OVERNIGHT INVESTMENT WITH HIGH INTEREST RATE

Deposit product “Overnight investment with high interest rate” is a form of deposit account, details as follows: if customer’s current account’s balance at the end of a day exceeds an investment threshold, then such an excess amount can enjoy “overnight investment with high interest” with overnight interest rate being ordinary rate plus a premium. The remaining balance (below the threshold) still enjoys the ordinary current interest rate.

I. Benefit at a glance

• High liquidity and maximized return for customer, all day and night.
• Customer can authorize another persont to use account, subject to SCB’s regulation and law.
• Implementing payment services by using banking payment means: collection, salary payment service via ATM card, remittance, cheque payment,.. or money transfer into term deposit account at SCB.
• Free-of-charge E-banking service to receive notice of changing investment threshold and premium rate by SMS, and checking account balance via Internet banking.
• Free-of-charge account balance confirmation.

II. Features

• Target customer: individual customers with current accounts in VND at SCB
• Term: non-term
• Currency: VND
• Interest rate: interest rate on current account announced by SCB at the time the balance exceeding the threshold, plus the premium (See the threshold and premium)
• Interest rate payment method
  • Overnight investment interest rate: is applied for the excess amount at the end of a working day.
  • Overnight interest is automatically transferred into current account (matching with interest payment time of current account).

III. Documents and Procedures

If customers join “Overnight investment with high interest rate ” product, the excess amount over the threshold will be transferred into overnight investment account for customers enjoying interest rate on product.

IV. Other regulations

Applicable investment threshold and premium rate of this product are regulated by SCB during each period.

Contact

Fore more information, please contact any of our branches / transaction offices, or our Customer Service Centre, phone: (08) 39202222.