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How to open a Term Deposit in Timo?

Choose Term Deposit when login Timo app, select the Purple Circle button to see the interest rate and open a Term Deposit account. The minimum deposit amount is 100,000 VND and multiples of 100.

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What types of Term Deposit does Timo have?

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.
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Can I close my Term Deposit early?

You can close your Term Deposit early. However, the interest rate received will be only 0.2%/1 year.

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