Accordingly, the principles will be adjusted as follows: interest rate is calculated by the real balance, interest rate and the number of day within term; interest rate is calculated by %/year (365 days); in case that customers want to close savings, the interest rate is applied to the non-term interest rate according to the regulation of SeABank at time of closing savings.

The formula of interest calculation based on principle as follows: the interest amount of the term = total day interest. Of which, the day interest = (the real balance x interest rate)/365, the real balance is the balance at the day of closing savings.

This principle and formula is applied to all savings product and payment account for individual and corporate customers. In detail, new periodly savings or renewal savings from January 01st, 2018 will be applied the new principle and formula of interest calculation. Those opened before January 01st, 2018 that will be closed from January 01st, 2018 will be applied the old one until the end of term. For non-term deposit (including payment account and other non-term deposits) will be applied the new principle and formula one.

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