Robinsons Bank savings accounts for april 2023

A savings account is a fundamental bank account that offers interest and enables superficial deposits and withdrawals of funds. Robinsons Bank provides savings accounts as a secure and practical way to save money. They also give the account holder different ways to quickly access cash when needed.

In addition to being an excellent place to save your cash for daily expenses, a savings account can also be used to accumulate emergency funds. A savings account lets you park your money temporarily if you're saving up for large purchases.

Types of savings accounts offered by Robinsons Bank

• RBank savings. You can manage your money entirely with a bank's Visa debit or ATM card. Through personal online banking, you may withdraw or deposit money, pay bills, take advantage of cashless transactions, earn interest, and keep an eye on your money. The opening and maintaining balance for this account is ₱2,000, ADB to make interest is ₱10,000, and the interest rate is 0.125%.

• RRewards savings. Save money, work hard, and lead the fulfilling life you deserve. With the new RRewards savings account, you may enjoy the advantages of a debit card and a rewards card together. The opening and maintaining balance for this account is ₱100, ADB to earn interest is ₱10,000, and the interest rate is 0.10%

• Passbook savings. With RBank's passbook savings account, you may conveniently track the expansion and activity of your account. The opening and maintaining balance for this account is ₱5,000, ADB to earn interest is ₱10,000, and the interest rate is 0.125%

• Simplé savings. You can open this savings account quickly, easily, and simply. The opening and maintaining balance for this account is ₱100, ADB to earn interest is ₱0, and the interest rate is 0.10%

• US dollar savings account. With this account, you can keep your dollar safe and secured and earn interest, monitoring your account through a passbook. This account's opening and maintaining balance is $100, ADB to make interest is $500, and the interest rate is 0.1% per annum.

Requirements for Robinsons Bank savings account

Below are the requirements to open a Robinsons Bank savings account:

Required documents

• Passports, including those issued by foreign governments

• One of the following documents:

  • Driver’s license

  • PRC ID

  • NBI clearance

  • Police clearance

• Postal ID

• Voter’s ID

• Philhealth (PHIC)

• Tax Identification Number

• Barangay certification

• GSIS e-Card

• SSS card

• Unified Multi-Purpose ID

• Senior Citizen card

• LOWA ID

• OFW ID

• Seaman’s book

• MARINA ID

• Alien Certification of Registration/Immigrant Certificate of Registration

• Office of the government and GOCC ID (e.g., LGU, AFP, HDMF IDs)

• NCWDP certification is required.

• DSWD accreditation

• IBP ID

• IDs issued by private organizations or institutions registered with or under the supervision or regulation of the BSP, SEC, or IC, and company IDs issued by the National Council on Disability Affairs (NCDA)

• For Filipino students: A school ID that the institution's administrative leader

Pros and cons

Below are some pros and cons you should consider before applying for a Robinsons Bank savings account.

Pros

• A savings account like Robinsons Bank Simplé allows you to save a bit of money for the rainy days.

• With a Robinsons Bank savings account, your funds stay liquidated if you maintain them. This means that they are always available for withdrawal as cash.

Cons

• The bank takes time and evaluates an adequate application before accepting your request for a savings account.

• The interest rates are lower compared to competitors.