(NLDO) - Banks increase interest rates and launch a series of incentives to attract people to save money during Tet.
On January 26 (ie 27th of Tet), Ms. Nhat Minh (living in District 1, Ho Chi Minh City) summarized her income in 2024 with savings of more than 600 million VND. She opened a digital banking application (app) and decided to make an online savings deposit for a 3-month term, with an interest rate of 4.3%/year at a joint stock bank.
"Buying gold with this amount of money is quite risky because the price of gold has been close to 89 million VND/tael for the past few days. The stock market is still fluctuating until it is sold out before Tet holiday, so I did not choose it while buying real estate is not enough budget. I chose to save a few months after Tet to take advantage of the good interest rate" - Ms. Minh said.
According to a reporter from Nguoi Lao Dong Newspaper, many commercial banks have "taken advantage" of increasing deposit interest rates close to Tet to attract idle money through online channels.
Digital bank Cake by VPBank (Cake) increased interest rates for many terms with the highest rate up to 0.4%, and at the same time promoted an additional 0.3% for terms from 6 months, bringing the total highest interest rate that customers can receive to 6.6%. Specifically, customers depositing savings at Cake for a 24-month term will have their interest rate adjusted to increase to 6.3%/year, and for a 12-month term to 6%/year. In particular, the 6-month term has the highest increase of 0.4% to 5.9%/year.
Savings interest rates increase near Tet
BIDV has launched a series of incentive programs for customers transacting at the counter and online, with a total prize value of nearly 20 billion VND. Customers will have the opportunity to win a Vinfast VF7 car, receive 46,500 gifts, 15,000 20% discount codes and many other attractive incentives from now until February 28...
According to statistics from the Vietnam Banking Association, last week Eximbank increased its deposit interest rates for the second time in January 2025, with an additional adjustment of 0.1% to 0.8% per year depending on some terms. Since the beginning of January 2025, 7 banks have increased their deposit interest rates, such as Agribank, Bac A Bank, NCB, MBV, Eximbank, KienlongBank, VietBank, etc.
SJC gold bar price has increased continuously in recent times.
Meanwhile, in the gold channel, the price of SJC gold bars on January 27 was listed by businesses at around VND87 million/tael for buying and VND88 million/tael for selling. The price of 99.99 gold rings and jewelry gold of all kinds was traded at around VND87 million/tael for buying and VND88 million/tael for selling.
Gold expert Tran Duy Phuong said that buying gold at this time could be risky because the price of gold has been increasing continuously for many weeks. From the end of December 2024 when the world gold price was only about 2,600 USD/ounce and 99.99 gold rings were about 84 million VND/tael, until now the domestic gold price has increased by about 4 million VND/tael.
"You should not buy gold near Tet and after Tet before the God of Wealth Day because the supply to the market is limited while people's demand for Tet gold increases, which will push the price of SJC gold bars and gold rings up. The world gold price is near the peak of 2,790 USD/ounce, which is the all-time peak and has increased by nearly 200 USD/ounce for 3 consecutive weeks, so there will be a downward adjustment when facing profit-taking pressure," Mr. Phuong analyzed.
Source: https://nld.com.vn/nhan-thuong-tet-mua-vang-sjc-hay-gui-tiet-kiem-online-196250127091931289.htm
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