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Grow your savings 8.88% 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 8.88% p.a.

Let your money grow every year

Flexible terms

Choose from 6 to 12 months or longer

Insured by PDIC

₱500,000 per depositor*

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

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

Save longer, earn bigger

Choose the best option for you

₱300,000

 

6 months

Earn ₱7,500 (5%)

 

12 months

Earn ₱18,000 (6%)

₱600,000

 

6 months

Earn ₱18,000 (6%)

 

12 months

Earn ₱53,280 (8.88%)

₱1,000,000

 

6 months

Earn ₱30,000 (6%)

 

12 months

Earn ₱88,800 (8.88%)

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 - Free
  • Overdraft Charges - ₱2,200
  • Stop Payment Order Charge - ₱2,200
  • Checkbook - Balance below ₱500K - ₱500, balance ₱500K and higher - free
  • Dormancy Fee - ₱30 after five (5) years after the last activity
  • Issuance of Bank Statements - Free
  • Certification of Deposit - Free
  • Tax - 20% withholding tax for matured time deposit accounts
  • Documentary Stamp Tax – For termination of accounts

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.

Terms and Conditions apply. Salmon Time Deposit is a product of the Rural Bank of Sta. Rosa (Laguna), Inc., a bank regulated by the Bangko Sentral ng Pilipinas (www.bsp.gov.ph). Deposits are insured by PDIC up to ₱1 Million per depositor.

 

For concerns, please visit any of our offices or contact us via

 

For Head Office: +63 49 534 1126 / email: [email protected]

 

For Bacoor Branch: +63 46 434 6197 / email: [email protected]