#Digital Banks Philippines

Well you're in luck, as opening a savings accounts is not only much more convenient, these digital banks also provide a much higher interest as compared to your traditional banks. As of January 24, 2026, we've gathered the top 10 digital banks that provide the highest interest rate for your savings account. With digital banks continuing to evolve and improve, 2026 is shaping up to be a great year to make your money work for you. Digital banks in the Philippines may have the solution for you. As of May 20, 2023, we've researched and ranked some of the top digital banks in the Philippines based on their interest rates. The Bangko Sentral ng Pilipinas (BSP) Monetary Board has announced that it will close the window for the submission of applications from new digital banks, including converting banks, starting August 31, 2021. To date, the Monetary Board has already approved the application of five digital banks, including two incumbent banks which have converted their existing licenses to a digital bank license. and Tonik Bank are banks that converted their existing license to digital banks. Read more in our articles including "10 Digital Banks in the Philippines Ranked Based on Interest Rates in 2026" and "10 Digital Banks in the Philippines Ranked Based on Interest Rates".