Banks attract deposits after lunar new year

After the Tet holiday, bank branches in the province welcomed a large number of customers to make transactions. In addition to regular transactions, a large number of customers come to deposit savings for good luck in the new year. 

Many people still deposit savings to bank

Le Anh Tuan - Director of Agribank Khanh Hoa Provincial Branch said that right after Tet, many customers came to Agribank branches in the province to deposit savings with the desire for fortune and luck for the whole year. Therefore, the number of customers making transactions in recent days has doubled compared to normal days. Branches have proactively increased human resources to serve transaction needs in the working days after Tet quickly and smoothly. Although deposit interest rates are maintained at a low level, the savings channel is still chosen by many people in the first months of the year. Agribank is also implementing the reward savings program "Happy Tet - Luxury car procession" with nearly 4,000 chances to win, with a total prize value of more than 18 billion VND, so it is of interest to many customers.

According to a report from the Provincial Statistics Department, capital mobilization in the entire province by the end of January 2024 was 120,470 billion VND, an increase of 660 billion VND (equivalent to an increase of 0.55%) compared to the beginning of the month and an increase of 9.28% compared to the same period in 2023. 

Many customers make transactions at bank after Tet holiday.

Many attractive incentive programs

On the occassion of the lunar new year, banks have launched many incentive programs to attract deposits after the Tet holiday. Accordingly, from February 10 to 29, individual customers who deposit online savings with a term of VND 100 million or deposit online into a savings book from VND 5 million at Sacombank will have the opportunity to receive lucky money of VND 68,000. This bank also gives lucky money of 50,000 VND when customers open or deposit money into Phu Dong savings account... MBBank applies a policy of giving lucky money of 50,000 VND to customers who deposit savings at the counter from 50 million VND (or equivalent foreign currency) with terms of 1, 2, 3 months. Customers who deposit savings at VPBank's counter with an amount of 50 million VND, for a term of 6 months or more receive a gift of 500,000 VND from the bank…
Besides lucky money in cash, some banks also apply lucky draw policies or give extra interest when depositing savings. For example, SHB offers an additional 0.08%/year preferential interest rate for customers who deposit online savings on the first working days after the Tet holiday. From now until March 4, customers who deposit from 10 million VND with a term of 1 month or more on the HDBank application and at the counter receive a code to participate in the lottery at the end of the period with a chance to win prizes as savings books worth up to 1 billion VND/book and thousands of other gifts. Some commercial banks apply higher deposit interest rates for customers depositing money at the beginning of the year with interest rates of about 3.5%/year (term 1 - 3 months), 4.7% - 5.1 %/year (6 - 12 month term) and 5.65%/year (18 month term)…

Mai Hoang
Translated by T.T