In a financial climate where every peso counts, finding a secure, high-yield savings product that offers both safety and real returns can feel like striking gold. Enter the Salmon Time Deposit—a fixed-term deposit account offered by Rural Bank of Sta. Rosa (Laguna), Inc., now catching attention for its market-leading interest rates, guaranteed returns, and modern digital banking approach.
Whether you're a seasoned saver or exploring time deposit accounts for the first time, here’s what you need to know about this high interest time deposit in the Philippines.
What Is the Salmon Time Deposit?
At its core, the Salmon Time Deposit allows you to lock in your funds for a fixed term and earn interest—offering some of the highest deposit rates in the country today. Unlike a traditional savings account, this type of account gives you predictable growth. Salmon’s offer is particularly aggressive for larger placements.
Interest Rates Breakdown
Depending on how much you deposit and for how long, here’s the breakdown:
For ₱50,000 to ₱500,000:
- 6 months – 5% p.a.
- 9 months – 5% p.a.
- 12 months – 6% p.a.
For ₱500,000.01 to ₱50,000,000:
- 6 months – 6% p.a.
- 9 months – 6% p.a.
- 12 months – 8.88% interest rate (one of the best time deposit rates in the country)
That 8.88% per annum rate is among the best time deposit rates in the Philippines today—especially compelling for those with idle funds or looking to build a financial safety net.
Safety Meets Flexibility
PDIC-Insured Up to ₱1 Million
Deposits are insured by the Philippine Deposit Insurance Corporation (PDIC), providing a layer of safety in case of bank insolvency. You’re covered up to ₱1 million per depositor.
Tax-Free Earnings (After 5 Years)
Hold your time deposit account for five years or more, and your interest income becomes exempt from the 20% withholding tax—helping you maximize your earnings.
Flexible Payout Options
Choose what works best for your cash flow:
- Receive monthly interest payouts into your Salmon checking account.
- Or reinvest to let your interest compound monthly for faster growth.
These flexible terms make Salmon a fit for both short-term savers and long-term planners.
Who’s Behind Salmon?
Salmon isn’t just another bank offer—it’s part of a digitally-forward financial institution backed by:
- International Finance Corporation (IFC), a member of the World Bank Group
- Bangko Sentral ng Pilipinas (BSP) regulation
- Rural Bank of Sta. Rosa (Laguna), Inc., which Salmon owns
With this robust backing, Salmon offers not only high-yield savings but also the peace of mind that comes from working with a legitimate financial institution.
How to Open a Salmon Time Deposit
Requirements:
- Two valid government-issued IDs (e.g., Passport, Driver’s License, UMID)
- Two 1x1 ID photos
Process:
- Visit any Rural Bank of Sta. Rosa (Laguna), Inc. branch.
- Bring at least ₱50,000 minimum balance to open a time deposit.
- Choose your preferred term and interest payout method.
Currently, you must open the account in person, but with Salmon’s digital banking push, online time deposit options may become available soon.
Is the Salmon Time Deposit Right for You?
Ask yourself:
- Do you have idle funds you won’t need for 6–12 months?
- Are you looking for higher interest rates than what typical savings accounts offer?
- Do you want a secure investment option regulated by the BSP?
If yes, the Salmon Time Deposit could be a valuable part of your 2025 financial portfolio.
TL;DR: Why Consider the Salmon Time Deposit?
Conclusion
The Salmon Time Deposit isn’t just another bank product—it’s a secure, tax-efficient, and high-yield savings opportunity. With PDIC insurance, flexible options, and reputable backers like the IFC and BSP, it offers one of the most attractive investment options in the Philippines for 2025.
To learn more or to open an account, click here.
Disclaimer: 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.
Frequently Asked Questions
To open a Salmon Time Deposit account, you need a minimum initial deposit of ₱50,000. This amount applies to all available term options.
The interest rates vary based on the deposit amount and chosen term:
- For deposits between ₱50,000 and ₱500,000:
- 6 months – 5% p.a.
- 9 months – 5% p.a.
- 12 months – 6% p.a.
- For deposits above ₱500,000 up to ₱50 million:
- 6 months – 6% p.a.
- 9 months – 6% p.a.
- 12 months – 8.88% p.a.
These rates are among the highest in the Philippine banking sector.
Yes, deposits are insured by the Philippine Deposit Insurance Corporation (PDIC) up to ₱1 million per depositor. This insurance provides a safety net in case of bank insolvency.
Interest income from time deposits is subject to a 20% withholding tax. However, if you hold your time deposit for five years or more, the interest income becomes exempt from this tax, allowing you to maximize your earnings.
Currently, to open a Salmon Time Deposit account, you need to:
- Prepare two valid government-issued IDs (e.g., Passport, Driver’s License, UMID).
- Provide two 1x1 ID photos.
- Visit any Rural Bank of Sta. Rosa (Laguna), Inc. branch in person.
- Bring at least ₱50,000 for the initial deposit.
- Choose your preferred term and interest payout method.
While the account opening process is currently in-person, Salmon is exploring digital banking solutions, and online account opening options may become available in the future.
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