Hi. I am planning a lot for myself next year as I will hopefully start earning income as a young professional. So, I've been researching which banks have high interest rates for, well, saving. I initially wanted to have a savings account at RCBC to get that sweet, sweet Hexagon Club thingy, but I was disappointed with their interest rates and resolved to find alternatives. Keep in mind, that these are my notes which are mostly understood by me, so if you have any questions to clarify what these mean, just comment down below. Suggestions are encouraged!

Here's what I've gathered (with the help of ChatGPT to order them from highest to lowest average rates by bank):

*Savings Account
**Goal-setting Savings Account
***Time Deposit

1) Ownbank:

• Own It* - 6% p.a. credited daily (no minimum maintaining balance)
• Own Wish** - 6.55% p.a. (min. deposit period of 2 mos. and a max. of 60 mos.)
• Time Deposit: (minimum deposit of  ₱500)
  • 15-day - 6.3% p.a.
  • 30-day - 6.5% p.a.
  • 90-day - 6.8% p.a.
  • 180-day - 7.0% p.a.
  • 360-day - 7.5% p.a.
• Transaction fees

2) CIMB

• MaxSave Time Deposit: (min. P5,000 - P1,000,000 max.)  
  • 3mos – 5.5% p.a.
  • 6mos – 5.75% p.a.
  • 12mos – 6% p.a.
  • 24mos – 6% p.a.
• Transaction Fees - Cash In and Bank Transfers

3) UNOBank

• #UNOready* - 4.00% p.a credited daily (min P5,000 and 3.50% for below PHP 5,000 and min. average daily balance (ADB) of P10,000 is required to qualify)
• #UNOboost***: (min. P5,000 – P500,000 max)
  • 3/4/5mos - 4.50% p.a.
  • 6/7/8/9/10/11mos - 5% p.a.
  • 12mos - 5.50% p.a.
• #UNOearn***: (min. P5,000 – P500,000 max)
  • 12mos - 5.25% p.a.
  • 24mos - 6.00% p.a.

4) Tonik:

• Tonik Account* - 1% p.a.
• Solo Stash** - 4% p.a. (floating interest and no minimum maintaining balance)
• Group Stash** - 4.5% p.a. (min. number of 3 people and contributed at least P1)
• Time Deposit: (min. P5,000 - P100,000 max.)
  • 6mos - 5% 1% = 6% p.a. (TD will earn a 6% p.a. interest rate upon meeting transactional criteria here and limited to ONE (1) 6-month TD per customer)
  • 9mos - 4.35% p.a
  • 12mos - 3.55% p.a
  • 18mos - 4.75% p.a
  • 24mos - 4.95% p.a
• Transaction Fees

5) Maya:

• Savings* - 3.5% p.a. credited daily (No minimum maintaining balance)
• Personal Goals** - 4% p.a. monthly up to 6mos. (6% until Jan 31, 2025)
• Time Deposit: (min. of P5,000 for boosted rates to apply, up to P1,000,000)
  • 3/6/12mos - 3.50% p.a (standard rate)
  • 3mos - 5.25% p.a (boosted rate)
  • 6mos - 5.75% p.a (boosted rate)
  • 12mos - 5.5% p.a (boosted rate)
• Transaction Fees - Cash in and Bank Transfers

6) Seabank - 4.25% p.a

• Transaction Fees

7) GoTyme - 4% p.a

• Transaction Fees