Yuchengco-led Rizal Commercial Banking Corporation reaffirmed its commitment to support SMEs by launching an all-in one deposit account for SMEs, a product that combines the features of a savings, checking, and time deposit.
OneAccount Business is designed to eliminate having to manage several accounts by combining all the necessary features that enable business owners to do financial transactions such as save, disburse and invest using a single account.
Subject to tiered average daily balance, this newest offering allows funds to earn as much as 0.875 percent interest rate, with access to cash management services which include eGov payment, onsite check writing services and payroll facility, among others.
"The introduction of OneAccount Business completes the suite of product offerings ideal for startup businesses, freelancers, self-employed and retailers," executive vice president and head of Retail Banking Group Richard Lim said.
OneAccount Business is one of the bundled products offered to SMEs which combines business and cash management solutions that provide a more convenient experience in banking, giving them more time to focus on their business operations.
In 2020, RCBC first launched the OneAccount for individual clients, the first to market a 3 in 1 savings, checking, and time deposit product offering. This year, it has been recently recognized as the Best Banking Product and Best Savings plan by the Global Banking and Finance and the Retail Banker Trailblazer Awards, respectively.