your savings account without having your funds locked up Apply
BPI Jumpstart Savings

BPI Bank of the Philippine Islands Logo

0.25%

100 2,000 Savings account especially designed for children age 10-17 y/o, for them to get the best out of saving Apply
BPI Express Teller Savings

BPI Bank of the Philippine Islands Logo

0.25%

500 5,000 Juggle your day-to-day finances with an ATM Savings Account that provides 24-hour superior electronic banking convenience Apply
BPI Easy Saver

BPI Bank of the Philippine Islands Logo

0.25%

200 1,000 Saving made easy and worry-free because it has no maintaining balance Apply
Chinabank MoneyPlus Savings

Chinabank Logo

0.25%

20,000 50,000 A passbook savings account that allows ypou to withdraw twice a month while enjoying high interest rates to encourage you to save more Apply
Malayan Bank Peso Savings Account

Malayan Savings and Mortgage Bank logo

0.25%

1,000 1,000 An interest bearing savings account that comes with a passbook for easy tracking of your transactions Apply
Malayan Bank ATM Savings Account

Malayan Savings and Mortgage Bank logo

0.25%

1,000 1,000 An interest bearing savings account that comes with a passbook for easy tracking of your transactions Apply
Maybank Classic Savings Account

Maybank Philippines Logo

0.25%

10,000 10,000 Regular passbook savings account that comes with a free ATM card Apply
Maybank IM Teen Savings Account

Maybank Philippines Logo

0.25%

500 5,000 Savings account with a personal accident and medical reimbursement benefit for individuals aged 13 to 17 Apply
Maybank Save 'n Protect Savings Account

Maybank Philippines Logo

0.25%

50,000 50,000 Open a savings account and get a free life insurance coverage equal to 2 times of previous month’s ADB. Apply
Maybank Yippie Savings Account

Maybank Philippines Logo

0.25%

500 5,000 Open a savings account for your children ages 12 years old and below that comes with a personal accident insurance Apply
Metrobank AccountOne Regular Checking Account

Metrobank Logo

0.25%

25,000 50,000 A convenient checking account that comes with a passbook and an ATM card Apply
Metrobank US Pensioner Savings Account

Metrobank Logo

0.25%

500 10,000 Keep track of your savings account with a personal passbook Apply
Metrobank SSS Pensioner Passbook Savings Account

Metrobank Logo

0.25%

100 10,000 Keep track of your savings account with a personal passbook Apply
Metrobank Passbook Savings Account

Metrobank Logo

0.25%

10,000 10,000 Keep track of your savings account with a personal passbook Apply
Metrobank OFW Passbook Savings Account

Metrobank Logo

0.25%

0 10,000 Keep track of your savings account with a personal passbook Apply
Metrobank SSS Pensioner Debit/ATM Card Savings Account

Metrobank Logo

0.25%

100 10,000 Perform your transactions at any ATM Metrobank terminal using your ATM card Apply
Metrobank Debit/ATM Card Savings Account

Metrobank Logo

0.25%

2,000 10,000 Perform your transactions at any ATM Metrobank terminal using your ATM card Apply
Metrobank OFW Debit/ATM Card Savings Account

Metrobank Logo

0.25%

0 10,000 Perform your transactions at any ATM Metrobank terminal using your ATM card Apply
Metrobank Fun Savers Club

Metrobank Logo

0.25%

100 4,000 Savings account for kids and teens under 18 y/o that comes with free insurance and educational benefit with min. ADB requirement Apply
RCBC Savings Bank Basic Checking - Corporate

RCBC Savings Bank Logo

0.25%

10,000 50,000 Checking account specially designed for corporate accounts Apply
RCBC Savings Bank Basic Checking - Personal

RCBC Savings Bank Logo

0.25%

10,000 25,000 Checking account with checkbook and ATM card Apply
RCBC Savings Bank Basic Savings Corporate

RCBC Savings Bank Logo

0.25%

10,000 50,000 RCBC savings account for corporate accounts Apply
RCBC Savings Bank Dragon Savings - Corporate Account

RCBC Savings Bank Logo

0.25%

50,000 50,000 A tiered interest rate savings account that maximizes returns to your deposits. Apply
RCBC Savings Bank Dragon Savings - Personal Account

RCBC Savings Bank Logo

0.25%

25,000 25,000 A tiered interest rate savings account that maximizes returns to your deposits. Apply
RCBC Savings Bank Basic Savings Personal

RCBC Savings Bank Logo

0.25%

10,000 10,000 RCBC savings account that comes with a passbook Apply
RCBC Savings Bank Basic Savings ATM

RCBC Savings Bank Logo

0.25%

3,000 3,000 RCBC savings account that comes with an ATM Apply
Sterling Bank of Asia Duo Checking Account

Sterling Bank of Asia Logo

0.25%

0 5,000 Enjoy the convenience of having a Visa Debit Card and a checkbook Apply
UCPB U-remit Peso Checking Account

UCPB Logo

0.25%

2,000 5,000 Checking account especially made to cater to OFW's Apply
UCPB U-remit Passbook Savings Account

UCPB Logo

0.25%

100 500 Passbook account especially made to cater to OFW's Apply
UCPB U-remit ATM Savings Account

UCPB Logo

0.25%

0 500 ATM account especially made to cater to OFW's Apply
UCPB Regular Peso Savings Account (Passbook)

UCPB Logo

0.25%

10,000 10,000 Easily monitor your bank transactions with a passbook savings account Apply
UCPB Regular Peso Savings Account (ATM)

UCPB Logo

0.25%

2,000 10,000 Enjoy the convenience of having an ATM savings account Apply
UCPB Multi One

UCPB Logo

0.25%

20,000 20,000 Savings account tailored to fit your needs Apply
UCPB Start2Save Junior Savings Account

UCPB Logo

0.25%

100 1,000 Savings account tailored to fit your children's needs Apply
Security Bank All Access Account

Security Bank Logo

0.20%

5,000 100,000 All-Access is a savings and checking account in one. The account comes with your choice of a passbook, checkbook, and/or Everyday Debit/ ATM MasterCard. Apply
Chinabank Overseas Kababayan Savings

Chinabank Logo

0.13%

0 1,000 Savings account especially designed to facilitate OFW's and their beneficiaries in transferring remittances Apply
Chinabank ATM Savings

Chinabank Logo

0.13%

2,000 10,000 Enjoy 24/7 access to your account through your ATM and receive monthly statements Apply
Chinabank Chinabank ChinaCheck Plus

Chinabank Logo

0.13%

5,000 50,000 Checking account that has a low balance requirement and earns interest. Apply
Chinabank Passbook Savings

Chinabank Logo

0.13%

5,000 10,000 Savings account that comes with a passbook for a low initial deposit Apply
EastWest Bank Super Savers Account

EastWest Bank Logo

0.13%

500,000 500,000 Savings deposit account that pays interest in increasingly higher amounts as your account balance increases Apply
EastWest Bank ChequeMax Account

EastWest Bank Logo

0.13%

20,000 20,000 A premium account that offers unlimited check-writing convenience and multiple fund access anytime, anywhere Apply
EastWest Bank Regular Savings Account with Debit Card

EastWest Bank Logo

0.13%

2,000 10,000 Savings account with debit/ATM card. Apply
EastWest Bank Passbook Savings Account

EastWest Bank Logo

0.13%

5,000 10,000 Passbook savings account lets you track your transactions easily Apply
EastWest Bank Passbook + Debit Card

EastWest Bank Logo

0.13%

10,000 25,000 Enjoy the advantages of having both a passbook and a debit card Apply
EastWest Bank Kiddie Savings Account

EastWest Bank Logo

0.13%

2,000 2,000 Savings deposit account for kids age 0-18 y/o Apply
EastWest Bank Basic Savings Account

EastWest Bank Logo

0.13%

100 500 Open your own savings account for only ₱100 and earn interest when you reach at least ₱500 Apply
Security Bank Money Builder

Security Bank Logo

0.10%

10,000 10,000 Receive a monthly and a quarterly bonus interest if no withdrawals are made in a certain period. Apply
Security Bank Easy Savings Account

Security Bank Logo

0.10%

5,000 100,000 Easy Account is Security Bank's basic and simplest savings account designed for everyone's use. It comes with an Everyday Debit ATM MasterCard Apply
Union Bank Regular Savings Account

Union Bank Logo

0.10%

100,000 10,000 Open a UnionBank Regular Savings Account for transactions anytime, anywhere. Apply
BDO Peso Checking Account

BDO Banco de Oro Logo

0.00%

5,000 0 Enjoy convenience of having both a checkbook and an ATM Debit Card Apply
BPI Express Teller Checking Account

BPI Bank of the Philippine Islands Logo

0.00%

10,000 0 Checking account with an ATM card Apply
BPI Bizlink Checking Account

BPI Bank of the Philippine Islands Logo

0.00%

10,000 0 Affordable and convenient checking account, especially designed for entrepreneurs Apply
EastWest Bank Regular ChequeMax Account

EastWest Bank Logo

0.00%

100,000 0 Checking account that comes with a record book, a debit card and a checkbook and earns rewards Apply
EastWest Bank Regular Checking Account

EastWest Bank Logo

0.00%

5,000 0 Checking account that comes with a checkbook and a debit card Apply
EastWest Bank Basic Checking Account

EastWest Bank Logo

0.00%

1,000 0 Affordable checking account that requires only Php1,000 deposit to maintain account Apply
Malayan Bank Current Account

Malayan Savings and Mortgage Bank logo

0.00%

1,000 0 Regular checking account that lets you make payments without the use of cash Apply
Metrobank Regular Checking Account

Metrobank Logo

0.00%

10,000 0 A convenient checking account that can be enrolled in our mobile banking, Internet banking, and phone banking services Apply
RCBC Savings Bank SSS Pensioner Account with ATM

RCBC Savings Bank Logo

0.00%

100 Special savings account to cater Filipino retirees with SSS pensions and comes with an ATM card Apply
RCBC Savings Bank SSS Pensioner Account with Passbook

RCBC Savings Bank Logo

0.00%

100 0 Special savings account to cater Filipino retirees with SSS pensions and comes with passbook Apply
UCPB Regular Current Account

UCPB Logo

0.00%

5,000 0 Enjoy the convenience of having a checkbook with a UCPB current account Apply
Union Bank Regular Checking Account

Union Bank Logo

0.00%

100,000 0 Open a UnionBank Regular Checking Account for transactions anytime, anywhere. Apply

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What Is A Savings Account?

Available on demand, a savings account allows you to save money depending on a consumer’s pace. Also known as passbook savings in the Philippines, it is available on a wide range of currencies, peso and dollar being the most popular. The savings account is considered as highly-liquid cash with limits dictated by a financial institution’s standard procedure.

What Is A Checking Account?

Checking account is a form of deposit that allows the depositor to withdraw an unlimited amount of deposit amount thru numerous withdrawals, checks and electronic debits being the popular methods. Typically, checking accounts do not offer interest rates in exchange for its liquidity.

What Is A Debit Card?

A debit card is a plastic card issued by banks to its depositors to access their deposits. It is for convenience because it is an accessory used in ATMs for depositors to debit or credit money from their accounts. Because it is electronic, a debit card’s strength is also secure, it is protected by a Personal Identification Number or PIN only known by the depositor. Debit cards are also used to pay for good and services through a use of a POS Terminal.

Bank Savings Accounts Comparison

Why is it necessary to compare bank accounts? The mere fact that a depositor is entrusting a bank of their hard-earned money is already a valid reason. Savings account, like most products in the market differs by the provider, factors like interest rates, branches near the consumer, initial deposit and balance to earn interest are important for consumers to consider to make bank accounts helpful.

How To Open A Savings Account?

Opening a savings account in the Philippines requires the depositor to visit their desired bank. This requires the depositor to carry a specific sum of money, and identification to open a savings account.

Opening A Savings Account Requirements

Opening a savings account typically asks the customer to bring identification such as school IDs, government issued IDs, an ID photo and the required initial deposit for the savings account.

Should I Get A Passbook Savings Account Or A Debit Card?

It depends on the consumer. Some prefer getting a passbook savings account for better discipline in saving money. Withdrawing money from passbook savings require the depositor to visit a bank branch, wait for the bank tellers call out their names and perform the transaction. Whereas in a debit card, the consumer can visit any ATM (which has more accessibility) and more often than not, saves the depositor time.

Best Bank To Open A Savings Account

The best bank to open a savings account will depend on the consumer’s judgement of what is best. Most of the time, a savings account is rated depending on the number of branches or ATMs that bank provides and the interest rate. But for some, the initial deposit is more important due to their cash flow situation. Use our savings account comparison table for a better reference to all savings account options available in the Philippines.

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