A flexible term deposit product for institutional customers, allowing flexible selection of tenor, deposit amount, and deposit frequency.
Introduction
Benefits
- Eligible Customers
- Resident corporate customers: organizations established and operating legally in Vietnam.
- Non-resident corporate customers: Including diplomatic missions, representative offices of international organizations in Vietnam, representative offices and project offices of foreign organizations operating in Vietnam.
- Product Features
- Product type: Flexible accumulated term deposit
- Currency: VND, USD.
- Deposit tenor: From 2 to 36 months (monthly basis).
- Deposit method:
- Flexible deposits with no limit on the number of deposit transactions during the permitted period.
- No additional deposits are accepted when the remaining deposit tenor is 30 days or less.
- Minimum deposit per transaction:
- VND 2,000,000; or
- USD 100.
- Deposit limit principles:
- During the first 2/3 of the deposit tenor: no limit on the total deposited amount.
- During the final 1/3 of the deposit tenor: the additional deposit amount must not exceed 50% of the amount previously deposited.
- Transactions:
- Deposits are made only via the customer’s demand deposit account opened at Woori Bank Viet Nam.
- Cash transactions are not applicable.
- Early withdrawal:
- Partial withdrawal is not allowed.
- In case of early termination, the interest rate applied is the lowest demand deposit interest rate effective at the time of termination.
- Interest payment:
- Interest is calculated based on daily end-of-day balances.
- Principal and interest are paid in full upon maturity.
