The Flexible Certificate of Deposit

• Attractive interest rates are designed to maximize investment returns.
• Flexible ownership transfer while preserving returns based on the actual holding period. 

• Currency: VND.
• Term: 36 months.
• Minimum Denomination: VND 500 million. Additional denominations must be in multiples of VND 100 million.
• Interest Rate (*):

            The interest rate for Flexible Certificate of Deposit is determined as follows:

          - Highest over-the-counter interest rate applicable to a 6-month traditional time deposit + 2.5% per annum margin.

          - The interest rate is reviewed and adjusted every six months.

        (*) The applicable interest rate and margin are subject to change in accordance with SACOMBANK's prevailing policy.

• Interest Payment: Interest is paid every six months and credited to the customer's SACOMBANK current account.
• Partial Principal Withdrawal: Not applicable
• Auto-renewal: Not applicable. Upon maturity, the principal amount will be automatically credited to the customer's SACOMBANK current account.
• Early Redemption: Available only for Flexible Certificates of Deposit that have not been transferred, subject to SACOMBANK's prevailing regulations.

     Ownership Transfer

     Ownership transfer is permitted provided that:

• The transferor has held the Flexible Certificate of Deposit for at least 06 months; and when the transferee is a credit institution or foreign bank branch, the remaining tenor must be less than 12 months.
• Ownership Transfer Benefits:

 - The transferor retains all periodic interest payments already received, and is entitled to returns calculated based on the actual holding period for the incomplete interest period up to the transfer date.

- The transferee inherits full ownership of the Flexible Certificate of Deposit, receives all subsequent interest payments, and is entitled to the accrued return corresponding to the transferor's holding period prior to the next scheduled interest payment.