Got an SRRV when i got here in 2016, PRA told me about military, deposit dropped in an instant to $1400. Only needed ONE renewal.
1. I enjoy dealing with PRA in cebu via email and lbc, easier than B of Imm.
2. I think traveling thru airports is easier with an SRRV rather than tourist, but i could be wrong.
3. Even if srrv deposit was $10k, i would probably do it rather than screw around with the continual visa problems, especially if you are going to live here forever.
4. Possibility of failure of big banks here is slim.