Choosing VIB iDepo for Family Financial reserves: Attractive Returns, High Flexibility

Instead of relying solely on traditional term deposits, many families today are seeking solutions that allow their money to be managed more proactively. In this context, VIB’s iDepo is emerging as a noteworthy financial solution in this growing trend

VIB iDepo - A Suitable Accumulation Tool for Modern Family Financial reserves

If personal finance revolves around the goals of an individual, family finance involves planning for multiple future needs simultaneously - education funds, healthcare reserves, lifestyle upgrades, as well as unforeseen expenses. What these funds have in common is that they are not needed immediately, yet must always remain highly liquid.. For many years, the conventional solution has been traditional term deposits. However, as financial needs become increasingly flexible, locking funds into fixed-term deposits forces many families to make a trade-off: either optimize returns or maintain control over liquidity and cash flow.

VIB’s iDepo is designed as a medium to long-term deposit solution, but with a different mechanism compared to traditional term deposits. The product allows customers to place deposits starting from VND 50 million, with common tenors of 24 or 36 months, offering interest rates of up to 8.3% per annum (depending on customer segments). Customers can choose structures that best fit their financial plans, thereby improving cash flow efficiency. The most distinctive feature of iDepo is its transferability. When early liquidity needs arise, customers are not required to break the deposit early and lose accrued interest. Instead, the iDepo can be transferred to another party, allowing customers to retain their earned returns. 

The entire process from iDepo placement, monitoring, to transfer can be conducted online via the MyVIB mobile banking application, making family financial management more seamless and efficient.

Effective Fund Management Enables Proactive Cash Flow

Mr. Truong and Ms. Ha (Ho Chi Minh City) once faced a common challenge: how to accumulate funds for long-term goals while maintaining sufficient liquidity for unexpected needs. After more than 15 years of working, they accumulated approximately VND 4 billion for their children’s overseas education. Previously, they placed funds in long-term term deposits to benefit from higher interest rates. However, when unexpected expenses arose, early withdrawal required full termination of the deposit, resulting in the loss of most accrued interest. Alternatively, using deposits as collateral incurred additional borrowing costs.

After switching to VIB iDepo, they restructured their fund allocation strategy. Instead of a single deposit, they divided their funds into multiple iDepo placements aligned with specific goals—education, healthcare, and lifestyle. Each iDepo placement operates independently while contributing to an overall financial plan. When liquidity is needed, they can transfer a specific iDepo instead of disrupting the entire portfolio. This allows them to receive both principal and accrued interest, while the remaining deposits continue generating returns.

For example, with a VND 1 billion iDepo, after six months, if they need liquidity, they can transfer the deposit to acquaintances and still earn nearly VND 40 million in interest income, instead of forfeiting all accumulated returns as with traditional savings products. The most significant change lies not in the interest rate, but in the ability to maintain full control over their control over their cash flow.

Beyond Savings: Family Financial reserves as Long-Term Financial Security

In Vietnamese financial culture, savings are closely associated with long-term security. When cash flow is effectively managed, financial plans no longer depend on timing constraints but can be executed whenever needed. At that point, savings are no longer just a defensive measure but become a proactive financial foundation.

An effective family fund does not need to be complex. What matters is that each allocation has a clear purpose and continues to generate value over time.
With attractive returns, flexible transferability, and a fully digital platform, VIB iDepo introduces a new approach to savings: funds are not only preserved but also continuously generate returns while remaining flexible - supporting a sustainable financial future.