Automatic deposit product satisfies Corporate customer’s demand to open time deposit frequently, in which IVB will deduct automatically the current account of Customer to open time deposit account basing on deposit frequency and conditions which have been registered with IVB.

Applicable customer:

Resident corporate customers eligible to open Time deposit in accordance with laws and IVB’s regulation.

Utilities:

• Minimize procedures for Customer
• Competitive interest rate, simple procedure, fast processing
• Withdrawal of principal before maturity if needed
• Used as loan collateral at IVB

Features:

• Currency: VND / USD
• Minimum amount: VND 100,000,000 / USD 5,000
• Frequency: daily / weekly / monthly
• Term: according to term mobilized by IVB
• Interest payment: at maturity / monthly
• Withdrawal of principal before maturity if needed

Conditions:

• Having current account at IVB which is not temporary locked or blocked or closed when IVB deducts for opening time deposit.
• Signing Agreement on automatic time deposit with IVB.