fixed term, in month, minimum 1 month, maximum 6 months;
savings amount: VND 5,000,000;
one-off deposit at counter.
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.
Withdrawal at maturity: customers enjoy all the
interest that the bank has 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.
service charge and early withdrawal fees.
rates are adjusted by base rate of the State Bank of Vietnam.
interest rate corresponds to the savings term, published at transaction offices
of Agribank (Interest = Base rate + percentage %).
the State Bank of Vietnam
announced to increase the base rate, interest rates on savings will be adjusted
to be increased accordingly and new rates shall be published at transaction
offices of Agribank.
rate increases → interest rates on savings increases accordingly
rate decreases → customer is entitled to former interest rate and the next best
Interest = Principle x Interest rate x Term
can transfer ownership of the savings book when it is not due to preserve interest
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 and How to apply: the same asFixed term deposit with
full interest paid at maturity