Chuyên mục: saving account

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New Regulations For Foreigners

We would like to inform you of amended circulars pertaining to foreigners, issued by the State Bank of Vietnam, with regard to opening of accounts, debit cards, savings accounts and term deposit accounts. 1/ REQUIRED DOCUMENTS TO OPEN A BANK ACCOUNT  As stated in Circular Nos. 19/2016/TT-NHNN and 26/2017/TT-NHNN, a foreigner is considered eligible to […]

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DIFFERENCES BETWEEN TRADITIONAL SAVINGS VS. ONLINE SAVINGS

Saving money is one of the common modern financial activities in today’s word. Compared to several traditional forms of saving such as piggy bank, saving money in a safe, opening a savings book, etc., there has been a new smart savings form called online savings. Since it has been developed, online savings has been preferred […]

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When to use Goal Save and when to use Term Deposit?

Both Timo Goal Save and Timo Term Deposit are useful tools that can help you to store your savings money. However, depending on your purpose of saving and use, Goal Save and Term Deposit would be suitable for different purposes. Find out when you should you use Goal Save and when you should use Term […]

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3 REASONS WHY YOU SHOULD START SAVING

Most of us usually spend our youth, along with our time and energy, to explore and experience several different things such as experiencing a job outside of our comfort zone or exploring a new destination. To serve these new and exciting experiences, sometimes we do not mind spending over our financial capability. However, this is […]

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How to make sure you always pay your rent on time with Timo Goal Save?

Renting accommodation is a common scenario for several age groups, such as university students, expats or those who cannot afford to buy their own houses yet. This is why rent payment is a recurring task that requires rent to be paid during a fixed term (monthly, quarterly etc) and with a fixed amount of money (as per rental […]

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What is personal budget? Why should you plan your personal budget early?

One of the most important things in effective personal financial management is to make sure you do not spend more than you earn. To do this successfully, you need a personal budget. A personal budget will act as your personal financial limit to help you manage your financial situation more effectively. What is personal budget? […]

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Timo Term Deposit – A smart solution to earn additional income from your savings

Are you currently waiting for several things to happen before opening a savings account? For instance, you might be waiting to have enough money, or you already have enough money but do not have free time to visit your bank to open a savings account. With Timo Term Deposit, you do not have to go […]

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Why is Timo a good fit for stay-at-home moms?

International Women’s Day is one of those times in the year, when all mothers should be pampered and showered with love and care from other family members. And it would be a shame if they have to spend all their time managing daily expenses instead of enjoying themselves. However, with Timo, daily expense management can […]

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Should you open a savings account to earn interest?

Do you have a decent amount of savings but are unsure how to generate a profit from it? For people who are up to the challenge, their savings might be used in different areas such as opening a business, investing in securities, etc. For people who prefer stability, they would choose to put their savings […]