Salmon Bank (Rural Bank) has launched its “Bank On Eight” promo, offering an 8% per year interest rate on Time Deposit placements of at least ₱1 million. The promotion is open to customers saving for a minimum of one year and will run from Dec. 1, 2025, to June 1, 2026.
The offer provides a way for depositors to earn higher returns compared with regular savings accounts. For example, placing ₱1 million in a Salmon Time Deposit for one year would earn ₱82,388 in compound interest. Over five years, the same placement could generate ₱469,945 in interest. This allows customers to grow their savings steadily while keeping their funds in a secure account.
Salmon Time Deposits help customers avoid impulse spending by keeping money locked for a fixed period while offering higher interest rates than regular savings accounts. The bank provides flexible time deposit terms for the promo, ranging from one year to five years, so customers can choose the length of their deposit based on their financial goals, with longer terms resulting in higher interest earnings.
Aside from higher interest rates, the bank highlights the safety of deposited funds. Salmon Bank is fully regulated by the Bangko Sentral ng Pilipinas (BSP), and deposits are insured by the Philippine Deposit Insurance Corp. (PDIC) up to ₱1 million per depositor. Formerly known as the Rural Bank of Sta. Rosa Laguna, Salmon Bank has served Filipino communities since 1963, providing a stable and trusted banking option.
Customers can open an account online through the bank’s website or visit Salmon Bank branches in Sta. Rosa Laguna and Bacoor, Cavite. The bank encourages interested individuals to review the terms and conditions before applying.
This approach gives savers a simple, low-risk way to grow their funds while keeping money secure and promoting disciplined saving habits.