Salmon Bank (Rural Bank) Inc.Invest in a brighter future with Salmon Time Deposit
Apply now
Up to 6.5% interest p.a.
One of the best rates in the market
Flexible terms
Choose from 6 months to 3 years
PDIC-insured deposits
Up to ₱1 Million per depositor
The longer you keep your money with Salmon, the more you earn
Gross earnings shown above are estimates. The final amount will be calculated based on the Terms & Conditions applied to your account.
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
Reward
Each successful referral earns you a 0.5% bonus based on their time deposit amount
Salmon Bank (formerly known as Rural Bank of Sta. Rosa (Laguna), Inc.) is licensed by BSP and currently operated by Salmon Group
Our official representatives are here to assist with your deposits
Head Office: Sta. Rosa, Laguna
F. Gomez St., Poblacion, Barangay Malusak, City of Sta. Rosa, Laguna 4026
Branch: Bacoor Cavite
141 General Evangelista Street Barangay Poblacion, Bacoor City, 4102 Cavite
We are rapidly expanding!
Stay tuned as we open more branches across the country.
You can easily deposit funds to your account via Salmon's official bank partners. Once received, the funds will be credited to your Salmon account.
Maybank
Account Name: RURAL BANK OF STA ROSA LAGUNA INC Account Number: 000610001991
Unionbank
Account Name: RURAL BANK OF SANTA ROSA (LAGUNA), INC. Account Number: 10260025186
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:
PRC and Voter’s IDs are not accepted. Also, we only accept the plastic card PhilSys ID, not the digital or printed version.
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:
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.
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:
