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.

Step 1: Log in to the Timo app.
Step 2: Open a Term Deposit.
Step 3: Select the Auto-deposit setting so that the system automatically creates a deposit order with the created TD information.
Step 4: Confirm.

The system will automatically execute monthly deposit orders according to the amount and term you have set. The interest rate will be based on the deposit date each month.

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.

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.

* 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).

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).

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