• RCBC Savings Account

    You can enjoy greater convenience in managing your funds at RCBC. You get a wide range of deposit facilities to choose from. The interest rates are competitive and there are value-added features. You get a greater accessibility to your funds. The savings account helps you become financially independent. You can use the funds at times of emergencies, to accumulate funds for investments, and to save for things you want to purchase.  

    Features and Benefits

    The following are the various features and benefits of RCBC Savings Account:

    • A higher interest rate is offered on the funds deposited.
    • Free accident insurance is offered under WISE Savings Account.
    • The deposits are insured up to P500,000 by the PDIC.
    • The minimum balance requirement to open an account is low.
    • The savings account can be opened for children and retirees.
    • The withdrawals and deposits can be made over-the-counter at the RSB branch, ATMs, and RCBC Savings Bank AccessOne.
    • There is no withdrawal limit per month.
    • You can make withdrawals at any time.
    • You can open a foreign currency account.
    • You earn a tiered interest rate on certain types of Savings Account.
    • You can open personal and corporate accounts.

    Types of RCBC Savings Account

    The following are the various types of Savings Account offered by RCBC:

    1. Basic Savings Account

      This is an interest-earning product where you can deposit and withdraw money at any time with the ATM and passbook. You can also access the account through RCBC online banking. The account can be opened with Dollar, Euro, and Yen.

      Initial deposit

      ATM – P500

      Passbook – P5,000

      Dollar – USD100

      Euro – EUR500

      Yen – Yen50,000

      Maintaining balance

      ATM – P500

      Passbook – P5,000

      Dollar – USD100

      Euro – EUR500

      Yen – Yen50,000

      Average daily balance required to earn interest

      P25,000

      Dollar – USD200

      Euro – EUR1,000

      Yen – Yen50,000

    2. Dragon Dollar Savings Account

      This is a US Dollar savings account which offers you a higher interest rate. The interest rates are tiered. The passbook can be used to monitor the transaction history. This account is meant for young executives, professionals, entrepreneurs, individuals, and high net worth individuals. The small, medium and large enterprises are the target industries. You can access the funds through ATM and RCBC online banking.

      Initial deposit

      Personal – USD1,000

      Corporate – USD2,500

      Maintaining balance

      Personal – USD1,000

      Corporate – USD2,500

      Average daily balance required to earn interest

      Personal – USD1,000

      Corporate – USD2,500

    3. E-Passbook Savings Account

      This account lets you keep a track of your financial records which includes bill payment. The details include account and subscriber number. The account documentation is longer. The account can be accessed through RCBC online banking. This account is meant for small, medium and large enterprises. This account does not come with an ATM card.

      Initial deposit

      P25,000

      Maintaining balance

      P25,000

      Average daily balance required to earn interest

      P50,000

    4. Special Retirement Account

      This account offers a higher interest rate. The interest is credited at the end of every month. This account is for qualified retired former Filipino citizens and foreign nationals. The account is accredited under the Philippine Retirement Authority. The account can be opened in Pesos and Dollars.

      Initial deposit

      Dollar – USD1,500

      Pesos – P75,000

      Maintaining balance

      Dollar – USD1,500

      Pesos – P75,000

      Holding period

      30 days

      Withholding tax for the Dollar account is 7.5%.

    5. WISE Savings Account

      This account is designed for children to save and plan for their future. The minimum deposit required is low. The account holder and the parent will be entitled to free insurance coverage. The account can be accessed through AccessOne, phone banking, and mobile banking. You also get a discount at partner merchants such as Tom’s World, Fun House, Malayan Insurance, AustinLand, Zoocobia, ZooColate Thrills, Little Lamb’s Kiddie Spa, Paradizoo, Residence Inn, Zoobic, etc.

      Initial deposit

      P100

      Maintaining balance

      P1,000

      Average daily balance required to earn interest

      P5,000

      Minimum initial deposit required to get free personal accident insurance

      P1,000

      The personal accident insurance covers accidental death, disablement, or dismemberment for up to P20,000.

    6. Dragon Peso Savings Account

      This account offers a tiered interest rate. It comes with passbook or an ATM card.

      Initial deposit

      Personal – P25,000

      Corporate – P50,000

      Maintaining balance

      Personal – P25,000

      Corporate – P50,000

      Average daily balance required to earn interest

      Personal – P25,000

      Corporate – P50,000

      The interest rate is as follows:

      Average daily balance

      Personal

      Corporate

      P25,000 – P100,000

      0.375% p.a.

      -

      P50,000 – P100,000

      -

      0.375% p.a.

      P100,000 – P500,000

      0.5% p.a.

      0.5% p.a.

      P500,000 – P1,000,000

      0.625% p.a.

      0.625% p.a.

      P1,00,000 – P5,000,000

      0.75% p.a.

      0.75% p.a.

      P5,000,000 – P10,000,000

      1% p.a.

      1% p.a.

      P10,000,000 and above

      1.25% p.a.

      1.25% p.a.

    7. E-Passbook Premium Plus Savings Account

      This account offers tiered interest rates. You can maximize the savings with longer term savings plan. The passbook can be used to monitor the transaction history. The interest is credited annually. The interest will be based on the number of days lapsed and it will be affected by any financial activity such as withdrawals or deposits. You can open a personal or corporate account.

      Initial deposit

      P100,000

      Maintaining balance

      P100,000

      Average daily balance required to earn interest

      P100,000

      The interest rates are as follows:

      Number of days

      P100,000 – P499,999

      P500,000 – P5,000,000

      Above P5,000,000

      0 – 29 days

      0.25% p.a.

      0.25% p.a.

      0.25% p.a.

      30 – 59 days

      0.375% p.a.

      0.50% p.a.

      0.625% p.a.

      60 – 179 days

      0.50% p.a.

      0.625% p.a.

      0.75% p.a.

      180 – 364 days

      0.625% p.a.

      0.75% p.a.

      0.875% p.a.

      365 days

      0.75% p.a.

      0.875% p.a.

      1% p.a.

    8. SSS Pensioner

      This account is for Filipino retirees who have SSS Pensions. The account holder can make deposits and withdraw the funds through passbook, ATMs, Bancnet, RCBC Savings Bank, Megalink ATMs, and ExpressNet.

      Initial deposit

      P100

      Maintaining balance

      P100

      Average daily balance required to earn interest

      Passbook – P25,000

      ATMs – P25,000

    RCBC Savings Account Eligibility Requirements

    The RCBC savings account can be opened by:

    • Residents.
    • Individuals.
    • Pensioners.
    • Foreigners.
    • Children between the ages of 0-21 can open a WISE Savings account.

    Documents Required for RCBC Savings Account

    You will have to submit the following documents:

    • Filipino individuals:
      • School ID.
      • Passport.
      • Driver’s License.
      • NBI clearance.
      • Professional Regulations Commission ID.
      • Voter’s ID.
      • Police clearance.
      • Social Security System ID.
      • GSIS e-Card.
      • Senior citizen’s card.
      • Phil’s Unified Multi-Purpose ID.
      • Overseas Workers Welfare Administration.
      • PhilHealth Health Insurance Card.
      • Seaman’s Book.
      • OFW ID.
      • National Council on Disability Affairs issued ID.
      • IDs issued by a government office, government-owned or controlled corporations, or government political subdivisions.
      • Integrated Bar of Phils. ID.
      • Department of Social Welfare and Development certification.
    • Foreigners:
      • Alien Certificate of Registration.
      • Passport issued by the originating country.
      • Retirement ID issued by the Philippine Retirement Authority.
      • Immigrant Certificate of Registration.
      • Special Resident Retiree’s Visa.
      • DOLE ID.
    • Corporate accounts:
      • Articles and By-Laws.
      • SEC Registration.
      • Company Profile.
      • Latest General Information sheet.
      • A brief resume of principal owners.
      • The latest list of stockholders and officers with corresponding shareholdings.
      • Business permits, memberships, licenses, certificates, and accreditations.

    RCBC Savings Account Interest Rates

    The following are the interest rates offered for the various Savings Account:

    Basic Savings Account

    0.25% p.a.

    USD – 0.125% p.a.

    EUR – 0.125% p.a.

    JPY – 0.0050% p.a.

    Dragon Dollar Savings Account

    For personal:

    USD1,000 to USD20,000 – 0.125% p.a.

    USD20,000 to USD50,000 – 0.25% p.a.

    USD50,000 and above – 0.375% p.a.

    For corporate:

    USD2,500 to USD20,000 – 0.125% p.a.

    USD20,000 to USD50,000 – 0.25% p.a.

    USD50,000 and above – 0.375% p.a.

    E-Passbook Savings Account

    0.25% p.a.

    Special Retirement Account

    The interest rate is repriced each month based on the Board rates issued by the bank.

    WISE Savings Account

    0.5% p.a.

    Dragon Peso Savings Account

    The interest rate is tiered.

    E-Passbook Premium Plus Savings Account

    The interest rate is tiered.

    SSS Pensioner

    0.25% p.a.

    The withholding tax is 20%.

    Fees and Charges

    The following are the applicable fees and charges:

    Maintenance fee

    P500

    Dragon Dollar Savings Personal – USD5

    Dragon Dollar Savings Corporate – USD10

    E-Passbook Savings Account – P750

    WISE Savings Account – P350

    Corporate account – P750

    ATM replacement fee

    P110

    Early closure fee

    P500

    Dragon Dollar Savings Personal – USD5

    Dragon Dollar Savings Corporate – USD5

    E-Passbook Savings Account – P750

    Corporate account – P750

    Dormancy fee

    P500

    Passbook replacement fee

    P110

    Upgrade or downgrade of ATM

    P150

    Bank statement print-out

    P11

    Bank certification

    P200

    How to apply for RCBC Savings Account?

    You can apply for an RCBC Savings Account through the following ways:

    • Phone: You can call +632-555-8700, +632-555-8772, or 1-800-10-000-8772 to know more about the account and find out the process to apply and initiate it.
    • Face-to-face: You can find the closest RCBC branch and visit the branch where you can meet with the bank representative and learn more about the account before applying for it.

    RCBC Savings Account Hotline Number

    You can reach RCBC at +632-555-8700, +632-555-8772, or 1-800-10-000-8772. You can also send an email to rsbcustomercare@rcbcsavings.com.

    RCBC Savings Account FAQs

    1. Can a retired individual open a savings account?

      Yes, a retired individual can open a savings account with RCBC.

    2. Do I get any insurance attached to my savings account?

      Yes, you get a free accident insurance under WISE Savings Account.

    3. How can I make the deposits and withdrawals?

      You can make the withdrawals and deposits can be made over-the-counter at the RSB branch, ATMs, and RCBC Savings Bank AccessOne.

    4. Is there any withdrawal limit on the savings account?

      No, there is no withdrawal limit per month.

    5. Can I open a foreign currency account?

      Yes, you can open a foreign currency account in Dollar, Euro, and Japanese Yen. 

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