Salmon Bank announces ‘Bank on Eight’ promo

Bigger and more established banks cannot do this: offer eight percent interest on time deposit.

But Salmon Bank (Rural Bank) Inc. is offering this product under its “Bank on Eight” promo.

Salmon’s “Bank on Eight” promo promises a promotional interest rate of 8 percent per annum available to clients with Time Deposit placements of at least P1 million for a minimum of 1 year, starting from December 1, 2025 to June 1, 2026.

The promotional rate follows strong performance across Salmon Bank (Rural Bank)’s lending and deposit businesses. Sustained customer inflows and improvements in operational efficiency, driven by the bank’s technology-led model, have positioned Salmon Bank to offer one of the more competitive promotional deposit rates in the Philippine market.

Through the “Bank on Eight” promo, the bank underscores its commitment to providing Filipinos with secure, high-value savings options supported by a modern and reliable banking experience.

“Bank on Eight gives every Filipino saver access to one of the highest interest rates in the market, allowing them to grow their money in a secure way. We’ve experienced rapid growth this year with the support of our customers. Now as our business scales, we are committed to passing on the benefits of our efficiency back to Filipinos,” said Raffy Montemayor, Co-Founder of Salmon and Chairman of Salmon Bank (Rural Bank).

“This promo is a clear example of how technology and responsible growth allow us to provide comparatively high returns to our customers while maintaining strong liquidity, capital, and risk standards,” he added.