THE UPDATES: FIXED DEPOSIT TERMS AND CONDITIONS & PREMATURE WITHDRAWAL INTEREST CALCULATIONS
THE UPDATES
Re: PREMATURE WITHDRAWAL OF DEPOSITS AT HLBVN
Dear Valued Customer,
Hong Leong Bank Viet Nam (“HLBVN”) would like to thank you for your continued patronage with us.
Pursuant to Circular No.04/2022/TT-NHNN issued by the State Bank of Vietnam on the interest rate on premature withdrawal of deposit at credit institutions, we would like to inform you on the change of HLBVN terms and conditions applicable to the Premature Withdrawals of Fixed Deposit and Time Saving Deposits of HLBVN (“Deposits”). The key changes are as follows:
With effect from 1 August 2022, customers are allowed to withdraw Deposits at HLBVN before maturity. Deposits withdrawn before the date of maturity will receive the maximum interest rate equal to the lowest interest rate of Demand Deposits of the same currency provided by HLBVN at the time of premature withdrawal. The remaining deposit will continue to accrue interest as applied at the initial placement of the Fixed Deposit.
For details of the updated General Terms and Conditions of Fixed Deposit and Time Saving Deposits of HLBVN, you can find it at our website https://www.hlbank.com.vn or click the link.
Please reach out to your Relationship Managers or call 1900633068 if you have further enquiries or need additional assistance.
We look forward to serving your bank’s needs.