Products & ServicesDepositsIndividual Retirement Account

Individual Retirement Account

To make a contribution to the economic development in Laos and reduce risks related to funds own keeping, ACLEDA Bank Lao developed a deposit service, Individual Retirement Account, that the bank is responsible for maintaining, administering, and arranging the funds deposited into the account by the account holder or third party for the expenses after his/her retirement.

Advantages

High secure for maintaining, administering, and arranging funds for personal advantage after retirement
Interest rate is higher than Saving Account's
Well prepared for a better standard of living after retirement
Opportunity to use other bank's products and services

Special Feature

The account is used with savings passbook
The interest rate is daily accrued and yearly capitalized
Amount of deposit is based upon the agreement between the customer and ACLEDA Bank Lao
Being eligible to make withdrawal on demand after reaching retirement age, which is related to labor law of Lao PDR
Being able to make withdrawal before retirement age with service charge applied

Currency

ACLEDA Bank Lao offers an Individual Retirement Account in Lao Kip.

Account Balance

Individual Retirement Account is required to have an initial deposit and minimum balance of LAK200,000.

Interest Rate

The interest rate of Individual Retirement Account is 5.70% per annum.

Note: Please contact our officer at ACLEDA Bank Lao's branch for details.