Banks race to give gifts to attract year-end savers

(NLDO) – Along with the increasing trend of deposit interest rates, some banks also give gifts, cash, and additional interest rates to attract depositors.

Saigon - Hanoi Bank (SHB) said it is implementing a big promotion program to celebrate its 31st anniversary. From now until December 31, 2024, customers who open a new savings account at SHB's transaction counter with a minimum of VND 31 million will immediately receive a corresponding gift in cash or in kind. The total value of the gift is up to VND 5 billion.

After completing the procedure for opening a savings book at the counter or online, customers will be given one or more lottery codes to participate in the final draw, with the first prize being a savings book worth 310 million VND...

Currently, the highest savings interest rate at SHB is 5.8%/year for a term of 36 months; the interest rate for a 6-month deposit is 4.2%/year and the interest rate for a 12-month deposit is 4.9%/year.

Savings interest rates have increased in the past two weeks at many banks.

Digital bank Cake by VPBank has also just launched a promotion program to attract savers at the end of the year. The reward will be a gift or cash, applicable to those who deposit for 6 months or more and do not close early.

Like Cake by VPBank's "King of Savings Books" program, the person with the most savings books each week will receive a first prize of 3 million VND in cash. The interest rate for savings deposits at this digital bank for a 6-month term is 5.3%/year, for a 12-month term is 5.8%/year and the highest is 6.1%/year when customers deposit for 24 months or more.

In the past 2 weeks, the trend of increasing savings interest rates has begun to spread again.

Some banks are trying to attract depositors with promotions, gifts and cash in addition to increasing input interest rates.

Statistics from the Vietnam Banks Association (VNBA) Representative Office in Ho Chi Minh City show that interest rates have increased today at a series of commercial banks, such as ABBank, BaoViet Bank, HDBank, GPBank, LPBank, MB, Nam A Bank, IVB, Techcombank, Viet A Bank, VIB, and VietBank.

By September 30, the total mobilized capital of the banking system reached 14.5 quadrillion VND. By the end of October 2024, capital mobilized into the banking system could exceed 15 quadrillion VND - the highest level ever.

Source: https://nld.com.vn/lai-suat-hom-nay-2-12-ngan-hang-chay-dua-tang-qua-keo-khach-gui-tiet-kiem-cuoi-nam-196241202101900127.htm