Fixed Deposit Accounts

Objective:

Fixed Deposit Account is a deposit account which gives a high return from the fixed interest rate depending on the customer’s selection period according to its preference as the following details: 3 months, 6 months, 9 months,12 months, 18 months, 24 months, 36 months, 48 months and 60 months. withdrawal of principal and interest will be allowed upon the maturity.

Benefits:

  • • You will earn a high return from the fixed interest rate.
  • • Your account can be used as collateral for loans.
  • • You can open an account to earn a monthly interest and the principal shall be matured as you have set.
  • • The fixed interest and the account balance can be checked via Internet Banking.
  • • Can be used as a guarantee for issuing a Credit VISA.

 

Currency

  • • LAK
  • • THB
  • • USD
  • • CNY

 

Interest:

 

Terms and conditions:

  1. The minimum fixed deposit for general public: 2,000,000 LAK or 300 USD or 10,000 THB for legal entities or organizations: 20,000,000 LAK or 3000 USD or 100,000 THB for foreigners which are not in lao PDR 50,000USD or 1,500,000 THB
  2. If the fixed deposit account is withdrawn before its maturity of 3 months, the fixed interest will not be paid or the withdrawal is over 3 months, however, before its maturity, the fixed interest will be calculated according to the interest rate of saving account and a fee of 120,000 LAK or 15 USD or 500 THB will be charged.