Rizal Commercial Banking Corporation (RCBC) is drawing more Filipino investors–particularly seniors and self-employed individuals–to its green time deposit (GTD) product, reflecting their commitment to both financial growth and environmental sustainability.
Bank data revealed that 35 percent percent of depositors in the GTD are retired individuals, while 21.9 percent comprised self-employed professionals. Furthermore, seniors, aged 60 and above, make up 30.8 percent of the total individual GTD depositors, while mature married individuals contribute another 31.1 percent.
The unique time deposit product also appeals to younger and environmentally-conscious segments, with 11.1 percent of depositors categorized as young singles, further emphasizing the shift in investor preferences towards green finance solutions.
“Our green time deposit product offers a unique value proposition–it allows our clients to grow their wealth while helping fund projects that support clean energy, waste reduction, and other environmentally responsible initiatives. Investors are now more conscious than ever about where their money goes and the kind of world they want to build,” RCBC’s Chief Sustainability Officer Armi Lamberte said.
