Security Bank Peso Savings Accounts Review (2026)

You’re looking at Security Bank and wondering: Is this where you should park your savings? This guide breaks down every peso savings account Security Bank offers right now—what it costs, what it earns, and what real customers are actually saying about the experience.

Last updated April 2026. Rates and product details verified against Security Bank Philippines and PDIC announcements.

Is Security Bank worth it in 2026?

Before we get into the details of each account, here’s a quick look at what’s good and what’s not about banking with Security Bank today.

What works:

• You can open a savings account online in about 10 minutes through the Security Bank app. All you need is a valid ID, a selfie, and a working phone number and email.
• The Easy Savings account now has a zero opening and maintenance balance when you apply via the app. No initial deposit, no monthly requirement.
• eSecure Savings and Money Builder offer interest rates up to 3.25% per annum—way above what most traditional savings accounts pay in the Philippines.
• All deposits are PDIC-insured up to ₱1 million per depositor per bank, effective March 15, 2025.

What doesn’t:

• Multiple reviewers report unauthorized transactions on their accounts without timely help from Security Bank.
• Long waiting times, poor communication, and staff not following through on complaints are recurring themes.
• The online banking system is often described as slow or down, and some customers have trouble withdrawing money from their savings accounts due to internal issues at the bank.
• Several reviews describe confusing fees and complicated processes that catch customers off guard.

Security Bank savings accounts can earn better-than-average interest, but the customer service problems are real. Go in with your eyes open.

Types of Security Bank savings accounts you can open today

Security Bank currently offers four main peso savings products. Each one serves a different kind of saver, from people who just want a basic account to those chasing higher interest with conditions attached.

Security Bank savings accounts at a glance

Account	Key feature	Best for
Easy Savings	₱0 opening and maintaining balance (via app); ~0.0675% p.a. interest	Beginners who want a no-fuss, app-first savings account with zero requirements
All Access	Savings + checking + checkbook in one account; free life insurance up to ₱3M	People who write checks regularly (rent, tuition, suppliers) and want insurance bundled in
eSecure Savings	Up to ~3% p.a. interest; create up to 10 goal-based sub-accounts	Goal-based savers who want higher interest on parked funds (travel fund, emergency fund, etc.)
Money Builder	Up to ~3.25% p.a. with bonus interest for no withdrawals	Disciplined savers who won’t touch their money for months and want the highest rate available

Easy Savings account (no maintaining balance, app-first)

This is Security Bank’s entry-level savings account, designed to be opened entirely through the app, with no branch visit required.

What you get:

• A basic peso savings account with a debit Mastercard that doubles as your ATM card. Manage everything through the Security Bank app or online banking—or visit bank branches if you prefer face-to-face.
• Opening balance: ₱0 when you apply through the app.
• Maintaining balance: ₱0 for app-opened accounts. Older product sheets show ₱10,000, so double-check the current terms on www.securitybank.com before you commit.
• Interest: The base rate is low—older documents show around 0.0675% per annum for balances starting at ₱100,000. If you want higher interest, you’ll need eSecure or Money Builder on top of this.
• Card and access: Free withdrawals at any Security Bank ATM. Full access via the app, online banking, and bank branches across the Philippines.

Who can apply:

• Philippine resident and citizen, at least 21 years old.
• At least one primary valid government-issued ID with a photo.
• You may need your Tax Identification Number (TIN).
• You’ll need a device with a camera for the selfie verification step.

How long it takes: About 10 minutes to fill out the application. Security Bank aims to give you a decision within 48 hours.

All Access account (savings + checking with free life insurance)

If you need a checkbook on top of your savings, the All Access account bundles both into one product, plus a life insurance perk that most other banks don’t include at this level.

A hybrid bank account that combines savings and checking features. It comes with a debit card, passbook, and checkbook.

• Maintaining balance: Around ₱25,000 average daily balance. Confirm the exact current figure on the Security Bank website—this can change without much notice.
• Free life insurance: Up to ₱3 million based on your average daily balance. Terms and eligibility conditions apply, so ask the branch or check the product page for the fine print before you count on this.
• Interest: Lower base rate than eSecure or Money Builder. Think of All Access as a convenience and insurance play, not an interest-earning machine.
• Access: Debit card, passbook, checkbook, app, online banking, ATM, and branch. Everything in one account.

All Access makes sense if you write checks regularly, say, for rent, business suppliers, or tuition, and you want a savings and checking account without maintaining two separate products.

eSecure Savings (digital-only sub-accounts for higher interest)

eSecure is not a standalone account. You open it from inside your existing Security Bank savings or All Access account to park money at a higher rate.

A digital-only add-on savings account for goal-based saving. Think travel fund, emergency fund, new laptop fund—whatever you’re saving toward.

• Interest: Promo rates have gone up to around 3% per annum in past campaigns. Security Bank has marketed eSecure as offering “up to 44x more returns than traditional savings accounts,” but that’s promo language, not a permanent promise. Always check the current rate before you move your money in.
• Sub-accounts: You can create up to 10 eSecure sub-accounts, each with its own nickname and goal. All managed inside the app.
• Minimum deposit: Around ₱500, pulled from your main Security Bank account.

How to open eSecure:

1. Log in to the Security Bank app.
2. Go to Services, then eSecure Savings.
3. Pick your source account and set a nickname for the new sub-account.
4. Deposit at least ₱500.
5. Confirm with your 6-digit transaction PIN.

You can also do this through Security Bank Online on a browser. Transfers go between your eSecure and your main account only, you can’t send money from eSecure directly to another person or bank.

Past promo terms allowed one free withdrawal per month; exceeding that dropped the interest rate for that month, then it reset.

Money Builder savings (goal-based, bonus interest for no withdrawals)

Money Builder rewards you for keeping your hands off your money. The longer you save without withdrawing, the more bonus interest you earn on top of the base rate.

This is a structured savings account that pays monthly and quarterly bonus interest when you don’t withdraw.

• Interest: Base rate of 0.0675% per annum, plus monthly (0.25%) and quarterly (0.15%) bonuses for no withdrawals.
• Marketing claim: “Up to 10 times higher interest than traditional savings accounts.” That depends on your balance, your term, and whether you actually keep your hands off the money. Treat it as a best-case figure, not a guaranteed outcome.
• No lock-in: Money Builder has been marketed with “no lock-in periods or penalties.” You won’t lose your principal if you withdraw early, but you’ll miss the bonus interest. That’s the trade-off.

Money Builder is a solid pick if you know you won’t touch a chunk of your savings for several months. If you tend to dip into your account every payday, this isn’t the right product for you; you’ll just earn the low base rate and miss the whole point.

How to open a Security Bank savings account

Whether you prefer doing everything on your phone or walking into a branch, both routes lead to the same account. Here’s what each process looks like.

Opening through the Security Bank app or website

1. Download the Security Bank app or go to www.securitybank.com.
2. Tap “Open an account” and pick “Easy Savings” (or another savings account type).
3. Prepare your documents: one valid government-issued ID with photo, your phone number, your email, and your TIN if you have one. You’ll need a device with a camera for the selfie step.
4. Fill out the application form, take your selfie for verification, and submit.
5. You may see a “performing security verification” screen while the website uses a security service to protect against malicious bots. If you’re on a browser, the page is displayed after the website verifies your connection—you might notice a Ray ID or a message that says “waiting for www.securitybank.com to respond.” That’s a standard performance and security check. It doesn’t mean your application has a problem.
6. Once verification successful, you’ll get an SMS or email confirmation. The whole thing takes about 10 minutes. Security Bank targets a decision within 48 hours.

A quick note: some customers report that the website and app can be slow during peak hours, so if the page hangs or you see repeated security checks, try again during off-peak times (early morning or late evening).

Opening at a branch

1. Visit any Security Bank branch with at least one valid ID and cash for the initial deposit (if the product requires one).
2. Get a queue number and wait to talk to a staff member or manager.
3. Fill out the forms, sign everything, and hand over any extra documents they ask for (proof of address, TIN, etc.).
4. Be ready for a wait. Many customers report long processing times and slow communication at branches. Set aside more time than you think you’ll need—especially on paydays and weekends.

Fees, charges, and how your money is protected

Two things everyone wants to know about a bank account: what it actually costs and what happens to your money if something goes wrong.

Common fees and transfer charges

• Security Bank charges around ₱10 per Instapay transfer (reduced from ₱25 in January 2026). Confirm the exact current fee on the app or website before you assume, since banks adjust these without much notice.
• Many customers say Security Bank has more fees than they expected. Charges can pop up for falling below the maintaining balance (on accounts that have one), certain over-the-counter transactions, and card replacement.
• Before you open any account, check the full fee schedule on www.securitybank.com. Don’t find out about a fee after it’s already been deducted from your balance.

PDIC deposit insurance (updated for 2025–2026)

• All Security Bank deposits are insured by the Philippine Deposit Insurance Corporation (PDIC).
• Effective March 15, 2025, PDIC raised the maximum deposit insurance coverage from ₱500,000 to ₱1 million per depositor per bank.
• If Security Bank were to close, PDIC covers up to ₱1 million of your total deposits there. But PDIC insurance does not cover losses from unauthorized transactions, fee disputes, or investment products. Those are separate fights.

Quick example: if you have ₱800,000 in your Easy Savings and ₱150,000 in your eSecure at Security Bank, your combined ₱950,000 is fully covered.

But if you have a total of ₱1.2 million, only ₱1 million is insured. That extra ₱200,000 is at risk if the bank fails.

This is exactly why it makes sense to spread large savings across other banks.

My personal experience as a Security Bank account holder

Full disclosure: I have a Security Bank savings account. This isn’t an endorsement — just real-world context from someone who actually uses the product.

I opened an All Access account (the one with a checkbook) at a branch near our neighborhood. The maintaining balance is around ₱25,000, so it’s not the cheapest account to keep open.

But for someone who occasionally needs to write checks, bundling savings and checking into one product made it worth it. The in-branch experience was straightforward, and the service was decent. It took me about 30 minutes or so, and I came in early before the branch opened.

On the app side, the basics are solid. Activating Face ID and setting up my MPIN was easy. I mostly use my Security Bank savings account to pay my Security Bank credit cards — and that part is seamless. Transferring funds between your own SB accounts and paying your SB credit card bills takes seconds.

Where it gets less convenient is transferring money outside the Security Bank ecosystem. Sending funds to other banks via InstaPay now costs ₱10 per transaction (reduced from ₱25 in January 2026). Sending money to GCash or cashing in also incurs a transaction fee, which can add up if you move money around frequently.

Is it secure? From my personal experience, yes — I haven’t had issues yet. But I also do my part: I keep alerts on, use Face ID, and monitor my transactions regularly. Security is always a two-way street between the bank and the account holder.

Overall, for my specific use case (paying credit cards, occasional check writing, and basic savings) Security Bank has been fine.

But if you’re someone who transfers money to other banks or e-wallets daily, factor in those per-transaction fees when making your decision.

Real customer complaints and service risks

No savings account review is complete without looking at what actual customers say. Security Bank’s Trustpilot reviews paint a rough picture, and you should factor that into your decision.

Trustpilot rating and what customers report

Security Bank Corporation, Philippines, is rated “Poor” with 1.9/5 on Trustpilot. Here’s what keeps coming up:

• Unauthorized transactions. Multiple customers report money disappearing from their accounts without explanation, and then waiting days—sometimes weeks—for Security Bank to respond or give an update.
• Slow, unhelpful customer service. Whether by phone, email, or in-branch, people describe long waiting times and staff who don’t follow through. Some customers say they left reviews hoping the customer care team would finally act, and still heard nothing.
• Online banking problems. The system goes down or runs slow more often than customers expect. When you can’t check your balance or move money during a time-sensitive moment, that’s a real problem—not just an inconvenience.
• Difficulty accessing funds. Some customers have trouble getting their own money out of their savings accounts because of internal issues at the bank. For a savings account, this defeats the purpose.
• Confusing fees. Several reviewers say they were caught off guard by charges they didn’t know about. A few used words like “harmful” and “deceptive” to describe their experience with Security Bank’s fee structure.

People with bad experiences are more likely to post reviews. Not every Security Bank customer has these problems.

But the volume and consistency of the complaints are hard to ignore.

How to protect yourself if you bank with Security Bank

• Turn on all SMS and email alerts so you catch any suspicious activity the same day it happens.
• Keep records of every issue: dates, amounts, screenshots, reference numbers, and names of anyone you talk to—staff, manager, hotline agent, whoever.
• If something looks wrong (missing funds, unexplained fees) don’t sit on it. Escalate fast: hotline first, then branch, then file a formal complaint with the Bangko Sentral ng Pilipinas (BSP) or PDIC if the bank doesn’t act.
• Split large savings across other banks to reduce your exposure. Stay within the ₱1 million PDIC coverage limit per bank.

Should you pick Security Bank or look at other banks?

The answer depends on what matters most to you—interest rates, ease of use, or peace of mind when something goes wrong.

When Security Bank might be a good fit

• You want to open an account fast on your phone with zero maintaining balance, and you like the idea of earning up to 3.25% per annum through Money Builder or eSecure.
• You live or work near a Security Bank branch and want a card, passbook, and (if needed) a checkbook in one account via All Access.
• You’re comfortable managing everything through the app and online banking, and you can handle occasional slowdowns or downtime without panicking.

When you’d be better off with other banks

• You can’t afford to wait days for a response when there’s a problem with your money. Customer service speed is non-negotiable for you.
• You want a bank with fewer complaints about unauthorized transactions and fee surprises.
• You prefer simple, upfront fees and clear communication—no mystery deductions on your statement.
• You’re building an emergency fund and need online banking that works when you need it, even if the interest rate is a little lower somewhere else.

How to use this guide safely

This article covers Security Bank savings accounts in the Philippines for general education. It’s not personal financial advice.

• Product features, fees, and interest rates can change at any time. Some details here come from Security Bank’s public materials, customer reviews, and PDIC announcements as of April 2026.
• Always confirm the latest balance requirements, fees, and interest rates on www.securitybank.com or at a Security Bank branch before making decisions about your money.
• If you’ve been affected by unauthorized transactions or unexplained charges, report the issue to BSP and PDIC and consider getting independent advice.

What do you think of these savings options from Security Bank? Let us know in the comments!