Fulfilling its vision to bank more Filipinos, award-winning digital challenger bank Rizal Commercial Banking Corporation (RCBC) through its financial inclusion app RCBC DiskarTech extends its 6.5% annual savings interest rate offer indefinitely.
Following its initial launch as a Christmas promo in December 2022, the 6.5 percent annual savings interest rate offered by RCBC DiskarTech garnered an impressive response from Filipinos. As a result of the overwhelming demand and positive results, RCBC has decided to make the annual savings interest rate a permanent feature of the app. With this move, RCBC DiskarTech has emerged as one of the apps in the market with the highest savings interest rate, further strengthening its position as a leading player in the industry.
The higher interest savings rate is an opportunity for Filipinos to earn extra money from their basic deposit account, enticing more unbanked to migrate into the formal financial system and use online banking. Aside from the higher savings interest rate, users of the application will enjoy elevated access to affordable micro loans, micro insurance, teleconsultation services, cash deposit and withdrawals and e-loading services.
“The extension of RCBC DiskarTech’s 6.5% annual savings interest rate empowers our users to grow their savings and take advantage of the benefits our app has to offer. This is part of RCBC’s relentless pursuit to be the bank of choice of all Filipinos,” said Lito Villanueva, RCBC Executive Vice President and Chief Innovation and Inclusion Officer.
RCBC DiskarTech users can also enjoy hassle-free remittance service through RCBC’s recent partnership with PeraHub, allowing OFWs abroad to send remittances directly to RCBC DiskarTech account users here in the Philippines. This pioneering service will allow Filipino families to skip the line at remittance centers.
RCBC is one of the country’s fastest-growing banks, and the most awarded for its banking innovations. It is now the Philippines’ 5th largest privately-owned universal bank from 8th place in asset ranking in 2018. It accomplished and maintained this feat from 2020 to the present, even breaching the P1-Trillion asset mark by the end of June 2022 despite the COVID-19 pandemic and various investment activities by competition. RCBC’s continuing digital and business transformation further enhanced its value and reach. RCBC has now become the most awarded Philippines bank. Among its recognitions include a three-peat award as the Philippines’ Best Bank for Digital by Asiamoney, back-to-back wins for Best Financial Inclusion App by The Asian Banker’s Financial Technology Innovations Awards, and the YouTube challenger award for its viral and out-of-the-box digital ad campaigns generating combined views of over 17 million.
