Main features

-          Term: fixed term, in month, minimum 1 month.

-          Currency: VND; Minimum savings amount: VND 5,000,000

-          Deposit: one-off deposit at counter. The entire principle amount shall be converted into USD at the transfer buying rate announced by Agribank at the time of transaction.

-          Withdrawal: one-off withdrawal at counter.

Principle amount at maturity = principal amount converted into USD at deposit x Agribank transfer rate at the date of maturity.

o        Withdrawal at maturity: customer shall enjoy all principle amount guaranteed by USD at the transfer buying rate on maturity date and all interest that Agribank committed.

o        Early withdrawal: the principle amount shall not be guaranteed by USD. Customer shall be paid demand savings rate applicable to Savings in VND guaranteed by USD for the actual amount and time.

o        Late withdrawal: if customer does 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. The principle amount converted into USD remains unchanged.

Where at the due date Agribank no longer maintains "savings in VND guaranteed by USD" account type, the principal amount converted into VND at transfer buying rate on the date of maturity + due interest awaiting for payment to the customer shall be applied with demand savings rate at the time of withdrawal.

Fees

-          Early withdrawal fees apply (customers make withdrawal within 07 working days from the deposit date or close the 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 rate, being the term savings rate of savings in VND guaranteed by USD equivalent to term of savings published at branches/transaction offices.

-          Interest calculation:

      Interest = Principle amount in VND at deposit x Interest rate x Term

-          Interest payment: one-off at maturity.

Benefit

-          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.

How to apply

     Apply at Agribank branches/transaction offices, documents included:

-    Customer account information form

-    Account opening request
-    Valid ID or passport

* Customers please note: With regards to product "Saving in VND guaranteed by USD", Agribank mobilizes in each period. Please contact the nearest Agribank branch/transaction office for more details.