Salmon Bank offers 8% p.a. interest rate on time deposits

Editor’s note: This press release is sponsored by Salmon Bank and was handled by BrandRap, the sales and marketing arm of Rappler. No member of the news and editorial team participated in the publishing of this piece.

Salmon Bank (Rural Bank) just launched its “Bank On Eight” promo, offering an 8% p.a. interest rate on time deposit placements of at least P1 million. This promo is available to time deposit customers saving for a minimum of 1 year, starting from December 1, 2025, to June 1, 2026.

But what exactly does this mean for you and your savings? Here’s everything you need to know about Salmon Bank (Rural Bank)’s new offer – and how you can make the most out of it.

It makes your money work harder for you

The difference between the interest you can earn from your go-to bank and Salmon could be huge.

Let’s run the real numbers. When you make a placement of P1 million on a Salmon time deposit for one year, you can get gross earnings of P82,388 in compound interest. And when you save it for five years, your compound interest gross earnings can grow to P469,945*. Now that’s a massive help to your budget and a fixed return on your savings that you earn passively – with lower risk than most market-linked investment products.

It helps you lock in your savings – so you avoid unnecessary spending

A Salmon time deposit keeps your money locked for a fixed period in exchange for a higher interest rate than regular savings accounts.

This doesn’t just help you earn more – it also keeps your money out of reach from impulse purchases, and in the long run, helps you maintain better long-term financial habits.

But don’t worry – you still have full control over your money. Salmon Bank (Rural Bank) offers flexible time deposit terms for this promo, from as short as one year to as long as five years. Just keep in mind, the longer you keep your money in Salmon Bank (Rural Bank), the more you earn.

It’s secure

When you save with Salmon Bank (Rural Bank), your money doesn’t just grow faster — it’s also protected. Your funds are PDIC-insured and kept safe with a bank that has served Filipino communities for decades.

Salmon Bank (Rural Bank) Inc. is formerly the Rural Bank of Sta. Rosa Laguna, and has been a trusted financial institution for many Filipinos since 1963. It is fully regulated by the Bangko Sentral ng Pilipinas (BSP), and backed by PDIC insurance of up to P1 million per depositor.

So you can save with confidence, knowing your money is protected.

Ready to take the next step?

Starting your savings journey with Salmon Bank (Rural Bank) is easy. You can open an account online by filling out this form: https://salmon.ph/salmonbank-deposits#depositForm. You can also choose to visit Salmon Bank (Rural Bank)’s branches in Sta. Rosa Laguna, and Bacoor, Cavite.

To learn more about this offer, visit https://salmon.ph/salmonbank. Terms and Conditions apply. – Rappler.com

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