Save money smartly, the most important thing is timing

On the occasion of Tet,ACB offers customers super-affordable savings interest rates plus Lucky Money, which is a '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 with 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 deposits', 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 yearly bonuses, 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 Mrs. 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. For owners like me, the first priority now is to find a safe, profitable investment channel and ensure continuous circulation of cash flow."

Ms. N.Thuy sees Tet as a good time to save money for good luck and prosperity all year round: "I'm not a businessman, so I usually save money when I have free money. 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 compete 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 comes when you save at ACB, not only preferential interest rates but also lucky money

A common perception of customers is that safe investment channels will not have a high profit level, 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, Mr. Dan was surprised with a special preferential interest rate for only 3 months 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 to receive 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 good luck 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 depositing savings 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.

Before that, this bank also did not miss the hopeful New Year's Eve moment to give lucky money to millions of customers with the wishes "Big cash, big fortune", sending wishes 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