ONLINE DEPOSIT

I.Duration

Since January 04th, 2010

II. Introduction

“Online deposit” is a term deposit product for individual customers maintaining VND demand account at SCB. With this product, customers can increase their gains by depositing via Internet Banking SCB without making any transactions at SCB’s offices. Customers just register SCB’s Internet Banking service to join “Online deposit” product and enjoy the following benefits:

• Customers joining this product from April 15, 2010 to April 18, 2010 inclusive and satisfying the criteria of the program will receive cash premium calculated with rate of 0.25% subject to the announcement at the time of deposit.
• Customers joining this product from January 04, 2010 to April 14, 2010 inclusive and satisfying the condition of receiving cash premium 2 times of the former promotion program:
  • For customers with 2-month term deposit and over before the anniversary date of first month/second month deposit or both: cash premium will be offered subject to the new program with the rate of 0.15% if customers have not received any cash premium before.
  • For customers with 3-month term deposit and over: on the anniversary date of third month deposit towards, cash premium will also be offered to customers with the rate of 0.15% if the anniversary date falls behind April 15, 2010 (the official date of new promotion of the product).
• Additional interest rate of 0.20%/year will be offered if customers re-deposit this product with the term as the initial term (term: from and over 1 month)
• Interest premium policy for 50-year-old and over customers is still applied to this product.

III. Features

• Term: from 1 week to 60 months (round month).
• Minimum deposit: VND 1 million.
• Interest: subject to product’s interest rate table announced by SCB at the time of deposit (click here)
• Interest payment: on maturity date.
• Mode of interest payment: SCB will credit the interest to customer’s VND demand account on maturity date.
• Re-deposit: if customers’ accounts are not closed on maturity date, then the initial deposit will be automatically re-deposited and interest premium of 0.20%/year will be offered to customers if eligible.
• Withdrawal before maturity: flexible withdrawal is allowed and interest rate table of ordinary demand deposit is applied if customers withdraw before maturity date. Especially, SCB’s term deposit policy can be offered to customers withdrawing funds before maturity date at our counters if eligible.
• Customers can close accounts (on or before maturity date) via Internet Banking or at SCB’s counters:
  • Closing via Internet banking: Customer logs in SCB Internet Banking and closes the “Online deposit” account. Both principal and interest of the deposit will be transferred to customer’s demand account.
  • Closing at the counter: closing can be made at any SCB transaction offices, no fee is charged.

Step by step instructions to make transactions via Internet Banking, click here

To join “Online deposit”, click here.

Contact

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