Salmon Bank (Rural Bank) is offering time deposits starting at ₱5,000, giving households a way to protect their savings against rising prices. With the Bangko Sentral ng Pilipinas (BSP) projecting average inflation at 5.1% in 2026, the bank’s deposit rates aim to keep pace with the cost of living.
Depositors can earn 6% per annum with a minimum of ₱5,000, while larger deposits of ₱1 million and above can reach up to 8% per annum.
All interest earnings are subject to a 20% withholding tax, but net returns remain higher than traditional savings accounts and can still outpace inflation.
Deposits are insured by the Philippine Deposit Insurance Corporation (PDIC) up to ₱1 million per depositor, and the bank operates under BSP regulation. Formerly the Rural Bank of Sta. Rosa Laguna, Salmon Bank has been serving communities since 1963.
Accounts can be opened online through Salmon’s website or at branches in Sta. Rosa, Laguna, and Bacoor, Cavite.
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The bank is majority-owned by Salmon Group Ltd., backed by investors including the International Finance Corporation (IFC) of the World Bank Group, Abu Dhabi sovereign wealth funds, and U.S. venture capital firms.
