Sunday, 19/05/2024

FXStreet treats your personal information as confidential and does not disclose it to any third parties other than the company selected. Your privacy is our greatest concern. FXStreet treats your personal information as confidential and does not disclose it to any third parties other than the company selected. Your privacy is our greatest concern

Term Savings Deposit (Common)

Introduction:

Fixed term deposits are deposits that depositors can withdraw money only after a certain term on agreement with organization that received deposits

Benefits to customers:

- Term and types of deposit are various and the most flexible.
- Received  the interest rates listed in LaoVietBank.
- Customers can deposit or withdraw at any branch of Lao Viet Bank.
- Your deposits are insured.
- Customers can use the balance of saving account  for mortgage, secured loan at the credit institutions.
- Customer can transfer savings account.

Features:

- Type of currency: LAK, THB, USD
- Minimum balance: 500,000 LAK, 100 USD, 2000 THB.
- Term: 1,2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 15, 18, 24, 36, 48, 60 months
- The interest rate is fixed during term of deposit. The interest is calculated and paid at schedule chosen by customers (monthly, quarterly or yearly).
- Method of interest payment: There are 3 methods. The interest is calculated and paid periodically: monthly, quarterly or yearly based on the detail requirement of each product.
- Renew the term:
On maturity date, if customer don't withdraw, Lao Viet Bank will convert interest into the principal and renew the term with interest rate at the time of renewal. (No applicable to type of advance interest payment)


Conditions:


Registration conditions:

- Lao citizens, foreign individuals who have capacity of civil law and capacity for civil acts under the law of Laos.
- Targets open deposit account in foreign currency is resident individuals .

Registration forms

-  Open account: Request form for deposit (sample), Identity card
- Withdraw: Withdraw slip, Fixed term savings deposit book, Identity card.