Notice on interest payment regulations for time deposits, Term Savings, and Certificates of Deposit with maturity dates falling on holidays

27/06/2024

From 01/07/2024, Sacombank will adjust the regulations on Maturity Dates(*) and Interest Calculation Methods for new/renewed Time Deposits, Term Savings, and Certificates of Deposit opened at branches or online with maturity dates falling on holidays.

 

  • Regulations on Maturity Dates: The maturity date will not be postponed to the next business day if it falls on a holiday. If the last month of the deposit term does not have a corresponding date, the maturity date will be the first day of the following month.
  • Regulations on Interest Calculation for Over-the-Counter Deposits:  Customers who settle their deposits on the last business day before the holiday will receive interest according to the current early withdrawal policy. Customers who settle their deposits after the holiday will receive term interest up to the maturity date and additional interest according to the current early withdrawal policy for the renewed term until the settlement date.
  • For Online deposit transactions: Transactions made on holidays will be effective immediately upon successful system processing.

(*) The maturity date is the date corresponding to the deposit opening date in the last month of the deposit term. If the last month of the deposit term does not have a corresponding date, the maturity date will be the first day of the following month.

For details, please see here or contact the hotline at 1800 5858 88 or email: ask@sacombank.com.