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Our Bank

Invest with Confidence

Earn as much as 6.5% interest and get the best industry rates with our products. Deposits are insured by PDIC up to ₱1 Million per depositor*

Find the perfect savings plan

The longer you keep your money with us, the more you earn.

6–9 months

300,000

6% (earn from ₱9,000 to ₱13,500)

₱500,000

6% (earn from ₱15,000 to ₱22,500)

₱1,000,000

6% (earn  from ₱30,000 to ₱45,000)

Deposits are insured by PDIC

up to ₱1 Million per depositor

12 months

₱300,000

6% (earn ₱18,000)

₱500,000

6% (earn ₱30,000)

₱1,000,000

6% (earn ₱60,000)

Deposits are insured by PDIC

up to ₱1 Million per depositor

2–3 years

₱300,000

6% (earn  from ₱36,000 to ₱54,000)

₱500,000

6% (earn  from ₱60,000 to ₱90,000)

₱1,000,000

6.5% (earn  from ₱130,000 to ₱195,000)

Deposits are insured by PDIC

up to ₱1 Million per depositor

Open an account

Time Deposit referrals

Get a 0.5% cash bonus for every successful referral

Requirements

Invite a friend to open a time deposit account with a 12-month term and a minimum deposit of ₱50,000.00

Reward

Each successful referral earns you a 0.5% bonus based on their time deposit amount

To open an account

Please visit or call the following branches

Head Office: Salmon Bank (Rural Bank)

F. Gomez Street, Poblacion Barangay Malusak, Santa Rosa City, 4026 Laguna

Landline: +63 49 534 1126

About us

Salmon Bank (Rural Bank) Inc. formerly Rural Bank of Sta. Rosa (Laguna), Inc. is a well-respected licensed financial institution serving Filipino communities since 1963. Its ambition is to build the best credit-led and technology-centric bank in the Philippines. Salmon Bank (Rural Bank) is regulated by the BSP. The controlling stake in Salmon Bank (Rural Bank) is owned by Salmon Group, which was founded in July 2022 by an experienced team and is backed by prominent international shareholders. The mobile application of Salmon is rated at 4.8 both in Google Play and App Store, and 92% of Salmon customers recommend its services to their friends and families.

Salmon Bank (Rural Bank) Inc. – Board of Directors

Salmon Bank (Rural Bank) Inc. – Management Team

Salmon Bank (Rural Bank) Inc. – Sales Team

Press Releases

Reports

FAQs

Yes, the Rural Bank of Sta. Rosa (Laguna), Inc. is now Salmon Bank (Rural Bank) Inc. as a reflection of our new mission and direction as part of Salmon Group Ltd. This change is official and approved by the Bangko Sentral ng Pilipinas. You may view our Certificate of Authority here.

Yes, we are officially licensed by the Bangko Sentral ng Pilipinas (BSP). You may find our listing on the BSP website under the previous name of the bank – Rural Bank of Sta. Rosa (Laguna) Inc. Information regarding the new name will be updated on the BSP website later accordingly.

The requirements to open a bank account include one (1) valid government ID, and one (1) recent 1X1 ID photo. An Alien Certificate of Registration is required for foreign nationals.

Here are the IDs you can submit for your application:

  • Unified Multi-Purpose Identification (UMID) Card
  • Driver’s License
  • PhilSys ID (Philippine Identification System ID)
  • Social Security System (SSS) Card
  • Philippine passport
  • Postal ID

PRC and Voter’s IDs are not accepted. Also, we only accept the plastic card PhilSys ID, not the digital version. 

  • Maintenance – Free of charge
  • Checkbook Fee – Free of charge for accounts with deposits of ₱500,000.00 and above; a ₱500 charge for accounts with deposits of ₱499,999.99 and below
  • Fee for Issuance of Bank Statements – Free
  • Certification of Deposit Fee – Free
  • Tax – 20% withholding tax applied to matured time deposit accounts
  • Dormancy Fee – ₱30, applied after 5 years of inactivity
  • Stop Payment Order Charge – ₱2,200

Yes, deposits are insured by the Philippine Deposit Insurance Corporation (PDIC) for up to ₱1 Million per depositor. For more information, you may visit https://www.pdic.gov.ph/ 

Yes, a joint account shall be insured by PDIC separately from any individually-owned deposit account/s. If the account is held jointly by two or more natural persons, the maximum insured deposit shall be divided into as many equal shares as there are individuals unless a different sharing is stipulated in the document of deposit. For more information, you may visit https://www.pdic.gov.ph/di_howtofileclaims_dot 

For Regular Savings Deposit, the client will earn 3% interest rate per annum. 
Demand Deposit is a non-interest-bearing deposit. 
For Time Deposit accounts the interest rate will depend on the amount of deposit placement and with the chosen term. Please see the following interest rates below.

Deposit amount — ₱50,000.00 to ₱999,999.99
6 months — 6%
9 months — 6%
12 months — 6%
24 to 36 months — 6%

Deposit amount — ₱1,000,000.00 to ₱50,000,000.00
6 months — 6%
9 months — 6%
12 months — 6%
24 to 36 months — 6.5%

Clients can open an account at Salmon Bank (Rural Bank) Inc. Head Office, located at F. Gomez St., Barangay Malusak, Sta. Rosa, Laguna. They can also visit our Bacoor Branch, located at Evangelista St., Barangay Daang Bukid, in Bacoor City, Cavite. 

You can also get started online. First, fill out our application form here. Then, one of our telesales representatives will get in touch to walk you through Salmon Time Deposit. Afterwards, they will assign a Relationship Manager to assist you in completing the account opening process – at your preferred schedule, and in the convenience of your own home or office.

Your account starts earning interest as soon as money is credited to the account. Interest is earned monthly and will be credited to your Time Deposit account at the end of each month. All interest earnings are subject to a 20% withholding tax, as required by law. If you leave interest on the Time Deposit, then compound interest will be applied and this rate will be obtained: 

Deposit amount — ₱50,000.00 to ₱999,999.99
6 months — 6.06%
9 months — 6.10%
12 months — 6.13%
24 months — 6.28%
36 months — 6.44%

Deposit amount — ₱1,000,000.00 to ₱50,000,000.00
6 months — 6.06%
9 months — 6.10%
12 months — 6.13%
24 months — 6.28%
36 months — 7.02%

You can also choose to have your earned interest paid out every month to your checking account instead of adding it to your Time Deposit. 
 

Once your account is open, you can make a deposit in two ways:

  • Over the counter at our bank branches
  • Bank transfer to our depository accounts with UnionBank or Maybank. Types of money load: money transfer, cash or check. 

    Bank name: Unionbank 
    Account Name: RURAL BANK OF STA ROSA LAGUNA INC 
    Account Number: 000610001991

    Bank name: Maybank 
    Account Name: RURAL BANK OF SANTA ROSA (LAGUNA), INC. 
    Account Number: 10260025186 

Minimum initial deposit: ₱50,000

To get the maximum return of 6.5%, your deposit must be at least ₱1,000,000. This lets you continue earning from the highest interest rates available under the current terms. 

Withdrawing your money after the maturity period will not affect any interest earned from the previous term. Your account will automatically roll over or extend to a new term, unless you specify otherwise. This means that if you don't take action, your funds will continue to earn interest according to the terms of the new period.

It’s best to keep your deposit until maturity to get the full interest rate. If you withdraw your funds before the maturity date, your Time Deposit will be pre-terminated.

In this case:

  • You will earn a reduced interest rate of 1.00%.
  • A pre-termination fee of 0.75% of your initial deposit will also be applied. 

Joint account ownership  

Joint account is an account held jointly by two or more natural persons, or by two or more juridical persons or entities. Joint accounts shall be insured separately from any single or singly-owned deposit account. 
The aggregate of the interests of each co-owner over several joint accounts, whether owned by the same or different combinations of individuals, juridical persons or entities, shall likewise be subject to the Maximum Deposit Insurance Coverage of Php1,000,000. 
For more information, you may visit  https://www.pdic.gov.ph/di_howtofileclaims_dot.


Corporate Accounts

  • By-laws with the SEC Certificate of Filing
  • Board Resolution authorizing the opening of the account  
  • Board Resolution designating the authorized signatories for the account
  • Corporate Secretary’s Certification of Elected Officers
  • Two (2) pieces each of recent 1x1 pictures of authorized signatories
  • Two (2) acceptable IDs of the authorized signatories opening the account
  • General Information Sheet
  • License to do business in the Philippines or Certificate of Exemption, if foreign entity