Salmon Logo

Grow your savings 8.88% every year

Build your savings and be ready for the future with Salmon Time Deposit.

banner
banner
banner

Enjoy up to 8.88% p.a.

Let your money grow every year

Flexible terms

Choose from 6 to 12 months or longer

Insured by PDIC

₱1,000,000 per depositor*

Find the perfect savings plan

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

6 months

 

300,000

6% (earn ₱9,000)

 

₱600,000

6% (earn ₱18,000)

 

₱1,000,000

6% (earn ₱30,000)

Insured by PDIC

up to ₱1,000,000 per depositor

9 months

 

300,000

6% (earn ₱13,500)

 

₱600,000

6% (earn ₱27,000)

 

₱1,000,000

6% (earn ₱45,000)

Insured by PDIC

up to ₱1,000,000 per depositor

12 months

 

₱300,000

6% (earn ₱15,500)

 

₱600,000

8.88% (earn ₱53,280)

 

₱1,000,000

8.88% (earn ₱88,000)

 

Insured by PDIC

up to ₱1,000,000 per depositor

Open an account

Reach your goals faster

Enjoy one of the best interest rates available in the Philippines.

Comparison of bank deposit interest ratesComparison of bank deposit interest ratesOpen an account

Complete the form

Fill in the form below and a bank officer will contact you

Open your account in 3 easy steps

1
Introduce yourselfComplete the form with basic information to get started
2
Answer our phone callA bank manager will help open your time deposit account
3
Deposit your moneyAdd funds to your account and watch your money grow over time
Open an account

FAQs

Here are the IDs you can submit for your loan application:
  • Unified Multi-Purpose Identification (UMID) Card
  • Driver’s License
  • Voter’s ID
  • PhilSys ID (Philippine Identification System ID)
  • Social Security System (SSS) Card
  • Philippine passport
  • PRC ID (Professional Regulation Commission ID)
  • Postal ID

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

Yes, deposits are insured by the Philippine Deposit Insurance Corporation (PDIC) for up to Php 1,000,000.00 per depositor.

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.

  • 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