Tonik – The New Digital Bank For The Hip Pinoy

Tonik Bank as they say is the new “Bank” in the block that provides retail financial products such as deposits, loans, savings accounts, payments, and cards through a digital banking platform. Tonik targets mainly the tech savvy markets who is increasingly growing drastically during the pandemic.

Tonik offers a time deposit interest rate of up to 6% and savings account interest rate of up 4.5 %. Higher than traditional banks in the country. Time deposits don’t even have a lock on your account meaning you can withdraw your savings anytime you need to.

Tonik is fairly new and young and we’ll most probably see more offers and app features in the next coming months. Tonik Bank App is now available in both Google Play and Appstore.