If you have a substantial amount of money in the bank, the thought of what would happen to your money should the bank close down has probably crossed your mind once or twice. We can’t blame you if you think about this scary scenario more than just once or twice that’s your hard-earned money right…

If you’re looking for a traditional and reliable way of growing your money in the bank, you can place your funds in a fixed deposit account, also known as a time deposit. Time deposits offer higher interest rates compared to a regular savings account. The bigger your deposit and the longer you keep your money…

While traditional piggy banks might be cute, having a savings account as a student is still one of the best ways to keep your money safe. The good news? Opening a bank account in the Philippines has become dramatically easier since 2022, thanks to digital banks, the PhilSys National ID, and online TIN registration. via…

If you’re the type who can keep your hands off your savings, this account pays you for it. Security Bank’s Money Builder Savings is a high-interest savings account that rewards you with bonus interest every month and every quarter, but only if you don’t make any withdrawals. Park your money, leave it alone, and the…

If you are an expat in the Philippines, you need a bank that will meet all of your banking needs. You’re in luck because there are quite a few global banks that have branches in key cities here, as well as local banks that provide world-class services. This certainly makes it easier for you to…

Have extra cash lying around? If you’ve been sitting on savings and haven’t done anything productive with it, now’s a good time to look at time deposits. You earn more than what a regular savings account gives you and you don’t have to do much except choose a term and let your money sit. We’ve…

You deposited ₱100,000 in a BDO time deposit for 360 days. After a full year, your gross interest is ₱125. After the 20% withholding tax, you take home ₱100. That’s not a typo. That’s BDO’s current rate for most depositors in 2026. So why do people still open BDO time deposits? And should you? This…

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…

You work hard for your money. The least it can do is work back. Most savings accounts in the Philippines pay a laughably small interest rate. But a handful of banks take it a step further — they bundle free life insurance with your savings account, no monthly premium required. The more you save, the…

Savings accounts these days offer more than just competitive interest rates. Some also come with extra features that protect you and your family from the unexpected and for free. One of the most underrated perks you can get from a savings account is free life insurance. You’re already setting money aside, so why not let…

If you’re earning money as a freelancer in the Philippines — whether it’s writing, design, virtual assistance, or consulting — the BIR considers you self-employed. That means you’re responsible for registering, filing, and paying your own taxes in the Philippines. This guide covers everything from BIR registration to choosing between the 8% flat rate and…

The Bureau of Internal Revenue requires every Filipino taxpayer to file specific BIR tax forms depending on how they earn income. Whether you are an employee, a freelancer, a business owner, or someone who sells property on the side, picking the wrong form can get your filing rejected or hit you with penalties. This guide…

Filing your annual income tax return is one of those things most Filipinos dread — but it doesn’t have to wreck your March. Whether you earn purely compensation income, run a freelance gig, or juggle both as a mixed income earner, this guide breaks down which BIR form to use, how to compute your income…

Marriage isn’t just a romantic milestone. It’s one of the biggest financial decisions you’ll ever make as a couple. You’re not only sharing a life, but also bills, debt, goals, and money habits like how you use credit cards responsibly, handle personal loans, or plan your monthly budget. Even if you feel emotionally ready, it’s…

Did you know for as low as P1,000 “every Juan” can start investing in the Philippine stock market? Curious but don’t know where or how to start? Here’s a simple guide on how to start investing in stocks in the Philippines. As a beginner, the secret is to be teachable, curious, and serious to learn.…

If the past few years felt like financial turbulence, you’re not alone. As February kicks into gear, you still have time to reset your money habits and make this your best financial year yet. From smarter budgeting to beginner‑friendly investing, there are practical steps you can take today to get the ball rolling. Remember, there’s…

Only 25.6% of Filipino households reported having savings in late 2024, the lowest in over three years. At the same time, digital bank deposits in the Philippines surpassed ₱102.3 billion in early 2025, as more people chased higher interest rates and better apps. The gap is clear: many Filipinos still don’t have the right types of bank accounts…

Did you know that the Philippines has one of the lowest insurance penetration rates in Asia at just 1.89% of GDP? According to the Insurance Commission, millions of Filipino families remain financially unprotected if something unexpected happens. Life insurance is an essential part of good financial planning, but not everyone enjoys talking about it. There’s…

New year, new financial goals? Not so fast. While 49% of people aim to save money every new year, 80% of resolutions fail within weeks. But don’t let that discourage you. especially if you’re reading this in 2026. If you’re like thousands of Filipinos on r/phinvest asking “Is it too late to start investing at 29?”…

It’s that time of year again. The holiday season is around the corner, and with it comes all the joys of giving gifts to loved ones. But if you’re on a tight budget this year or are trying to avoid impulse buying altogether, there are some things you want to keep in mind before your…

It’s that time of year again when your inbox is full of ads for the latest gadgets or appliances. Even your cabinets are stuffed with items you haven’t used for ages. It’s tempting to go on a shopping spree this holiday season. But remember that not all gifts should come in a wrapped box with a…

If you’re a regular GCash user, you probably have seen UNO Digital Bank ads on your screen, prompting you to open a new savings account. Like you, I was curious about this digital bank that offers high interest rates on savings and time deposit accounts. Uno offers its time deposit interest rate at 5.75% p.a.,…

Are you counting the days ‘til your 13th–month pay and Christmas bonus? For Filipino workers, that well-earned extra month’s salary, mandated by Philippine labor laws, is more than just a seasonal “balato”. It’s a mandatory benefit woven into our financial calendar year, designed to support regular or rank-and-file employees across the private sector.​ Before you…

HSBC’s Live+ Credit Card has officially replaced the HSBC Gold Visa Cashback in the Philippines, promising to maximize your savings on groceries, dining, shopping, and entertainment. If you’re looking for a new way to earn cashback with every eligible transaction, whether from department stores, supermarkets, online shopping, or travel fare, Live+ is positioned as a…

You can now invest in government bonds through GCash. With just a few taps, you can own a piece of the country’s public debt and start earning interest income without stepping into a bank. No more long lines, no paperwork, no excuses. Welcome to the future of fixed income securities in the Philippines, where the…