The bank has an interest rate of 4.0% for a 1-month term.

Interest rate 4.0 with 1 month term

According to a survey in August, the interest rate for 1-month term deposits of banks is from 3.0 to 3.6%/year. In particular, Kasikornbank (KBank) is offering a term deposit interest rate of 4.0%/year. The attractive preferential interest rate from KBank is a "door" to attract short-term investors, preserve capital for quick profits and wait for more ideal opportunities.

According to the introduction of this bank, Kasikornbank (KBank) has nearly 80 years of experience and development and has been recognized as "Best Retail Bank in Thailand" for 14 consecutive years.

Established a branch in Vietnam in 2021, providing many services for individual and corporate customers. Notably, the online savings service with competitive interest rates through the K PLUS Vietnam e-Banking application.

Photo: Kasikornbank (KBank), branch in Ho Chi Minh City.

Experts advise on how to spend personal finances wisely

Understanding the knowledge and managing personal finances intelligently will help you achieve your goal of financial freedom.

According to observations, there are 3 most common types of personal financial management. Cutting down on expenses to save as much as possible, spending first and then saving the rest or sticking to a clear financial plan. Regardless of your spending and money management style, understanding the knowledge and managing personal finances intelligently will help you achieve your goal of financial freedom.

Spend less, save more

With this method, the person applying will always prioritize saving the majority of their income. They aim to accumulate large assets for long-term needs and can be ready to deal with financial risks at any time.

However, the pressure to spend a large portion of one’s income is difficult and limits the needs of life. It is important to find the right balance between spending and saving and ensure that one uses their savings to invest for the best returns. Once they achieve their financial goals, they can enjoy a better quality of life and not be too stressed.

Photo: Kasikornbank (KBank)

Spend first, save later

These people prioritize their living standards to own a comfortable and fulfilling life before other aspects. They are often not too strict when making shopping decisions with a "go-anywhere" lifestyle. However, ignoring the preparation of financial reserves can cause great risks when difficult situations arise such as illness, need to buy large-value assets. Consuming more without control will make it difficult to achieve personal financial goals.

To avoid overspending, this group of people can use instant salary deduction applications. This helps them spend freely while still saving a small amount of money. The deducted amount can be deposited in a savings bank or invested to earn profit.

Manage money using the 50-30-20 rule

This is the gold standard in personal finance management. 50% of your income goes to necessities like rent and food, 30% goes to other expenses, and at least 20% goes to savings.

Successful financial managers are always people with plans and discipline. They understand and control savings effectively, make smart decisions, and achieve financial stability in their personal lives. Learn how to invest in many different asset portfolios, diversify investment forms to have a solid amount of money to achieve long-term financial goals in the future.

Financial experts - the "masters" of saving money

Experts do not care about how much money they keep, but how to make money work for them and generate more money. They manage their personal cash flow effectively, increase multiple sources of income, manage cash, rotate investment capital and manage risks. There are many popular and profitable forms of investment savings such as stocks, real estate, and gold investment. In addition, experts always know how to diversify their portfolio, including high, medium and low risk channels. For example, bank deposits are an indispensable low-risk channel in an effective investment plan.

Photo: Kasikornbank (KBank)

No matter how you save/spend, in an unpredictable economic climate, it is always a good idea to save a small amount for a rainy day, even if the amount saved is not that large. Short-term deposits are a good option for those who want to start saving because they are flexible with attractive returns.

Save confidently with outstanding interest rates for 1-month term deposits at 4.0%/year

Learn more here: https://kbankwbg.co/3S2rkyC

Source: https://laodong.vn/kinh-doanh/ngan-hang-co-muc-lai-suat-40-ky-han-1-thang-1383827.ldo