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)
Salmon Bank (Rural Bank) Inc.Build your savings and be ready for the future with Salmon Time Deposit.
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*
₱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
₱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
₱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
Enjoy one of the best interest rates available in the Philippines.
Open an accountBy 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
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
1
Introduce yourself
Complete the form with basic information to get started
2
Answer our phone call
A bank manager will help open your time deposit account
3
Deposit your money
Add funds to your account and watch your money grow over time
Yes, the Rural Bank of Sta. Rosa (Laguna), Inc. is now Salmon Bank (Rural Bank) Inc. as a reflection of our new mission and direction as part of Salmon Group Ltd. This change is official and approved by the Bangko Sentral ng Pilipinas. You may view our Certificate of Authority here.
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:
Joint account ownership
Joint account is an account held jointly by two or more natural persons, or by two or more juridical persons or entities. Joint accounts shall be insured separately from any single or singly-owned deposit account.
The aggregate of the interests of each co-owner over several joint accounts, whether owned by the same or different combinations of individuals, juridical persons or entities, shall likewise be subject to the Maximum Deposit Insurance Coverage of Php1,000,000.
For more information, you may visit https://www.pdic.gov.ph/di_howtofileclaims_dot.
Corporate Accounts