💜 TONIK DIGITAL BANK | Earn up to 6% p.a. 💵 | First NEOBANK Philippines High Interest Account 2021

Tonik is finally out and everyone's excited about it! They're the first ever Neobank in the Philippines and they're offering up to 6% interest on your savings. This video will be an overview of Tonik bank. We'll discuss what neobanks are, a quick background of Tonik, what products Tonik has to offer, how to create a Tonik account, and my thoughts based on my experience with Tonik.

Tonik is the first to receive a digital-only banking license from the Bangko Sentral ng Pilipinas (BSP). They call themselves a Neobank, which means that they're a pure digital bank. As of recording this video, they offer 4 products: Tonik Wallet (1% p.a. interest), Solo Stash (4% p.a. interest) and Group Stash (4.5% p.a. interest), Time Deposit (up to 6% p.a. interest), and a Virtual Debit Card. Tonik has no minumum balance, no dormancy fees, no minimum deposits, and no account closure. Most of the bank fees are currently free! They're also PDIC-insured up to Php500,000!

Have you opened an account with Tonik yet? What are your thoughts on this new digital bank? Let me know in the comments below! 🍞

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🕰TIMESTAMPS:
00:00 Intro & Overview
01:32 What is a Neobank?
02:33 What is Tonik?
04:09 Sponsor Mention: Skillshare
05:03 What products does Tonik offer?
08:00 How to open a Tonik account?
09:08 My thoughts on Tonik

Send this video to your homies so you guys can benefit from managing your finances together! SUBSCRIBE for more videos like this! I post one video a week and I talk about personal finance, self-development, or anything I learn or experience throughout my life as a 20-year-old.

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🤝 Where to reach me

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FTC: This video was sponsored by Skillshare.

💜 TONIK DIGITAL BANK | Earn up to 6% p.a. 💵 | First NEOBANK Philippines | High Interest Account 2021
tonik bank neobank philippines / digital banks in the philippines / high interest savings account philippines / tonik time deposit / best savings account 2021 philippines

[NicoleAlbaYT]

Hallo friends! It's been a few weeks since I last uploaded and I'm sorry for the long wait. School has been really hectic, but I'm super excited to make this video for you guys. Tonik is finally out and everyone (including me) is super excited about it! Let's talk all about it in this video. Have you opened an account with them yet? Share your thoughts about Tonik with me in the comment section below! 🌟👀🍞
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[juliocontreras]

I’m a financial analyst for a big bank. Just want to tell you that are giving people great advice. Great job, keep it up! :)

[blurryves]

I was actually one of the beta testers for the app. I was impressed with their CS pati na rin sa mga deposit products nila. I have to agree din with Nicole regarding sa marketing nila. Di ako sanay, especially sa banks na tatawagin akong luv, lolz.

[alecxandwa]

When I saw the video was sponsored, I FELT SO HAPPY FOR YOU!!!

[gracefullyikimura]

I'm downloading the app now. That's how effective you are to me Nicole. I trust you so much when it comes to financial related reviews.Thanks!

[chunkygrumpy]

Finally, a new video from the Bread Mother! 🙌

[teajuana]

I understand that digital banks have higher interest rate but it usually just in the beginning. Interest rates fluctuates like in ING it was 4% then now it's only 2.5%. Same goes for CIMB and GSave.

[blovs]

I know this kinda cringe to say but I'm gonna say thanks to you I found opportunities to invest my money. I started investing 2 days ago but before I started I've planned everything. I never thought 16 y/o me will ever think about investing and now here I am just started my first investment thanks to you. Thank You So Much!!!!

[jakeandreidelrosario]

Can't wait for these video to come out, I want to hear that "I can personally vouch for this" that builds up the credibility of the bank lol. Thank you for your time and effort because we definitely see the passion you always put in every content of yours!

[justjellee]

Hi Ate Nicole, I appreciate the time you spend vlogging these kinds of videos at the same time doing online classes as well. Keep up the good work ate! We got ur back 🤗

[jaycabrera]

Always been wondering why you were inactive. Glad to know youre back on the day i learned about tonik. Haha. Watched you grow from 20k subs to 100k+ keep it up!!!

[AlphieG]

High interest rates encourages customers to deposit. Interest rates p.a. may decrease as low as 2.5% but still higher than local savings account.

[itsgeib]

GInvest!! Since available na yung products nila :)) 🍞🍞🍞

[Talamasca]

I was one of the beta testers aka Lighthouse Keeper for Tonik! Glad it's finally out now and I can't wait to see what your take is on this new baby! 😊

[joyquiambao]

Hi nicole thank you for uploading regarding TONIK bank as a 43yo mom i learn alot from your video, more power to your videos 😍🙏 j Joy of Tiaong

[inahmaeboholano]

I hope you'll upload a follow up video about tonik after 6 mos. Thanks! I'm fond of your videos!!!

[xiuminnie]

Free bank transfers! I need that.. Kahit for trial lang.. Sayang din yung matitipid sa fees! Thanks Nicole for the tip.. Let's see if Tonik lives up to their promise

[camilledelrosario]

I just watched one of your videos about CIMB and ING then I got here. Hmmm there's a lot of good digital banking indeed. Thank you for sharing this! Your channel is getting bigger! I'm happy for you. ❤️

[tonytruff]

Awesome detailed breakdown as usual 🙌 I hope Tonik does well and gives CIMB and ING a run for our money! I do feel that the cash in options are still a bit limited so hopefully they'll be able to address that, but yes, I don't expect the 6% to last forever too that's why I quickly locked it in as well. Let's go get that bread!

[jeffersonroblo]

Sa inyo ko po nalaman about sa digital banking 😊
Specially CIMB, nag i-earn na po ako ng interest mula sa dalawang account na inopen ko, yung kinikita ko sa pag oonline selling dito ko nilalagay. di man kalakihan pero mas mataas parin compare interest sa traditional bank. Ok din service nila madali makapag access. Very thankful ako sa mga katulad niyong influencer na may ganitong content about finances and money savings 😊 More powers po sa channel niyo. Godbless