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Our Bank

Invest with Confidence

Earn as much as 8.88% interest and get the best industry rates with our products. Deposits are insured by PDIC up to P500,000 per depositor*

Time Deposit accounts

Deposit amount ₱50,000.00 to ₱500,000.00

6 months

Interest rate

5%

per year

Open an account

9 months

Interest rate

5%

per year

Open an account

12 months

Interest rate

6%

per year

Open an account

Deposit amount ₱500,000.01 to ₱50,000,000.00

6 months

Interest rate

6%

per year

Open an account

9 months

Interest rate

6%

per year

Open an account

12 months

Interest rate

8.88%

per year

Open an account

Savings accounts

Savings amount up to ₱5,000,000.00 

Interest rate

3%

per year

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: Sta. Rosa, Laguna

F. Gomez St., Poblacion, Barangay Malusak, City of Sta. Rosa, Laguna 4026

Contact Person: Edward Daniel A. Dela Cruz

Landline: (049) 534-1126

Mobile No. 0997-952-7783

Branch: Bacoor Cavite

Evangelista Street, Barangay Daang Bukid, Bacoor, Cavite 4102

Contact Person: Arthur Castor

Landline: (046) 434-6197

Mobile No. 0955-861-7848

About us

Salmon is currently operating a licensed bank in the Philippines (Rural Bank of Sta. Rosa Laguna, Inc.), a well-respected licensed financial institution serving Filipino communities since 1963. Salmon’s ambition is to build the best credit-led and technology- centric bank in Southeast Asia. Founded in July 2022 by an experienced founding team, Salmon uses AI-enabled technology and a proprietary credit engine to offer market-disruptive consumer loans (Salmon Credit, Salmon Installment and Salmon Cash Loans) providing differentiated simplicity and convenience to its customers. The mobile application of Salmon is rated at 4.8 and 92% of Salmon customers recommend its services to their friends and family.

Board of Directors

George Chesakov - Executive DirectorGeorge Chesakov

Executive Director

Pavel Fedorov - Non-Executive DirectorPavel Fedorov

Non-Executive Director

Liza Siongco - Non-Executive DirectorLiza Siongco

Non-Executive Director

Eunice Monsod - Non-Executive DirectorEunice Monsod

Non-Executive Director

Justice Andres Reyes Jr. - Independent DirectorJustice Andres Reyes Jr.

Independent Director

Perry Morales - Independent DirectorPerry Morales

Independent Director

Annual Reports and Audited Financial Statements

FAQs

The requirements to open a bank account are two valid government IDs and two pieces of a recent 1x1 picture. Alien Certificate of Registration is required for foreign nationals.

Primary ID’s 
 

  • Philippine Identification System (National ID)
  • Philippine Passport
  • PhilHealth ID
  • Driver's License
  • SSS or UMID/GSISID
  • Postal ID
  • Philippines Regulation Commission (PRC) ID
  • Integrated Bar of the Philippines (IBP) ID
  • Diplomat ID-Philippine Embassy
  • Overseas Workers Welfare Administration (OWWA)ID/OFWID
  • Senior Citizen ID




Secondary ID’s 
 

  • NBI Clearance
  • Voter’s ID
  • PWD ID
  • Student ID (photo bearing, signed by the principal or head of the school) or Form 137 for students
  • Police Clearance
  • Barangay Clearance
Regular Savings Account
Initial Deposit — ₱1,000
Maintaining Balance — ₱500
Minimum Maintained Balance to Earn Interest — ₱1,000


Demand Deposit Account
Initial Deposit — ₱5,000
Maintaining Balance — ₱5,000


Time Deposit Account
Minimum Initial Deposit — ₱50,000

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 ₱500,000.00
6 months — 5%
9 months — 5%
12 months — 6%

Deposit amount — ₱500,000.01 to ₱50,000,000.00
6 months — 6%
9 months — 6%
12 months — 8.88%
  • Maintenance Fee - ₱200 for accounts that fall below the required Average Daily Balance for at least two (2) consecutive months
  • Overdraft Charges - ₱2,200 for the first ₱40,000 and an additional of ₱100 for every ₱40,000 thereafter
  • Stop Payment Order Charge - ₱2,200
  • Checkbook - ₱500 inclusive of documentary stamps
  • Dormancy Fee - ₱30 after five (5) years after the last activity
  • Issuance of Bank Statements - ₱50 per page
  • Certification of Deposit - ₱200
  • Tax - 20% withholding tax for matured time deposit accounts
  • Documentary Stamp Tax – For termination of accounts

Every client can open an account in Rural Bank of Sta. Rosa (Laguna), Inc. Head office located in F. Gomez St., Barangay Malusak, City of Sta. Rosa, Laguna; and in Bacoor branch located at Evangelista St., Barangay Daang Bukid, Bacoor City, Cavite.

 

For clients in Metro Manila or other areas, the relationship manager or sales officer will meet the customer at the official address declared in the Account Opening Document — either their employment/business address or residence address. Our relationship manager or sales officer will meet with you and assist you throughout the process.

Yes, deposits are insured by the Philippine Deposit Insurance Corporation (PDIC) for up to Php 500,000.00 per depositor.
The cut-off time is at 11:00 in the morning. From Monday-Friday except Holidays.

Accounts in Trust of Fiduciary:  
a. In-Trust-For — accounts opened by the parent or guardian on behalf of a minor  
 

  • Two (2) acceptable IDs of the individual/s opening the account
  • Two (2) pieces of recent 1x1 pictures
  • Guardian, agent, nominee, trustee, executor or authorized signatory/ies.
  • Birth Certificate of Minor


b. For-The-Account-Of —accounts opened on behalf of an entity or an individual other than a minor  
 

  • Two (2) acceptable IDs of the individual/s opening the account
  • Two (2) pieces of recent 1x1 pictures
  • Guardian, agent, nominee, trustee, executor or authorized signatory/ies
  • Notarized Special Power of Attorney
  • Documents evidencing the relationship and/or agreement of the depositor/principal with the agent/nominee

c. Estate  
 

  • Two (2) acceptable IDs of the individual/s opening the account
  • Two (2) pieces of recent 1x1 pictures
  • Guardian, agent, nominee, trustee, executor or authorized signatory/ies.
  • Death Certificate
  • Court order or testamentary will


Sole Proprietorship — Certificate of Registration of Business Name approve by the Department of Trade  
 

  • Affidavit of Application of Business Name or DTI Certificate
  • Business or Mayor’s Permit
  • Two (2) acceptable IDs of the individual opening of the account
  • Two (2) pieces each of recent 1x1 pictures of authorized signatories


Partnership Account — Articles of Partnership with Certificate of Registration with the SEC.  
 

  • Certificate of Registration of Trade Name approve by the Department of Trade
  • Affidavit of Application of Business Name
  • Agreement authorizing one or some of the Partners to manage the account where such partner is not named in the Articles of Partnership
  • Two (2) acceptable IDs of the authorized signatories opening the account
  • Two (2) pieces each of recent 1x1 pictures of authorized signatories
  • General Information Sheet or List of Directors/Partners and Key Officers
  • Resolution to open a deposit account with the bank (for foreign entity and it must be authenticated by the Philippine Consul).
  • Resolution designating the authorized signatories (for foreign entity and it must be authenticated by the Philippine Consul).
  • Partnership Agreement


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


Registered Association / Groups / Cooperatives / Foundations  
 

  • Co-Partnership, By-laws and Articles of Incorporation with the SEC Certificate of Filing (for foreign entity it must be authenticated by the Philippine Consul)
  • General Information Sheet or List of Directors/Partners and Key Officers
  • 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


Unregistered Association / Groups / Cooperatives / Foundations  
 

  • Two (2) pieces each of recent 1x1 pictures of authorized signatories
  • Two (2) acceptable IDs of the authorized signatories opening the account
  • Documents evidencing the existence of the unregistered entity.
  • List of Members
  • Resolution to open a deposit account with the bank (for foreign entity it must be authenticated by the Philippine Consul)
  • Resolution designating the authorized signatories (for foreign entity it must be authenticated by the Philippine Consul)
Directly report to the respective branch where the account was opened and submit a notarized affidavit of loss.
There will be an Overdraft Fee for every bouncing check. The charge is PHP 2,200.00 for the first PHP 40,000.00 and an additional PHP 100.00 for every PHP 40,000.00 thereafter.
Three (3) bouncing checks issued by the depositor will mean closure of the account without prior notice and the depositor is required to surrender any unused checks in his/her possession.
No, your passbook should be always present when making withdrawal transactions.
Rollover is basically an automatic renewal of the initial agreed terms. The term you initially chose will be the same term your Time Deposit Account will follow after the maturity period is over.
If you withdraw your money before the maturity period, your account will be pre-terminated, and you will only earn a reduced interest rate of 0.25%. Additionally, you may be required to pay document stamp tax fees or other applicable penalties.

If less than 12 months (e.g. 6 months)
Amount Deposited x .0075 x 180 days divided by 365 days
1,000,000.00 x .0075 x 180 / 365 = 3,698.63

If full term (12 months)
1,000,000.00 x .0075 = 7,500.00

Rural Bank of Sta. Rosa (Laguna), Inc. is regulated by the Bangko Sentral ng Pilipinas (https://www.bsp.gov.ph/

 

For assistance or inquiries, visit any of our offices or contact us: 

 

For Head Office: 0955-271-1615 / (049) 534-1126 / [email protected]

F Gomez Street, Poblacion Malusak, City of Sta Rosa, Laguna 

 

For Bacoor Branch: 0955-861-7848 / (046) 434 - 61971 [email protected]

Evangelista St., Poblacion, Daang Bukid, Bacoor City, Cavite