Households across the country are continuing to feel the pressure of rising prices as inflation drives up everyday expenses. The Bangko Sentral ng Pilipinas (BSP) has increased its 2026 average inflation forecast to 5.1 percent, citing global economic pressures and elevated oil prices. While fuel price rollbacks have provided occasional relief, higher costs for goods and services remain a persistent burden.
Economists note that inflation can reduce the real value of savings when returns fail to keep pace with rising prices. This has led to growing interest in higher-yield savings and time deposit products as a way to help preserve purchasing power.
Among these options are time deposits offered, for instance, by Salmon Bank (Rural Bank), which allow customers to start with as little as ₱5,000 and earn interest rates of around 6 percent to 8 percent per year, depending on deposit size. Even after the 20 percent withholding tax on interest earnings, these returns are positioned to potentially outpace the BSP’s projected inflation rate.
Deposits placed with Salmon Bank (Rural Bank) are insured by the Philippine Deposit Insurance Corporation for up to P1 million per depositor and are regulated by the Bangko Sentral ng Pilipinas. The bank, originally founded in 1963 as the Rural Bank of Sta. Rosa Laguna, is now majority-owned by Salmon Group Ltd., a technology-driven holding company backed by international investors.
As inflation continues to weigh on household budgets, financial experts say that placing savings in higher-yield, regulated instruments may help Filipinos better protect and grow their money over time.
