Financial Products > Savings
Transaction Detail

Introduction:

It is the interest support service adding utility for customer having idle cash in  trading account at BSC to use Time Deposit service with flexible and attractive interest rate and term.

Service’s utilities: 

Collateral Asset:

ü  This utility allows using time deposit as collateral asset to buy securities and also maintain interest from that deposit money in case that the Customer needs money to invest in securities market but time deposit is not due yet. If the Customer wants to place order with ordinary account (not margin account), The Customer can consider cancelling or pledging time deposit to make settlement.

ü  This utility is very useful if customer’s trading account is margin account because the idle money which was used as time deposit can be use to create leverage increasing purchasing power whenever the Customer needs without cancelling time deposit.

 Pledging time deposit

ü  Time deposit pledge is the service BSC provides to customer in order to maintain saving interest in case that the Customer needs money as above situation. The Customer can pledge time deposit to have money for other purposes.

Conditions:

Customer’s account must have idle cash which does not have any liability obligation.

Guidance:

Customer can deposit money through BSC’s trading channels.

Interest rate:

Competitive interest rate as compared to BIDV’s interest rate and specified in each period.

Related terms
Attachment