Compare Savings Accounts in Taiwan

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17 live offers compared from 13 providers, from 0.80% AER. Updated daily.

What are savings accounts in Taiwan?

A savings account in Taiwan holds instant-access cash while earning interest, sitting between a plain demand account and a locked time deposit. Digital-first banks and challenger brands have transformed the segment by offering high tiered interest on balances up to a cap, far above the traditional demand rate. These high-yield accounts, often app-only, have drawn younger savers who want liquidity plus return. Both NT dollar and foreign-currency savings options are available.

How the Taiwan market works

Traditional demand-deposit interest is minimal, so competition centres on promotional high-interest accounts that pay a headline rate on balances up to a ceiling, above which the rate drops to standard. Providers like O-Bank and Taishin's Richart popularised this model, and digital banks followed. Some accounts require conditions, salary deposit, card spend or transaction counts, to earn the top rate. Foreign-currency savings accounts let holders earn on USD balances, subject to exchange-rate risk.

Benefits

High tiered interest — Promotional rates pay well above standard demand accounts on balances up to a cap.

Instant access — Unlike time deposits, funds stay liquid and withdrawable at any time.

Digital convenience — App-based accounts open quickly and manage everything by phone.

No lock-in — Earn a competitive rate without committing to a fixed term.

Deposit protection — Balances, including at digital banks, are CDIC-insured up to NT$3 million, so higher returns come without added risk to principal.

How to choose

Focus on the balance cap for the headline rate, since the top rate usually applies only up to a limit, and check any conditions like salary deposit or minimum card spend. Compare the standard rate on balances above the cap, and confirm whether the promotional rate is permanent or time-limited. If you hold more than the cap, consider splitting funds across accounts or into a time deposit. Check app usability and any withdrawal or transfer fees.

Leading providers in Taiwan

O-Bank and Taishin's Richart are pioneers of high-yield digital savings, while the Bank of Taiwan, CTBC Bank, E.Sun Bank, Cathay United Bank, First Bank and Fubon Bank Taiwan all offer competitive savings and promotional new-money rates. Digital banks such as LINE Bank and Next Bank add app-first high-interest accounts, intensifying competition for savers' balances.

What it costs

Savings accounts pay you rather than charge a fee; headline rates in this comparison range from about 0.8% up to 8.8% on promotional tiers, though the highest rates apply only to small balances up to a cap and often require conditions. Standard rates above the cap are far lower. Watch for interbank transfer fees beyond any free monthly quota as the main incidental cost.

Protections and regulation

Savings accounts are supervised by the Financial Supervisory Commission (FSC) and covered by CDIC deposit insurance up to NT$3 million per depositor per bank, including at digital banks. Foreign-currency balances fall within the same limit converted to NT dollars but carry exchange-rate risk. Promotional rate terms and conditions must be clearly disclosed, and digital banks operate under the same deposit rules as branch banks.

Common questions

Why is the high rate capped? Promotional rates apply only up to a balance ceiling; amounts above earn the low standard rate.

Are there conditions? Often yes, such as salary deposit, card spend or a transaction count, to qualify for the top rate.

Is my money safe? Yes; balances are CDIC-insured up to NT$3 million per depositor per bank, digital banks included.

What if I hold more than the rate cap? Amounts above the promotional ceiling earn only the low standard rate, so many savers split funds across accounts or move the excess into a higher-paying time deposit.

Savings Accounts in Taiwan — FAQ