Savings Account
DEMAND DEPOSIT
1. Benefits
No charge for deposits and withdrawals from demand deposit accounts at SAIGONBANK.
Deposits are secured, confidential and covered by deposit insurance paid by SAIGONBANK.
Withdrawals from deposits allowed at any branch of SAIGONBANK no matter where deposits have been made.
Internet Banking platform available for account inquiry.
2. Interest rates
Interest rates per published by SAIGONBANK in certain period.
3. Currencies
In VND
In USD
4. Procedure and documents required
For deposits: Amount of deposit and ID to be submitted.
Upon clients’ option, Demand Deposit Certificate of opted currency will be issued.
For withdrawals: ID, Demand Deposit Certificate and signature as the specimen registered upon account opening to be presented.
TIME DEPOSIT
SAIGONBANK absorbs time deposits of individuals who are Vietnamese and/or foreigners eligibly living and working in Vietnam. There is no minimum amount threshold prescribed for opening time deposit accounts.
1. Benefits
Various deposit tenors available for clients’ choice, given competitive interests and simple procedure.
Withdrawals from deposits allowed at any branch of SAIGONBANK no matter where deposits have been made.
Time deposits enabling the service of financial capability certification for the purposes of traveling, studying or working abroad upon request.
Time deposits owners entitled to loans in need secured by their time deposits easily and timely.
Internet Banking platform available for account inquiry.
Auto rolling into new similar tenor available for principal and accrual interest if no withdrawal made at maturity, prevailing interest rate as at maturity date applied to the new tenor.
In case of pre-mature withdrawal, demand deposit interest rate applied.
In case of premature withdrawal made for part of the principal to feed client’s capital need, time deposit interest rate applied to the remaining amount of the principal.
2. Interest rates
Interest rates per published by SAIGONBANK in certain period.
3. Tenors
For deposits in VND:
Short-term: 01 month, 02 months, 03 months, 05 months, 06 months, 09 months, 12 months.
Middle-term: 13 months, 18 months, and 24 months.
For deposits in USD:
Short-term: 01 month, 02 months, 03 months, 06 months, 08 months, 09 months, 11 months, 12 months (interest paid at maturity).
Middle-term: 13 months, 18 months, and 24 months (interest paid at maturity).
4. Interest payment schedule
Various options available as below:
Interest prepaid one-off.
Interest paid at maturity.
Interest paid monthly, quarterly, and semiannually.
5. Currencies
In VND.
In USD.
6. Procedure and documents required
For deposits: Amount of deposit and ID to be submitted.
Upon clients’ option, Time Deposit Certificate of opted currency, tenor, interest payment schedule will be issued.
For withdrawals: ID, Time Deposit Certificate and signature as the specimen registered upon account opening to be presented.
AUTO TIME DEPOSIT
Auto time deposit is a savings product applicable to customers who are SAIGONBANK current account holders. Given an even idle sum from their current accounts on a monthly basis, customers may wish to convert this idle sum of money into time savings to earn interest and gain an accumulated lump sum in the future.
1. Benefits
Auto time deposits allow automatic conversion of a designated fund idle from demand deposits/ current accounts to auto time deposit accounts, customers not required to drop over any bank counter for conversion instruction.
Upon clients’ demand, premature withdrawal acceptable and demand deposit interest rate accordingly applicable; premature withdrawal of partial principal acceptable.
Auto time deposits owners entitled to loans in need secured by their auto time deposits easily and timely.
Auto time deposits enabling the service of financial capability certification for the purposes of traveling, studying or working abroad upon request.
Internet Banking platform available for account inquiry.
2. Interest rates
Interest rates per published by SAIGONBANK in certain period.
3. Tenors
Short-term: 01 month, 02 months, 03 months, 05 months, 06 months, 08 months, 09 months, 11 months, 12 months.
Middle-term: 13 months, 18 months, and 24 months.
4. Currencies
In VND.
5. Procedure and documents required
For deposits: Amount of deposit and ID to be submitted, product registration form to be filled.
Upon clients’ option, Auto Time Deposit Certificate of opted currency, tenor will be issued.
For withdrawals: ID, Auto Time Deposit Certificate and signature as the specimen registered upon account opening to be presented.
