Salmon Bank (Rural Bank) Inc. said its client base doubled in 2025 as more affluent Filipinos placed funds in time deposits, drawn by higher interest rates and capital stability.
By year-end, about 85% of the bank’s depositors were affluent clients who chose time deposit products. The bank said this reflects a growing preference among wealthier savers for structured deposits that offer fixed returns and a secure place to park funds.
“The recent growth in our deposit client base highlights the rising interest among affluent Filipinos toward time deposits. With competitive rates like ours, they now serve as an attractive way to grow one’s wealth,” said Raffy Montemayor, co-founder of Salmon and chair of Salmon Bank (Rural Bank). “The response to our ‘Bank on Eight’ offer, in particular, shows that clients now highly value products that combine strong returns with predictability and security.”
Supporting the year-on-year growth was the launch of “Bank on Eight,” a promotional time deposit that offers 8% interest per annum for placements of at least ₱1 million for terms ranging from one to five years.
The promo runs from Dec. 1, 2025, until June 1, 2026.
Salmon Bank (Rural Bank) also offers interest rates of up to 6% per annum for customers who place less than ₱1 million in time deposits.
Time deposits allow clients to earn a fixed interest rate over a set period. In exchange, funds are locked in for the agreed term, giving depositors predictable returns while helping banks manage liquidity.