The first-year interest rate for the Certificate of Deposit is 7.1%/year, with subsequent years’ rates adjusted flexibly according to market rates. The Certificate of Deposit has a face value of just VND 1 million, a term of 7 years (i.e., 84 months), and does not automatically renew. Principal is paid in a lump sum at maturity, and interest is paid annually.
In addition to the attractive interest rate, a standout feature of the Sacombank Certificate of Deposit is that customers can make partial or full early withdrawals, transfer their deposits, and even use them as collateral for loans at preferential interest rates when needed.
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Get up to 0.7%/year bonus interest rate when you save on Sacombank Pay Individual customers who save with a term of 1 – 36 months on the Sacombank Pay application will enjoy higher interest rates than at the counter, ranging from 0.4% to 0.7%/year. Not only can customers open savings accounts at their convenience, but they can also easily manage (look up history, applicable interest rates, maturity dates for full payment and interest receipt…) their savings accounts anywhere, anytime, or even pledge them for quick consumer loans on Sacombank Pay without having to visit a bank branch. |
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