Salmon Bank Clients Double in 2025 as Affluent Filipinos Flock to Time Deposits

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Salmon Bank (Rural Bank) Inc. said its client base doubled in 2025 driven by the rising interest among affluent Filipinos in time deposit products, offering competitive yields and capital stability.


The bank closed the year with around 85% of its depositors being affluent clients availing of time deposit, underscoring a growing preference among wealthier savers for structured deposit products that provide predictable returns and a secure place to park funds.


The strong year-on-year growth was supported by the launch of “Bank on Eight,” Salmon Bank (Rural Bank)’s promotional time deposit offering that provides an 8% interest rate per annum for placements of at least PHP 1 million, for a period of 1 to 5 years. This promo, which offers one of the most attractive interest rates in the country, runs from December 1, 2025, until June 1, 2026.


“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 Chairman 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.”


Salmon Bank (Rural Bank) also offers competitive interest rates of up to 6% per annum for customers placing deposits below PHP 1 million.


Customers may open a Salmon Bank (Rural Bank) account via the Salmon App – available on the Google Play Store and Apple App Store – or by visiting the bank’s Sta. Rosa, Laguna or Bacoor, Cavite branches. For more information about this offer, visit salmon.ph/salmonbank.


Terms and Conditions apply. Per DTI Fair Trade Permit No. FTEB-242399, Series of 2025. Salmon Bank (Rural Bank) Inc. is regulated by the Bangko Sentral ng Pilipinas (http://www.bsp.gov.ph). Deposits are accepted only within bank premises or through authorized bank channels. Deposits are insured by PDIC up to PHP 1 million per depositor.


Salmon Group Ltd is the parent company of Salmon Bank. Salmon Group itself is backed by world-class investors, including the International Finance Corporation (member of the World Bank Group); ADQ/Lunate, Abu Dhabi’s sovereign wealth fund; and leading U.S. venture capital firms.





About Salmon Bank

Salmon Bank (Rural Bank) Inc. – formerly known as Rural Bank of Sta. Rosa (Laguna), Inc. – is one of the fastest-growing technology-driven banks in the Philippines, offering accessible, intuitive, and secure financial services to individuals and businesses.

Salmon Bank (Rural Bank) provides savings products, deposits, payments, and consumer lending portfolios through modern digital channels and the Salmon app, one of the highest-rated finance apps in the Philippines.

The Bank is regulated by the Bangko Sentral ng Pilipinas (http://www.bsp.gov.ph). Deposits are accepted only within bank premises or through authorized bank channels and are insured by PDIC up to ₱1 million per depositor. Terms and Conditions apply.

The Bank is majority-owned by Salmon Group Ltd, a global financial technology company building a leading credit-led financial superapp in Southeast Asia.


About Salmon (https://salmon.ph)

Salmon Group Ltd owns a controlling stake in a BSP-regulated bank, Salmon Bank (Rural Bank) Inc., and an SEC-licensed financing company, Sunprime Finance Inc., in the Philippines. Salmon is on a mission to build the best credit-led, technology-centric financial superapp in Southeast Asia, with the Philippines as its first market.  Today, the Salmon App is rated 4.8 in App Store and Google Play, making it one of the highest rated finance apps in the Philippines.

Founded in 2022 by banking and technology veterans Pavel Fedorov, George Chesakov, and Raffy Montemayor, Salmon uses AI-enabled technology and a proprietary credit engine to offer consumer credit - providing differentiated simplicity, quality of service, and convenience to its customers.  Ninety-two percent of Salmon customers recommend its services to their friends and family.

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