Corporate Term Deposit Accounts
Introduction
Corporate time deposit refers to the deposit made by corporate customers with the temporarily idle funds, and the deposit term shall be specified in the contract between the corporate customer and Bank of China (Hong Kong) Limited Vientiane branch. When the deposit is withdrawn upon maturity, the interest shall be calculated in accordance with the interest rate agreed on the deposit date. Bank of China (Hong Kong) Limited Vientiane branch accepts corporate time deposit in currencies such as LAK, USD, THB , CNY.
FEATURES
- Higher interest rate than saving deposit
- Several deposit terms for customer to choose: minimum 1 year.
Target Customers
- Corporate Customers
Procedure
- Corporate customers shall submit the written application for opening a time deposit account, with a certain amount of money deposited in it.
Required Documents
For Customers who have opened the current accounts at Bank of China (Hong Kong) Limited Vientiane branch, no extra documents are required.