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iconSalmon Bank (Rural Bank) Inc.

Grow your savings 6.5% every year

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

Open an account
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Enjoy up to 6.5% p.a.

Let your money grow every year

Flexible terms

Choose from 6 to 12 months or longer

Insured by PDIC

₱1 Million per depositor*

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

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

By submitting this form, I authorize the Bank to collect and process my personal information for purposes related to my inquiry, application, or account and confirm that I have read and agree to the Privacy Notice

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 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 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/ 

  • 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, but the account that will be opened on behalf of a ward or a minor should be maintained by a legal parent or guardian.