TERM DEPOSIT

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

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

Can I receive interest on Term Deposits if i withdraw ahead of time?

Yes. You can. As long as you still have some TD's locked in for the original term, while withdrawing others you will continue to receive the interest on the balance Term Deposits.

How to withdraw from my Term Deposit?

It's easy. Step 1: Sign in to Timo. Step 2: Select the Term Deposit. Step 3: Select Term Deposit you want to redeem, select Withdraw.

How to find the interest rate for Term Deposits?

You can find the Term Deposit interest rates in the Term Deposit section of the app. At the Home screen, swipe left on TD and select the interest rate table. This interest rate is the online interest rate from VP Bank and is updated every day.

What is the Term Deposit interest rate?

Interest rates for Term Deposits are competitive and based on the online rate from VP Bank which is updated daily. You can check this daily in the Term Deposit section of the Timo app.

What is a Term Deposit?

Timo Term Deposit is basically a savings account with a fixed term. But the Timo Term Deposit is more intelligent and efficient. It helps you easily create and track your savings right in the app and interest rates are transparent and regularly updated. In addition, you can split your Term Deposits into 4 smaller ones so even when you withdraw 1, you continue earning interest on the remaining 3 TDs.

TERM DEPOSIT

Can I receive interest on Term Deposits if i withdraw ahead of time?

How to withdraw from my Term Deposit?

How to find the interest rate for Term Deposits?

What is the Term Deposit interest rate?

What is a 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

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