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High-Interest Savings:
- OwnBank offers some of the highest interest rates in the market, with options like:
- Up to 8% annually on a seven-day time deposit account for new depositors.
- OwnBank Time Deposit with adjustable terms up to one year and a competitive interest rate.
- Own It account with a daily-credited interest rate of up to 6%.
- Free money transfers to other OwnBank users.
- Free transfers to other banks and e-wallets through InstaPay and PESONet.
- Mobile top-up and bills payment functionalities.
- Cash remittances to over 10,000 outlets nationwide (planned).
- Online transactions including QR code payments, card payments, and bank direct debit payments (planned)
- Deposits are insured by PDIC up to Php 500,000 per depositor.
- Regulated by the Bangko Sentral ng Pilipinas.
- OwnBank has a strong legacy built on over 60 years of experience as a rural bank (formerly The Rural Bank of Cavite City).
- OwnBank focuses on providing a user-friendly mobile app for all its banking services.
- It leverages partnerships with other financial technology companies (superapps) to reach a wider customer base.