Certainly! You can cancel the Auto-deposit setting at any time through the TD list screen.

1. For Principal rollover TD, the original amount will continue to be invested after maturity, while the interest will be transferred to the Spend Account.

2. For Total rollover TD, both the original amount and the interest will be automatically rolled over into a new TD with the same term but at the current interest rate.

3. For Non-rollover TD, the original amount and the interest are not automatically rolled over but transferred to the Spend Account.

Every time the system automatically executes a deposit order, you will be notified via the Timo app, making tracking your savings growth easier.

If the Auto-deposit order fails, you will receive a notification with the reason and the system will execute the deposit order in the next cycle.

This setting is a powerful tool that helps you cultivate smart & effortless savings habits. By automatically creating a monthly Term Deposit from your Spend Account, you can build a passive income stream over time without having to do this manually.

Currently, Timo supports opening a Term Deposit with competitive interest rates in two forms:

• Fixed term deposit: On the due date of payment, all principal and interest will be transferred to your Spend Account.
• Deposit in the form of roll over: On the due date of settlement, all principal and interest will continue to be deposited equivalent to the selected term with the current interest rate applicable on the date of renewal of a term deposit.

* Note: Foreigners who can prove their residential status in Vietnam is valid for at least 6 months on their identity document will be eligible to open a/multiple Term Deposit Account(s).