-          Savings term: at least 15 days

-          Currency: VND, USD, EUR

-          Minimum depositing balance: VND 500,000, USD 50, EUR 50

-          Making deposit: one-off deposit into savings account at counter

-          Withdrawal: one-off withdrawal from account at counter

o        Withdrawal at maturity: customers enjoy all the interest that banks have committed.

o        Early withdrawal: interest is paid as per prevailing demand interest rate applicable at the time of withdrawal for the actual amount balance and real savings time.

o        Late withdrawal: if customers do not withdraw at maturity, Agribank shall automatically transfer all the balances (principle amount plus interest) to a new corresponding term with new applicable interest rates. Where there is no new corresponding term then the interest rates shall be rates of the next best lower term.

-          Fees: penalty for early withdrawal applies (customers make withdrawal within 07 working days from the deposit date or close savings book within 07 working days from the date of opening), service charges are according to the current Schedule of fees and charges of Agribank.

-          Interest: fixed interest rates. Rates available on selected terms published at transaction offices of Agribank.
Interest calculation: Interest = Principal amount x interest rate x term

-          Interest payment: One-off interest payment on maturity date. If customers do not withdraw at maturity, auto-renewal applied.

Benefit:

-          Customers can make early withdrawal

-          Customers can transfer ownership of the savings book when it is not due to preserve interest payment.

-          Savings books can be used as borrowing security or loan guarantee for the 3rd person at any Agribank branches or financial institutions.

-          Savings books can be used by customers as financial certificates or used as security for loans for relatives’ study/work abroad.

Conditions of use:

-          VND savings: applicable to Vietnamese individual customers and foreign individual customers living and working legally in Vietnam.

-          Foreign currency savings:  applicable to individual residents.

How to apply

Customers to sign up directly at Agribank branches in written deposit form as stipulated by Agribank and produce the following documents:

-          Valid ID or passport

-          For individuals from 15 years of age to less than 18 years of age: produce more documents to prove that bank deposits are the property of their own, including papers on inheritance, donation, or other documents to prove the money deposited in banks as their assets.

-          A/C holders to sign Specimen Signature cards for bank record. Where A/C holders can not write in any way, Agribank shall guide to A/C holders to fingerprint or register special code or symbols instead of specimen signatures.

-          In cases where A/C holders wish to deposit and withdraw at different places, the bank shall provide A/C holders with special deposit ID numbers and cards for this purpose.

-          Other procedures to receive savings deposits, open savings accounts and issue savings books to A/C holders after all of the above procedure.