Top of main content

Step-up Time Deposit Account

Take advantage of a saving account where the interest rate goes up over time.

The longer you save, the more you earn

Whether you're saving for a rainy day or for something special, our Step-up Time Deposit account can help you do it. Save for up to 12 months, with an interest rate that increases every quarter. Plus, there's no clawback if you withdraw your money early. 

Why open a Step-up Time Deposit?

Earn an attractive interest rate on your savings

The interest you earn increases in steps the longer you keep your account. As long as your account remains open, you'll earn a higher interest rate each quarter.

Withdraw your money any time with no penalty

If you withdraw your money, we won't take back the interest you've already been paid for previous quarters.

Low minimum deposit

Open your account with as little as VND 10 million.

Eligibility and important documents

Who can apply?

To apply for a Step-up Time Deposit Account, you must:

  • Be aged 18 or older
  • Be a Vietnamese citizen
  • Have a minimum deposit of VND10 million

Foreign citizens who are permitted to reside in Vietnam may also apply, as long as the deposit term does not exceed the remaining validity of their residence permit.

 

Documents you need to apply 

Ready to get started?

New to HSBC?

You'll need to open an HSBC account before placing a time deposit. Leave us your details and we'll contact you. You can also visit a branch or transaction office near you.

Already an HSBC customer?

Log on to HSBC Online Banking to open a Step-up Time Deposit Account.

How to open a Step-up Time Deposit Account 

You might be interested in

Grow your wealth with secure, flexible terms and competitive interest rates.
Transact conveniently and enjoy benefits.
Enjoy a completely new purchase experience and discover great deals.