Deposit with Interest Paid Upfront is a type of deposit where businesses agree with VRB to receive interest at the time of deposit and receive the principal on the last day of the deposit term.
Product Benefits
- Attractive interest rates, with the option to withdraw early if needed.
- Customers receive interest immediately upon deposit to use for their own needs.
- Diverse terms to suit the business's capital utilization plan.
Product Feratures
- Currency: VND
- Terms: 1, 2, 3, 6, 9, 12, 13, 15, 18, 24, 36 months.
- Target Customers: Corporate and Institutional Customers.
- Interest Payment Method: Interest paid at the beginning of the term, immediately upon deposit.
- Interest Rate: Fixed interest rate throughout the deposit term.
- Withdrawal: Full early withdrawal is permitted; partial early withdrawals are not allowed. When withdrawing before maturity, customers will receive the non-term interest rate applicable at the time of withdrawal for the entire withdrawn amount, based on the actual deposit period. The bank will deduct the prepaid interest from the principal amount in the customer's deposit passbook.
Please contact any VRB branch/transaction office nationwide or the toll-free hotline 1800 6656 for more details.