Savings term: maximum term: 36 months
Currency: VND, USD, EUR
Minimum depositing balance: VND 1,000,000, USD 100,
Making deposit: one-off deposit into savings account
Withdrawal: multiple withdrawals from account at
counter of the account-opening-branch or other Agribank branches (multiple
deposits and withdrawals).
Fees: penalty for early withdrawal applies (customers 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 corresponding to the
steps. Rates are published at transaction offices of Agribank and recorded in
savings books when customers open the book.
Tiered interest rates:
applicable to steps of ladder term savings:
t < 3 months
Demand interest rate
3 months ≤ t < 6 months
6 months ≤ t < 9 months
9 months ≤ t < 12months
12 months ≤ t < 24 months
t > 24 months
Calculation: Interest = principal amount withdrawn x Grade x actual savings
is paid on the part withdrawn from the principal amount. Over 36 months if customer
do not close account, the bank shall automatically roll-over the savings with
new tiered interest rates applicable at the time of roll-over.
longer the time over the term, the higher interest rates, up to 36 months
can make multiple withdrawals of principal and enjoy interest in corresponding
can transfer ownership of savings books
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.
savings: applicable to Vietnamese individual customers and foreign individual
customers living and working legally in Vietnam.
currency savings: applicable to
Customers to sign up directly at Agribank branches in written deposit
form as stipulated by Agribank and produce the following documents:
ID or passport
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.
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.
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
procedures to receive savings deposits, open savings accounts and issue savings
books to A/C holders after all of the above procedure.