When opening a bank account, it helps to understand the protections that come with your deposits. One of these is PDIC deposit insurance, which provides coverage for deposits in member banks in the Philippines.
For UNO customers, deposits are insured by the Philippine Deposit Insurance Corporation (PDIC) up to ₱1 million per depositor.
So, what exactly does that mean for you and your savings?
What Is PDIC?
The Philippine Deposit Insurance Corporation (PDIC) is a government corporation that provides deposit insurance for deposits in member banks.
Deposit insurance is designed to help protect depositors in the event that a member bank is closed by the appropriate authorities.
As of March 15, 2025, the maximum deposit insurance coverage (MDIC) is ₱1 million per depositor, per bank.
This means eligible deposits are covered by PDIC up to the applicable maximum amount, subject to PDIC rules and regulations.
How Much Is PDIC Deposit Insurance in the Philippines?
The current maximum deposit insurance coverage is:
₱1,000,000 per depositor, per bank
The coverage was increased from ₱500,000 to ₱1 million effective March 15, 2025.
It’s important to remember that the coverage is per depositor, per bank, rather than simply per account.
For example, if you have several eligible deposit accounts with the same bank, the applicable coverage is determined based on the total amount of your deposits with that bank, subject to PDIC rules.
What Does ₱1 Million PDIC Deposit Insurance Mean for UNO Customers?
UNO Digital Bank is licensed and regulated by the Bangko Sentral ng Pilipinas (BSP) and is a member of PDIC. Deposits with UNO are insured by PDIC up to ₱1 million per depositor.
In simple terms, PDIC insurance gives you an additional layer of protection for your eligible deposits with UNO.
Whether you’re building an emergency fund, saving for a big purchase, or setting aside money for your future, knowing that your deposits are covered can give you greater peace of mind as you work toward your financial goals.
Why Does PDIC Deposit Insurance Matter?
When choosing a bank, it’s easy to focus on interest rates, convenience, or the features available through an app.
But security and deposit protection should be part of the decision, too.
Understanding PDIC insurance can help you make more informed choices about where you keep your money. It’s one more thing to consider as you build your savings strategy.
At UNO, we believe smarter banking starts with giving customers the information they need to make confident financial decisions.
Save and Grow Your Money with UNO
PDIC insurance is one part of your overall financial strategy. The next step is choosing savings products that fit your goals.
#UNOready Savings Account
For everyday savings and banking needs, #UNOready Savings Account lets you manage your money while earning interest.
With #UNOready, you can:
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Earn up to 3.50% p.a. interest, credited daily
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Send money and pay bills
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Shop online
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Fund your account easily through InstaPay and PESONet
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Get free Personal Accident Insurance coverage worth ₱100,000
It’s designed to help you stay ready for everyday needs while building your savings.
#UNOboost Time Deposit
If you have money that you can set aside for a fixed period, #UNOboost Time Deposit gives you another way to grow your savings.
With #UNOboost, you can:
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Earn up to 5.50% interest
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Get a fixed interest rate for up to one year
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Choose a term that fits your financial goals
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Instantly open up to five time deposit bookings
#UNOearn Time Deposit
If you’re looking for a time deposit with monthly payouts, #UNOearn Time Deposit can help you put your savings to work while receiving regular interest payouts.
With #UNOearn, you can:
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Earn up to 5.00% interest for 2 years
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Enjoy monthly payouts
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Instantly open up to five time deposit bookings
Product rates, terms, and conditions apply.
A Smarter Way to Think About Your Savings
Building your savings isn’t just about putting money aside. It’s also about understanding where your money is kept, how it can grow, and what protections are available to you.
Before choosing a financial product, take the time to understand its features, rates, terms, and applicable protections.
With UNO, you can manage your everyday savings through #UNOready, while exploring time deposit options such as #UNOboost and #UNOearn for funds you’re ready to set aside.
And with eligible deposits insured by PDIC up to ₱1 million per depositor, you can save with an added layer of protection.
Start Saving with Confidence
Your savings represent the goals you’re working toward—so understanding how your deposits are protected is an important part of being financially smart.
Whether you’re starting your savings journey or looking for ways to make your existing money work harder, choose products that match your goals and understand the protections that come with them.
Open a UNO account today and start building your savings with confidence.
Frequently Asked Questions About PDIC Deposit Insurance
- Is UNO Digital Bank PDIC-insured?
Yes. UNO Digital Bank is a member of PDIC, and deposits are insured by PDIC up to ₱1 million per depositor, subject to applicable PDIC rules and regulations. - How much is the maximum PDIC coverage?
The current maximum deposit insurance coverage is ₱1 million per depositor, per bank. This took effect on March 15, 2025. - Does PDIC insurance cover all of my deposits?
PDIC insurance covers eligible deposits subject to the applicable laws, rules, and regulations. The maximum coverage is ₱1 million per depositor, per bank. For specific circumstances, depositors should refer to the latest PDIC rules. - Is PDIC insurance the same as a bank’s interest rate?
No. PDIC insurance and interest earnings are different. PDIC insurance provides deposit protection within the applicable coverage limits, while the interest rate determines how much your deposit may earn under the terms of the account or deposit product.
