Gone are the days when you needed to go to a physical branch to open a bank account in the Philippines. It’s now the norm for the country’s top financial services providers, even the most traditional ones, to allow users to create new accounts online. As long as you have a stable internet connection and a smart device like your phone or laptop, you can get a bank account in just a few clicks. In fact, opening a digital bank account can be a far easier task compared to choosing which bank to open an account with, given the many options available on the market today.
Maya, the #1 digital bank in the Philippines, presents an appealing choice for smart consumers who want a provider that can keep up with their fast-paced lifestyle and practical financial goals. Whether you’re new to saving or looking to grow your money, Maya has bank account options that will perfectly suit your purpose. With Maya Savings, Maya Personal Goals, and Maya Time Deposit Plus, you get the flexibility, ease of access, and high returns that traditional banks just can’t match. And the best part? You can manage everything directly from your phone. Let’s explore the top things you’ll love about having a Maya digital bank account and how these can help you take control of your finances and secure your future.
It’s Easy and Free to Start Saving
One of the best things about Maya is how easy it is to open an account. Our digital bank serves as the perfect choice if you're someone who has always found traditional banking a bit too complicated or intimidating, as Maya removes those barriers and makes digital banking easy and intuitive. Just download the Maya app and create an account, upgrade your Maya account by submitting an ID, and go to the Savings tab and tap “Start Maya Savings.” There’s no minimum deposit required and no maintaining balance to worry about. You can sign up right now and immediately start saving, all from the comfort of your home.
You Can Count on Maya Boosted Interest Rates to Reward Your Smart Choices
What interest rates can you expect from maintaining a savings account with a traditional bank? It’s not uncommon to see banks that offer 0.10% to 0.25% per year. Maya Savings, on the other hand, offers a solid 3.5% base interest rate p.a.
More than that, Maya gives users the opportunity to boost their savings account’s interest rate to up to 15% p.a. All you need to do is use Maya’s financial products and services to complete your everyday transactions. By tapping into your Maya Wallet funds to pay for in-store and online purchases, you can unlock higher interest rate thresholds for your Maya Savings account. Using the Maya app to pay with QR, buy load, and pay bills also counts. If you’re already spending anyway, why not earn more interest while doing it?
Set and Track Specific Goals with Maya Personal Goals
Are you saving for something specific? You can use Maya Personal Goals to stay focused and organized as you achieve your next financial objective. You can create up to five different goal accounts, and each one can be tailored to something you’re working toward, like a vacation, emergency fund, new gadget, or tuition.
Each Maya Personal Goal can earn 4% interest rate p.a., and you can fund it little by little over a 180-day period. When a goal matures, the money automatically moves to your Maya Savings account. And if plans change? You can cancel your goal at any time and use the funds instantly through Maya. It’s flexible, goal-oriented saving made easy.
Enjoy Passive Income through Time Deposit Plus
If you're looking for a low-effort way to grow your money with a bit more structure, Maya Time Deposit Plus is a practical solution. This time deposit account lets you earn up to 6% interest rate p.a. depending on your chosen tenor, which can be 3, 6, or 12 months. This is ideal if you have a moderate risk appetite and want predictable, secure growth.
Just like with Maya Personal Goal, you can open up to five Maya Time Deposit Plus accounts at once, with a maximum of PHP 1 million per account. You don’t even need to start with a huge amount, as just PHP 5,000 gets the ball rolling. You can also top up your time deposit funds at any time, effectively taking another solid step toward building a more financially secure future for yourself.
Easy Fund Transfers and Top-Ups
Maya makes funding your account and deposits incredibly convenient, as you can send or receive funds to and from your Maya Wallet, Maya Savings, and even other banks and e-wallets in just a few clicks. Everything can be done within minutes from your phone, making it easier to stay consistent with your saving and investment habits.
Safe and Secure Banking You Can Rely On
Security is a top priority for Maya. As a BSP-supervised financial institution (BSFI), Maya follows strict regulatory standards. Your deposits are insured by the Philippine Deposit Insurance Corporation (PDIC) for up to PHP 1 million, just like with traditional banks. Maya also uses advanced security features like biometrics and multi-factor authentication to protect your data and transactions. Choosing to open a bank account with Maya means gaining peace of mind that your money and information are in safe hands.
Everything Is Right on Your Phone
With Maya, your entire banking experience, from opening an account to saving, goal setting, or investing in time deposits, is anchored in one sleek, user-friendly app. This level of convenience is perfect for people with busy schedules, remote workers, freelancers, and even students who want to take their finances seriously. Your account is accessible 24/7, and you’re always in control of it.
Make the Smart Move Today and Open a Bank Account with Maya
There’s a lot to love about having a Maya digital bank account. With account types like Maya Savings, Maya Personal Goals, and Maya Time Deposit Plus, you have the tools to save smart and stay on top of your financial game. Are you ready to grow your funds and simplify your banking? Download the Maya app and start your digital banking journey today. It’s never been this easy or rewarding to save and plan for the future.
