Payment platform ZaloPay and CIMB Bank Vietnam have just cooperated to launch a Savings product with the highest interest rate of up to 6.1%/year, while allowing users to withdraw the principal in part without affecting the interest of the remaining deposit.
Savings is an online term deposit product provided by CIMB Bank Vietnam through the ZaloPay platform. The product was launched with outstanding interest rates, among the top in the market today with 3 attractive levels: 5.9%, 6% and 6.1%/year corresponding to terms of 6 months, 9 months and 12 months.
In addition to the attractive interest rate, the Savings product in collaboration between ZaloPay and CIMB Bank Vietnam also allows users to flexibly withdraw the principal in part, with no limit on the number of withdrawals during the term and without fear of losing interest. The early withdrawal portion is applied the non-term interest rate applied to the Payment Account at the time of withdrawal. The remaining principal is still applied the term interest rate as initially agreed, thereby ensuring financial benefits for customers.
Ms. Le Lan Chi, General Director of ZaloPay said: “ZaloPay hopes that Savings will be a useful tool to help customers optimize their personal savings. The flexibility to withdraw each portion of the principal helps customers feel more comfortable when saving and also proactively control cash flow in emergency situations.”
To register for Savings on ZaloPay, users only need to follow these simple steps: Step 1: Access the ZaloPay or ZaloPay application in Zalo. Then select Savings, complete the registration form and wait for CIMB Bank to approve;
Step 2: After the customer profile is verified by CIMB Bank, the user chooses a suitable savings package with terms of 6 months, 9 months or 12 months;
Step 3: Enter deposit amount from 500,000 VND and select “Deposit”;
Step 4: Check the information and “Confirm” the transaction to complete.
BINH LAM
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