Product Description: Cumulative Savings is a form of savings installments to reach a larger amount in the future.

Customers: Individual customers.

Characteristic:

Deposit term: 01 to 20 years (the term is rounded to year).

Deposit currency: VND.

Periodic installment:  monthly.

Deposit form: Term Deposit, interest paid at maturity.

• Cash deposit at counter.        
• Funds transfer from another account, or...
• Or authorize Kienlongbank to automatically deduct money from your demand deposit account.

Minimum total value: 6,000,000 VND.

Interest rate:

• Normal savings rate of 12-month term, interest payment at maturity. See interest rate schedule.   
• Interest rate changes annually.
• The accumulated savings interest is equal to sum of interests of each deposit.