Save smart, the most important thing is timing

Tet is coming, ACB offers customers super-cheap savings interest rates plus lucky money, this is probably the 'double standard' that any customer would want. More specifically, customers who deposit money can also "check in" to receive lucky money at the transaction counter until the morning of January 25, 2025.

" Timing the market" - The principle of timing is always important for any investment, including savings.

"Cash is not king. Cash flow is king" - millionaire Grant Cordone, CEO of Cardone Capital Investment Fund, once shared on Twitter about the importance of the time value of cash flow. That is also the reason why many financial experts always adhere to the principle of timing the market - choosing the right time of the market to invest.

Even with safe investments like "savings" which are often considered a safe haven for unexpected needs or future plans, the timing, term and deposit location must be calculated correctly to maximize profits. Especially during Tet when business owners have cash flow but do not have a specific spending plan, or large bonuses for the whole year, should they choose to save or invest in stocks? This is also a question that many people wonder about.

As H. Minh, head of the business department of a textile corporation, said: "Of course I save money. Compared to stocks, it is definitely a "profit" and not a loss."

Mr. H.Kim and Ms. L.Trang, the owners of a small production facility in Binh Duong, shared: "At the end of the year, after calculating the business plan for the new year, the money that has not been planned for immediate investment for the crop season, I personally will save it for a short term of 1-3 months. Business owners like me now prioritize finding a safe, profitable investment channel and ensuring continuous circulation of cash flow."

Ms. N. Thuy sees Tet as a good time to save money for good luck and prosperity throughout the year: "I'm not a business person, so I usually save money when I have free time. When I receive my bonus at the beginning of the year, I also want to make a savings book for good luck, and also to save for my children and grandchildren in the future."

It is no coincidence that banks are competing to offer attractive interest rate incentives to attract cash flow during the Tet holiday. Besides understanding and meeting customers’ needs, perhaps even banks want to fill their safes for growth plans in the new year.

Tet Money is coming when you save at ACB, with preferential interest rates and extra lucky money

A common perception of customers is that safe investment channels will not have a high profit margin, enough to generate profit. The rule also often shows "high risk high return".

But everything has exceptions, ACB - a famous prestigious and transparent bank - has just launched a preferential interest rate and unexpected lucky money bonus.

Mr. Dan, a VIP customer of ACB, shared that at this time last year's Tet, he deposited 500 million VND at ACB Da Nang Branch. This year, when he returned and prepared to deposit money, Mr. Dan was surprised with a special preferential interest rate for only 3-month term and received lucky money on God of Fortune Day in the "Tet Tien Tai Toi" program that ACB has just launched. A good bank with high interest rates, is this the "double standard" that any individual customer would want?

For maximum convenience, customers can deposit money directly on the ACB ONE application anytime, anywhere or go to the nearest branch/transaction office. In particular, while the number of banks operating until January 24, 2025, ACB is one of the few banks open for transactions to welcome customers until January 25, 2025 (ie Saturday morning, December 26). Customers can go to the transaction counters to "check in" to receive New Year's luck with the lucky money promotion program from ACB Tet Tien Tai Toi.

Not stopping there, understanding Vietnamese culture with the custom of giving lucky money on God of Wealth Day, ACB wishes to send lucky signals and wishes for a prosperous year, prosperity and wealth to business customers at the beginning of the new year, all lucky money will be given to customers' accounts at ACB on God of Wealth Day, February 7, 2025 (10th day of Lunar New Year). Specifically, when saving from 60 million VND, you will immediately receive 68,000 VND in your account, up to 6.8 million VND for a deposit of 6 billion VND, with no limit on the number of times you receive lucky money.

Previously, this bank also did not miss the hopeful New Year's Eve moment to give lucky money to millions of customers with the wishes "Great cash, great fortune", expressing the wish for a year of full economic prosperity.

(*) Customers can deposit money directly on ACB ONE here or to learn more about the program, please visit Tien Tai Toi or go to the nearest ACB Branch/Transaction Office or Contact Center 24/7: 028 38 247 247.

Source: https://thanhnien.vn/gui-tiet-kiem-thong-minh-quan-trong-nhat-la-thoi-diem-185250120113503685.htm