Deposit money wisely — earn from 6% per year
Market-leading rates help your money to grow faster than in traditional banks
Starting at 6% p.a.
Earn faster with higher deposit interest rates
Flexible terms
Choose from 6 months up to 5 years
Accessible for everyone
Get started with as little as ₱5,000
Choose the perfect savings plan
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.
Bank with confidence
Deposits are insured by PDIC up to ₱1 Million per depositor
More savings products
Peso savings account
Low-risk account with steady interest earnings of 4% p.a. and no maintaining balance — perfect for day-to-day transactions
Business savings account
Maximize revenue from your small to medium enterprise by keeping your business funds in an account that earns 4% interest p.a.
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 ₱5,000
Reward
Each successful referral earns you a 0.5% bonus based on their Time Deposit amount
Visit us in person
Branch: Bacoor, Cavite
141 General Evangelista Street Barangay Poblacion, Bacoor City, 4102 Cavite
Branch: Sta. Rosa, Laguna
Garden Plaza Mall, Garden Villas III, Sta. Rosa City, 4026 Laguna
Top-up methods
Easily deposit funds to your Time Deposit account via Salmon app
Via QR Ph
In the Checking account section, you can generate a QR Ph code and upload it to the e-wallet or bank app you prefer.
Via PESONet:
1. Go to your Checking account in the Salmon app 2. Tap “Cash in”, and choose PESONet 3. Copy your Checking account details from the app and paste them into the e-wallet or bank app you’re using to transfer funds
Via QR Ph
In the Checking account section, you can generate a QR Ph code and upload it to the e-wallet or bank app you prefer.
Via PESONet:
1. Go to your Checking account in the Salmon app 2. Tap “Cash in”, and choose PESONet 3. Copy your Checking account details from the app and paste them into the e-wallet or bank app you’re using to transfer funds
FAQ
Salmon Time Deposit is a savings product that allows you to place funds for a fixed period while earning interest. The minimum deposit amount is ₱5,000, and you will receive a Time Deposit Certificate as proof of your deposit.
A documentary stamp tax applies, and interest earned is subject to a 20% withholding tax.
Salmon Time Deposit offers competitive interest rates depending on your deposit amount and preferred term. The minimum deposit is ₱5,000.
Below are the current deposit offers:
| Minimum deposit amount | 6 months | 9 months | 1 year | 2 years | 3 years | 4 years | 5 years |
|---|---|---|---|---|---|---|---|
| ₱5,000 - ₱499,999.99 | 6% | 6% | 6% | 6% | 6% | 6% | 6% |
| ₱500,000 - ₱999,999.99 | 6% | 6% | 6.5% | 6.5% | 6.5% | 6.5% | 6.5% |
| ₱1,000,000 - ₱50,000,000 | 6% | 6% | 8% | 8% | 8% | 8% | 8% |
You can open a Time Deposit by visiting this page: Deposit Account with Competitive Interest Rates
- Click Open an account.
- Select Choose the perfect savings plan.
- Fill out the form with your details, and click Submit.
Once you submit your application, you can track its status directly in the Salmon app. You can also open a Time Deposit with help from our Customer Service team — just message us in the Salmon app.
Once your Salmon Daily account is opened, you may fund your Time Deposit through the following methods:
- PESONet cash-in: posted within 1 business day; no weekend or holiday processing
- QRPh cash-in: available 24/7, with a ₱50,000 limit per transaction, posted within minutes
- Branch deposit: visit the Bacoor Branch to top up your account with cash or by check. Check deposits at the branch are accepted only until 11:00 AM
Funds are first credited to your Salmon Daily account and automatically transferred to your Time Deposit once the required amount is reached.
When your Time Deposit reaches its maturity date, it closes automatically. Your full balance, including interest, is transferred to your Salmon Daily.
You can then decide what to do with your funds:
- Renew your Time Deposit for a new term
- Keep your funds in your Salmon Daily (Settlement account)
- Withdraw part or all of your funds in the Salmon app or at branches
You can close it anytime in the Salmon app (select Close Deposit), and the funds go to your Salmon Daily account.
- Within 7 days of funding (cooling-off): full principal back, no fee, no interest
- After 7 days: interest is recalculated at 1% p.a., a 0.75% pre-termination fee is charged, and 20% withholding tax and documentary stamp tax are deducted
The app shows the exact amount you’ll receive before you confirm.