Salmon Bank has launched the 'Bank On Eight' promo, offering an 8% per annum interest rate on time deposits of at least P1 million for a minimum of one year. The promotion runs from December 1, 2025, to June 1, 2026. It provides a secure way to grow savings with PDIC insurance.
Salmon Bank (Rural Bank) has introduced the 'Bank On Eight' promo to help customers grow their wealth. For a P1 million time deposit over one year, gross earnings reach P82,388 in compound interest. Over five years, this grows to P469,945.
A time deposit locks funds for a fixed period in exchange for a higher interest rate than regular savings accounts. This not only boosts earnings but also discourages impulse purchases and supports long-term financial discipline. Flexible terms range from one to five years, with longer periods yielding more returns.
Formerly known as the Rural Bank of Sta. Rosa Laguna, Salmon Bank has served Filipino communities since 1963. It is regulated by the Bangko Sentral ng Pilipinas (BSP) and insured by the PDIC up to P1 million per depositor. Accounts can be opened online at https://salmon.ph/salmonbank-deposits#depositForm or at branches in Sta. Rosa, Laguna, and Bacoor, Cavite. For more details, visit https://salmon.ph/salmonbank. Terms and conditions apply. – Rappler.com
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