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Robinsons Bank savings accounts for September 2022 in the Philippines

Open a savings account at Robinsons Bank. On 25.09.2022 there are 4 options available to you.

Offers: 4

Updated:
29.08.2022
07:03
Robinsons Bank
US Dollar Savings
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

$500 interest earning balance
Rate
i

Effective interest rate on the product

0.10% per annum
Robinsons Bank
Passbook Savings
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

₱10,000 minimum balance to earn interest
Rate
i

Effective interest rate on the product

0.125% per annim
Robinsons Bank
RRewards Savings
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

₱10,000 minimum balance to earn interest
Rate
i

Effective interest rate on the product

0.10% per annum
Robinsons Bank
RBank Savings
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

₱10,000 minimum balance to earn interest
Rate
i

Effective interest rate on the product

0.125% per annim

Other types of savings accounts

How to open a savings account

Fill out your application
Fill out your application

On our website you can fill out a short application form for a savings account.

Send your application online to the suggested banks
Send your application online to the suggested banks

After the parameters being checked, you will be able to send your application to the appropriate companies.

Wait for a response from the bank
Wait for a response from the bank

If necessary, a bank specialist will contact you to clarify the details.

Open your account!
Open your account!

Sign the contract and open your account online or at the bank's branch.

Apply Your data is securely protected
Robinsons Bank savings accounts for September 2022

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.

FAQ

Can I open more than one Robinsons Bank savings account?

There is nothing improper with keeping multiple ATM savings accounts open. It might be beneficial to open various bank accounts for different budgetary allocations. 

What sets a savings account apart from a checking account?

A savings and a checking account differ primarily because the former is intended more for saving while the latter is designed more for spending. Since they can be used to write checks for payments and purchases, checking accounts typically carry low-interest rates or no interest rate. 

A savings account is nevertheless convenient for payments despite this fact. For instance, it's simple to pay for the things you need with a Robinsons Bank simplé savings account because you can get a debit card to go with your account for a cheap charge of just ₱150. You can then use this card to withdraw money from ATMs and purchase items from online stores or brick-and-mortar shops.

What advantages does an ATM savings account with Robinsons Bank have for my finances?

Simple money management can be accomplished with a savings account. It is a great way to start saving for short-term objectives like a trip or a new gadget, and an emergency fund. You reduce your chance of making impulsive purchases by storing your money in a savings account rather than in your wallet.

Are my Robinsons Bank savings account debit cards secure from fraud?

Thanks to Robinsons Bank's collaboration with VISA, the debit cards that come with each ATM savings account now benefit from EMV chips. Your personal information is also protected by the embedded microchip in each card, making them more secure against fraud.

Is my Robinsons Bank RRewards savings account active already?

Yes. Once you get an account number, it is already active.