By utilizing this service, when the end-of-day balance exceeds Customers’ predetermined amount, the exceeding amount will be automatically transferred to an account namely "Auto-Investment". Otherwise, if the current account's balance is lower than this predetermined amount, the money will be transferred from the "Auto-Investment" account to the demand deposit account.
This service is designed for financial institutions having largely but unstably unemployed fund over a long period and requesting a higher interest rate than demand deposits.
- Effective and flexible usage of unemployed capital.
- Greater economic efficiency due to higher interest rate in the "Auto-Investment" account than that in the demand deposit account.
- Another method to increase efficient usage of your unemployed capital is to use the term deposit product since the rate is higher than the demand deposit account's rate as long as the customer maintains the full term (E.g. one-month or two-week term). However, if there is any change in your usage of fund plan that might cause any immediate withdrawal ahead of maturity, the customer will no longer enjoy the high term deposit interest rate.
- With auto-investment service, the Customer no longer needs to worry about changing financial plans:
- The flexibility of the facility since the fund will be automatically transferred between the demand deposit account and the "Auto-Investment" account.
- Higher interest rate than demand deposit account's rate as the "Auto-investment" rate is calculated and paid on daily basis.
To use the service
Customer only needs to sign agreement with Vietcombank. Detailed information about transactions on Auto-investment and current account will be provided fully to the Customer.
According to agreement