Nam Viet Commercial Joint Stock Bank (Navibank) on August 10 officially issued certificates of deposits in gold with progressive interest rate based on the balance.
C/Ds with the balance of from at least 100 ounce, the interest rates for three-month term is 5.6% per annum, six months at 6.1%, nine months 6.3% and 12 months at 6.5% per annum.
The C/Ds owners have rights to transfer, discount or mortgage.
Aug 14, 2008
Navibank issues deposit certificates in gold
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