ZaloPay collaborates with CIMB to launch a savings deposit product.

ZaloPay payment platform and CIMB Bank Vietnam have collaborated to launch a savings product with the highest interest rate of up to 6.1% per year, while also allowing users to withdraw part of the principal without affecting the interest earned on the remaining deposit.

Savings deposit is a deposit product offered by CIMB Bank Vietnam on the ZaloPay platform.

Savings Deposit is an online term deposit product offered by CIMB Bank Vietnam through the ZaloPay platform. The product launches with outstanding interest rates, among the top in the market today, with three attractive rates: 5.9%, 6%, and 6.1% per year, corresponding to terms of 6 months, 9 months, and 12 months, respectively.

Besides attractive interest rates, the savings product, a collaboration between ZaloPay and CIMB Bank Vietnam, allows users to flexibly withdraw principal in installments, with no limit on the number of withdrawals throughout the term and without fear of losing interest. Early withdrawals are subject to the non-term interest rate applicable to the current account at the time of withdrawal. The remaining principal continues to be subject to the term interest rate as initially agreed, thus ensuring financial benefits for customers.

Ms. Le Lan Chi, General Director of ZaloPay, said: “ZaloPay expects that Savings Deposit will be a useful tool to help customers optimize their personal savings. The flexibility to withdraw portions of the principal makes customers feel more comfortable when saving and also allows them to proactively manage their cash flow in emergency situations.”

To register for Savings Deposit on ZaloPay, users only need to follow these simple steps: Step 1: Access the ZaloPay application or ZaloPay within Zalo. Then select Savings Deposit, complete the registration form and wait for CIMB Bank to approve it;

Step 2: After the customer's profile is verified by CIMB Bank, the user selects a suitable savings package with terms of 6 months, 9 months, or 12 months;

Step 3: Enter the deposit amount starting from 500,000 VND and select "Deposit";

Step 4: Review the information and "Confirm" the transaction to complete it.

BINH LAM

Source: https://www.sggp.org.vn/zalopay-hop-tac-cung-cimb-ra-mat-san-pham-gui-tiet-kiem-post724010.html