VIB issues certificates of deposit in Vietnamese đồng

Friday, Dec 22, 2017 15:24

A branch of VIB in Ha Noi. — VNS Photo

The Vietnam International Bank (VIB) has issued certificates of deposit (CD) in Vietnamese dong with attractive interest rates up to 8.7 per cent per year.

These certificates have been issued for personal and corporate customers in a move to meet their investment demand, the bank said in its statement.

According to the bank, when customers apply for a 61-month CD valued at a minimum of VND10 million (US$440), they will enjoy a fixed interest rate of 8.5 per cent, while an 84-month CD will bring them a fixed interest rate of 8.7 per cent.

Customers can also inherit, give and transfer VIB’s CD freely on the secondary market. In urgent cases, customers can use the bank’s CD as collateral for a loan at VIB and enjoy a preferential lending interest rate. Furthermore, it can also be mortgaged for loans at other banks by law.

“Along with the savings account, CD is now one of the investment channels preferred by corporates and personal customers with a large source of finance,” VIB said. — VNS


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