Savings term: at least 15 days
Currency: VND, USD, EUR
Minimum depositing balance: VND 500,000, USD 50, EUR
Making deposit: one-off deposit into savings account
Withdrawal: one-off withdrawal from account at
Withdrawal at maturity: customers enjoy all the
interest that banks have committed.
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.
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,
can make early withdrawal
can transfer ownership of the savings book when it is not due to preserve
books can be used as borrowing security or loan guarantee for the 3rd person at
any Agribank branches or financial institutions.
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
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
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