TERM DEPOSIT

Open and redeem term deposits in-app instantly with
attractive interest rates and flexible term periods.

*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 Accounts

Benefits Interest rate How to Set up a Term Deposit Term Deposit FAQs

ATTRACTIVE INTEREST RATES

Competitive interest rates from VP Bank,
updated regularly

AUTO CALCULATION

Timo automatically calculates annual interest rate based on your contribution

SMART SAVING

Split TDs into smaller ones to earn interest while withdraw some earlier

Check interest rates directly in App. Interest rates are updated regularly.

Put your money aside from 1 – 18 months and get competitive rates for each term.

Split your TDs into smaller amounts. Withdraw some early without a penalty.

4 EASY STEPS TO SET UP A TERM DEPOSIT

Step 1
Swipe left at Term Deposit

Step 2
Select “New TD”

Step 3
Input required information to help Timo
calculate the applicable interest rate.

Step 4
Click Next and complete

FREQUENTLY ASKED QUESTIONS ABOUT TD’s

My visa will expire in the next 2 months, what term of the term deposit do i qualify for?

You can open a term deposit with term 1 month.

My Visa is expired and I want to open a Term Deposit, what should i do?

Please bring your passport with new valid visa to near Timo Hangout to update your information before opening a Term Deposit.

If I have a 3 month visa can i still use Term Deposits?

Yes you can continue using Term Deposits, however the maturity of the term deposit will be the same or less than the validity of your document proving residential status in Vietnam.

What are the documents I need to provide to be able to use a Term Deposit?

a) If you have a Term Deposit before 5th Jul, 2019, Don’t worry your term deposit will be kept until its maturity. You don’t need to submit any additional documents. b) To open a new Term deposit from 5th Jul, 2019, you may need to submit documents issued by the Authorities to prove you are allowed to reside in Vietnam from at least 6 months.

What is the regulation?

a) The regulation states that Non Vietnamese customers, with a valid document proving residential status in Vietnam with at least 6 months will be eligible to open Term Deposit Accounts with a Term not greater than the remaining of its validity. b) Read more about this Circular here

TERM DEPOSIT

My visa will expire in the next 2 months, what term of the term deposit do i qualify for?

My Visa is expired and I want to open a Term Deposit, what should i do?

If I have a 3 month visa can i still use Term Deposits?

What are the documents I need to provide to be able to use a Term Deposit?

What is the regulation?

TIMO IS JUST LIKE A REGULAR BANK
BUT WAY BETTER

Move money

Pay online

Fee free cash withdrawals

About us

Product

Timo Hangout

TẢI ỨNG DỤNG TIMO

KẾT NỐI VỚI TIMO

TERM DEPOSIT

TIMO IS JUST LIKE A REGULAR BANK BUT WAY BETTER

Move money

Pay online

Fee free cash withdrawals

About us

Product

Timo Hangout

TẢI ỨNG DỤNG TIMO

KẾT NỐI VỚI TIMO

TIMO IS JUST LIKE A REGULAR BANK
BUT WAY BETTER