Sunday, 19/05/2024

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Retirement savings

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Savings deposit for retirement is a fixed term deposit, which form partial deposits with a fixed amount and fixed term. This type is suitable for customers with low and stability incomes, for example, officers, staffs, bank staffs, employees who receive monthly salary ...

1. Payment method of principal and interest:

- The interest is paid every year into the CASA account of the customer.

- Payment method of principal:  On maturity date, Lao Viet Bank will automatically settle your account and transfer the principal and interest of last year into  CASAaccount.

2.Withdraw before maturity

   Customer can withdraw before mathurity. If customer withdraw before mathurity, customer will receive non-term interest rates (SA) applicable at the time of withdrawal, from the last interest payment date to the date of withdrawal. If  interest is unpaid , interest will be calculated from the date of opening account  to the date of withdrawal. The Bank does not retake interest paid.

3. Other condition:

- The target customer: Applying for Laotians are living legally in Laos from 18 years and above. You can open an account for myself and open for older relatives (parents, grandparents, aunt, brother, sisters, ...).

- Type of  currency: LAK, USD, THB

- Minimum deposit every term: 100.000LAK, 500THB, 10USD.

- Term: 3 years, 4 years, 5 years, 6 years, 7 years, 8 years, 9 years, 10 years, 11 years, 12 years, 13 years, 14 years, 15 years, 16 years, 17 years, 18 years, 19 years, 20 years.