ACB launches new saving products

Wednesday, May 21, 2008
Asia Commercial Joint Stock Bank (ACB) recently has launched two products namely Overnight Saving and Demand Deposit in the dong with progressive interest rate based on day-end balance.

With Overnight Saving, depositors with the account balance of 500 million dong and higher will receive an interest rate of 10.80% per annum. The interest rate will be calculated every 24 hours as from the depositing time, which will be added to principal.

Regarding the second product, with the day-end balance of below five million dong, depositors will receive an interest rate of 3% pa, over five million dong at 4.8-7.8% pa.