The certificate of deposit program helps customers optimize their capital with high profitability and low risk. From 19 February to 31 March 2019 or upon the bank’s notice of termination, Vietnamese and foreign individuals living and working legally in Vietnam, or Vietnamese and foreign financial institutions conducting business under Vietnamese law are eligible for the program which is launched at all BIDV branches nationwide.

To meet the diverse needs of customers, BIDV offers 2 options: Fixed Interest Rate and Floating Interest Rate, with three terms of 18, 24 and 36 months. The minimum balance is VND10 million/ account for individuals and VND50 million/ account for corporates. Specifically, the customers offers a fixed interest rate at 7.6%/year, or floating interest rate at 7.5%/year for the 1st term and then be adjusted based on the average deposit rates for individual of the same term in VND published on the official websites of 4 state-run commercial banks (5 days prior to the day of interest rate determination) + 0.6%/year but will not lower than 7.5%/year.

When the certificate of deposit comes to maturity, if individual customers don’t show up for settlement, BIDV will actively transform the principal (in case customer opts not to add the interest to principal), or principal and interest (in case customer opts to add interest to principal) into a savings account (with term and interest payment method same as defined in the certificate of deposit), at interest rate published by each BIDV branch on the maturity date. For institutional customers, the long-term registered certificate of deposit will not renew automatically upon maturity.

Honored as the first and only bank to receive the Best Retail Bank award in Vietnam for 5 consecutive years (from 2015 to 2019) from The Asian Banker, BIDV will continue to offer more attractive incentive programs for customers in 2019.