From September 5, 2024, Sacombank will issue VND 5,000 billion worth of registered long-term deposit certificates with attractive interest rates for individual and institutional customers, providing customers with an additional safe long-term investment channel, helping to optimize idle cash flow with a higher rate of return than traditional savings deposits.

Accordingly, the first year interest rate of Sacombank deposit certificates is 7.1%/year, and the following years are flexibly adjusted according to market interest rates. Sacombank deposit certificates have a face value of only 1 million VND, a term of 7 years (ie 84 months) and are not automatically renewed. The principal is paid once at maturity and the interest is paid periodically every year.

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In addition to the attractive interest rate, the highlight of Sacombank's deposit certificate is that customers can pay part or all of the balance before maturity, transfer it, and can also mortgage it to borrow capital when needed with preferential interest rates.

In addition, Sacombank also has a preferential policy for savings deposits on the Sacombank Pay app, with an additional interest rate of up to 0.7%/year. Accordingly, individual customers who deposit savings with a term of 1 - 36 months on the Sacombank Pay app will enjoy a higher interest rate than at the counter from 0.4 - 0.7%/year.

Not only can customers proactively open a savings account as desired, they can also easily manage (look up history, applicable interest rates, due date for settlement and receive interest...) their savings anytime, anywhere, or mortgage them for quick consumer loans on Sacombank Pay without having to go directly to the bank.

The Dinh