Sacombank issues long-term certificates of deposit with 7.1% annual interest rate

05/09/2024

Starting from 05/09/2024, Sacombank will issue VND 5 trillion in long-term registered Certificates of Deposit (CDs) with an attractive interest rate for both individual and institutional customers. This provides a safe, long-term investment option with higher returns compared to traditional savings.

The interest rate for the first year of the CDs is 7.1% per annum, and for subsequent years, it will be adjusted flexibly according to market interest rates. The CDs have a minimum denomination of just VND 1 million, a term of 7 years (84 months), and do not automatically renew. The principal will be paid in full at maturity, and interest will be paid annually.

In addition to the attractive interest rate, Sacombank's CDs offer other advantages: customers can withdraw part or all of the balance before maturity, transfer ownership, or use the CDs as collateral to secure loans at preferential interest rates.

Earn up to 0.7%/year interest rate bonus with Sacombank Pay savings

Individual customers who open term savings accounts from 1 to 36 months through the Sacombank Pay app will enjoy an interest rate of 0.4% to 0.7% higher than at the counter. Customers can not only open savings accounts according to their preferences, but they can also easily manage (check history, applicable interest rates, maturity dates, etc.) their savings anytime, anywhere, and even use them as collateral for quick consumer loans on Sacombank Pay without needing to visit a branch.