Heads-up, savers! Starting March 1, 2025, GoTyme Bank officially set the Go Save interest rate to 3.5% per annum, credited monthly. The interest is subject to the standard 20% withholding tax.
What changed?
- From January 1 to February 28, 2025, GoTyme offered a promo rate of 5% p.a.
- Before that, the base rate was 4% p.a.
- Now it’s back to 3.5%, which aligns with current market rates and central bank trends.
This change was confirmed in their app’s Help Center and official social media pages.
How much interest can you expect?
Interest is computed daily, credited monthly.
Example computation (for July, 31 days):
- Balance: ₱100,000
- 3.5% annual interest
- Computation: ₱100,000 × 3.5% ÷ 365 × 31 ≈ ₱297 gross
- After 20% tax = ₱237 net interest
The more consistent your balance is, the better your returns.
Why Go Save is still a solid choice
Here’s why Go Save remains one of the top digital savings options out there:
- No minimum balance or cap
- PDIC-insured up to ₱1,000,000
- Easy withdrawals anytime (even from kiosks inside Robinsons stores)
- Auto-Save and Round-Up features to grow your savings passively
- Fast and responsive support via in-app chat or social channels
How it compares (as of July 2025)
| Bank | Interest Rate | Notes |
|---|---|---|
| GoTyme | 3.5% p.a. | No cap; interest applies to entire balance; credited monthly |
| Maya | 3.5% p.a. base, up to 15% p.a. promo | Base applies up to ₱5 M; bonus interest tiers only apply on first ₱100K with spending missions/promos |
| UNO Digital | ~4.0% p.a. | No clear cap; subject to product updates |
| Tonik | ~4.0% (time deposits higher) | Savings account has no strict cap; time deposits may have limits |
| CIMB (UpSave) | 2.6%–3.5% | Cap of ₱200K for full rate; excess balance may earn a lower rate |
| SeaBank | 4% p.a. up to ₱400K, 3% p.a. beyond | 4% applies only to the first ₱400,000; interest compounded daily |
Blogger’s Corner
What I like about GoTyme is that there’s no cap on the interest rates compared to the others. So if your total savings/emergency funds exceed the amount that allow you to earn the maximum interest rate on the other digital banks, then, you might want to consider putting the rest on GoTyme.