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 gold bar of 99.99% AAA standard produced by Agribank at Agribank bid rate at the time of deposit.

-          Withdrawal: one-off withdrawal at counter.

Principle amount at maturity = principal amount converted into AAA gold bar at deposit x Agribank gold bid rate at the date of maturity.

o        Withdrawal at maturity: customer shall enjoy all principle amount guaranteed by AAA gold value at the bid rate on maturity date and all interest that Agribank committed.

o        Early withdrawal: the principle amount shall not be guaranteed by AAA gold value. Customer shall be paid demand savings rate applicable to Savings in VND guaranteed by gold value 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 AAA gold value remains unchanged.

Where at the due date Agribank no longer maintains "savings in VND guaranteed by gold value" account type, the principal amount converted into VND at AAA gold bid 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 AAA gold value 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 gold value", Agribank mobilizes in each period. Please contact the nearest Agribank branch/transaction office for more details.