RCBC savings and time deposit rates
RCBC's best account for ₱100,000 is Peso Time Deposit, 30 days to 1 year (1 year) at 1.125% a year (RCBC rate page, as listed on October 2, 2026). Left for a year, ₱100,000 earns ₱900.00 after the 20% final tax, 12th of the 18 banks on this site.
Our take: keep only your day-to-day money at RCBC. For money you can set aside, UNOBank's #UNOboost Time Deposit leaves ₱3,500.00 more on the same ₱100,000 a year after tax (see UNOBank). Choose the Peso Time Deposit, 30 days to 1 year if you will not need the money for 1 year: it pays ₱799.95 more than Regular Savings ATM. If you might, stay in Regular Savings ATM.
No bank pays to appear here or to change its position.
Licensed by the BSP as a universal and commercial bankRizal Commercial Banking Corporation (BSP short name RCBC) is on the BSP's list of supervised institutions as a universal and commercial bank with 484 offices, and its deposits are insured by the PDIC up to ₱1,000,000 per depositor. BSP Verifier, Institutions list updated September 28, 2026
Next: see what you need to open an account, then open Peso Time Deposit, 30 days to 1 year from RCBC's own Peso Time Deposit, 30 days to 1 year page or the bank’s official app.
Interest calculator, after tax
- Interest you keep, after 20% final tax
- ₱900.00
- Gross interest
- ₱1,125.00
- Final tax withheld (20%)
- ₱225.00
- Rate used
- 1.125%
- Balance at the end
- ₱100,900.00
Time deposit: simple interest for 1 year (365 days over 365), paid at maturity.
Worked example, Peso Time Deposit, 30 days to 1 year, 1 year: ₱100,000 × 1.125% (RCBC rate page, as listed on October 2, 2026) × 365 days ÷ 365 = ₱1,125.00 gross. Less the 20% final tax (₱225.00; RA 12214, BIR RR 21-2025 from July 1, 2025) = ₱900.00 you keep. Compare it with every bank's rate for the same term in time deposit rates.
The 20% final tax applies from July 1, 2025 under Sections 24(B)(1) and 25(A)(1) of the Tax Code, as amended by RA 12214 (Capital Markets Efficiency Promotion Act) (BIR, RR 21-2025). It replaced the old exemption for deposits of five years or more; see the final withholding tax and time deposit vs MP2 after tax.
What you need to open an account
- For the Regular Savings Account with ATM you need a completed RCBC account opening form and one valid government-issued ID, and you apply at a branch. bank page
- The Regular Savings Account with ATM needs a ₱3,000 minimum initial deposit and a ₱3,000 average daily balance. bank page
- The Digital Savings Account is opened only online through RCBC Pulz, not at branches. bank page
- The Digital Savings Account is only for new-to-bank individuals aged 18 and above. bank page
- Accepted IDs for the Digital Savings Account are PhilID, UMID, driver's license, passport, Postal ID issued 2016 onwards, SSS card and PRC card, plus a selfie. bank page
- There is no initial deposit, but you must fund at least ₱100 within 180 days or the account auto-closes. bank page
When to skip it
- Regular Savings ATM: skip it if your balance usually sits under ₱25,000, because it pays no interest below that.
- Peso Time Deposit, 30 days to 1 year: the top rate needs ₱10,000,000 or more; smaller placements earn less.
- Peso Time Deposit, 2 to 5 years: the top rate needs ₱10,000,000 or more; smaller placements earn less.
Published rates, account by account
Regular Savings ATM
0.125% a year, grossInitial deposit PHP 3,000, interest rate 0.125%, required ADB PHP 3,000, balance to earn interest PHP 25,000.
Opening deposit ₱3,000. Maintaining balance ₱3,000.
As listed on RCBC's rate page on October 2, 2026. RCBC
Peso Time Deposit, 30 days to 1 year
0.50% to 1.375% a year, grossPHP time deposit, 30 days to 1 year, minimum PHP 5,000: 0.500% - 1.375% per annum.
RCBC lists the third band as "PHP 100,000 to PHP 999,000". Rates are indicative.
| Term | ₱5,000 to ₱39,999 | ₱40,000 to ₱99,999 | ₱100,000 to ₱999,999 | ₱1,000,000 to ₱4,999,999 | ₱5,000,000 to ₱9,999,999 | ₱10,000,000 and up |
|---|---|---|---|---|---|---|
| 30 to 45 days | 0.50% | 0.625% | 0.625% | 0.75% | 0.75% | 0.875% |
| 46 to 60 days | 0.50% | 0.625% | 0.625% | 0.75% | 0.75% | 0.875% |
| 61 to 90 days | 0.50% | 0.625% | 0.625% | 0.75% | 0.75% | 0.875% |
| 91 to 180 days | 0.625% | 0.75% | 0.75% | 0.875% | 0.875% | 1.00% |
| 181 to 364 days | 1.00% | 1.125% | 1.125% | 1.25% | 1.25% | 1.375% |
| 1 year | 1.00% | 1.125% | 1.125% | 1.25% | 1.25% | 1.375% |
Peso Time Deposit, 2 to 5 years
1.625% to 2.50% a year, grossPHP time deposit, 2 to 4 years: 1.625% - 2.250%; 5 years + 1 day: 2.250% - 2.500% per annum. Minimum PHP 100,000.
| Term | ₱100,000 to ₱999,999 | ₱1,000,000 to ₱9,999,999 | ₱10,000,000 and up |
|---|---|---|---|
| 2 years | 1.625% | 1.75% | 1.875% |
| 3 years | 1.75% | 1.875% | 2.00% |
| 4 years | 2.00% | 2.125% | 2.25% |
| 5 years and 1 day | 2.25% | 2.375% | 2.50% |
Every bank's time deposit rates side by side: time deposit rates.
Maintaining balance, interest and fees
| Account | Opening deposit | Maintaining balance | Earns interest from |
|---|---|---|---|
| Regular Savings ATM | ₱3,000 | ₱3,000 | ₱25,000 |
| Peso Time Deposit, 30 days to 1 year | ₱5,000 | Not applicable | ₱5,000 |
| Peso Time Deposit, 2 to 5 years | ₱100,000 | Not applicable | ₱100,000 |
- MinimumsRegular Savings ATM needs ₱3,000 to open and as an average daily balance, and pays interest only from ₱25,000. bank page
- TaxRCBC withholds 20% of the gross interest each time it credits interest, so the amount you see is already net. Since July 1, 2025 (RA 12214; BIR RR 21-2025) this applies to every deposit term and to dollar deposits too. The deposit itself is not taxed.
Transfer fees
| InstaPay, personal | Free in the BSP summary |
|---|---|
| PESONet, personal | Free |
| InstaPay, business | ₱10.00 |
| PESONet, business | ₱10.00 |
As disclosed to the BSP, as of August 31, 2026. Moving money in or out: compare InstaPay and PESONet fees across banks.
Is your money insured?
The PDIC insures deposits up to ₱1,000,000 per depositor, per bank, effective March 15, 2025, set by the PDIC Board under the PDIC Charter (RA 3591, as amended by RA 11840). All your RCBC accounts in your own name are added together; anything above ₱1,000,000 there would not be insured if the bank closed. ₱1,500,000 kept as ₱1,000,000 at RCBC and ₱500,000 at another bank is fully insured; the same ₱1,500,000 at RCBC alone leaves ₱500,000 uninsured. PDIC
- Your single accounts and accounts held "by", "in trust for" or "for the account of" you at the same bank are added together as one.
- A joint account is insured separately from your single accounts, whether it uses "and", "or" or "and/or".
- Unless the account documents say otherwise, a joint account's insured amount is split equally among the co-owners.
- Your shares across several joint accounts at the same bank are added together and insured up to the maximum.
- Any loan you owe the closed bank is deducted from your deposits there.
- Investment products such as bonds, securities and trust accounts are not deposits and are not insured.
Rules from the PDIC deposit insurance brochure. Work out your own cover, joint accounts included, in the PDIC deposit insurance calculator.
On the BSP register
- Registered name
- Rizal Commercial Banking Corporation
- BSP category
- Universal and commercial bank
- Head office
- Yuchengco Tower, RCBC Plaza, 6819 Ayala Ave., Makati City 0727
- Offices
- 484
- President / Chief Executive Officer
- Mr. Reginaldo Anthony B. Cariaso
- Website
- rcbc.com
Not covered here: business, joint-trust and dollar accounts, and loans. For a problem with a RCBC account, complain to RCBC first, then to the BSP (BOB chatbot on bsp.gov.ph or consumeraffairs@bsp.gov.ph) under RA 11765; if the bank closes, claims go to the PDIC.
What to do next
- Open or check the account on RCBC's own site, and confirm the rate on your amount there before you deposit; banks change rates without notice.
- Compare the same amount across all 18 banks and 50 accounts in the time deposit and savings calculator.
- Holding more than ₱1,000,000? Split it across banks and check the result in the PDIC deposit insurance calculator.
Questions
Is RCBC safe?
The BSP Verifier list updated September 28, 2026 has Rizal Commercial Banking Corporation as a universal and commercial bank, so its deposits are PDIC-insured up to ₱1,000,000 per depositor, per bank, effective March 15, 2025. BSP Verifier
Do I declare RCBC interest on my income tax return?
No. Since July 1, 2025, the 20% that RCBC withholds is a final tax under RA 12214 and BIR RR 21-2025, so the interest is not added to your taxable income. BIR, Revenue Regulations No. 21-2025 digest
What if RCBC closes?
File your deposit insurance claim with the PDIC within 2 years (24 months) of its takeover of the bank; its hotline is (02) 8841-4141 or (02) 8841-4000; toll free 1-800-1-888-7342 (1-800-1-888-PDIC); pad@pdic.gov.ph. source