Is it SAFE? thinking putting some money in 1 year fix deposit

https://www.expat.com/forum/viewtopic.p … 86#4107194

You should probably read it all but in particular, read #39.  It does not suggest particular banks but proposes a strategy.

Hi,
I'm putting quite some money on term deposit. Usually 6 months or 1Y depending on my needs.

I had no issue so far.
I'm using TIMO (Online banking based on VPBank).

Works great!

dudumomo wrote:

Hi,
I'm putting quite some money on term deposit. Usually 6 months or 1Y depending on my needs.

I had no issue so far.
I'm using TIMO (Online banking based on VPBank).

Works great!

Hi dudumomo

TIMO is only the e-banking platform, right?
Wthat is the name of the VPBank product for term deposit?
What is the interest for half and one year?

It seems similar to the Saving Books from Vietnamese banks (only easier for handling).

Thank you in advance.

Yep, only a 3rd party platform based on VPBank.
Not sure the underlying product. They call it Term Deposit.

As of today:
1 month 5.2%
3 months 5.2%
6 months 6.8%
12 months 7.0%
>12 months 7.2%

dudumomo wrote:

Yep, only a 3rd party platform based on VPBank.
Not sure the underlying product. They call it Term Deposit.

As of today:
1 month 5.2%
3 months 5.2%
6 months 6.8%
12 months 7.0%
>12 months 7.2%

Thank you dudumomo

Nearly same interest I have with the Saving Book.

dudumomo wrote:

Yep, only a 3rd party platform based on VPBank.
Not sure the underlying product. They call it Term Deposit.

As of today:
1 month 5.2%
3 months 5.2%
6 months 6.8%
12 months 7.0%
>12 months 7.2%

Just so everyone is clear, these are annual interest rates.

Wxx3 wrote:

dudumomo wrote:

Yep, only a 3rd party platform based on VPBank.
Not sure the underlying product. They call it Term Deposit.

As of today:
1 month 5.2%
3 months 5.2%
6 months 6.8%
12 months 7.0%
>12 months 7.2%

Just so everyone is clear, these are annual interest rates.

If these interests would be monthly, nobody would anymore work.