Receive Tet bonus, buy SJC gold or save online?

(NLDO) - Banks increase interest rates and launch a series of incentives to attract people to deposit savings during Tet.

On January 26 (ie 27th of Lunar New Year), Ms. Nhat Minh (living in District 1, Ho Chi Minh City) summarized her income for 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 risen to nearly 89 million VND/tael in the past few days. The stock market is still fluctuating until it is sold out before Tet holiday, so I did not choose to buy real estate, while my budget is not enough to buy real estate. I chose to save a few months after Tet to take advantage of the good interest rates" - 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 have their interest rates adjusted to increase to 6.3%/year, 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 close to Tet

BIDV has launched a series of incentive programs for customers transacting at the counter and online, with a total prize value of up to nearly 20 billion VND. Customers will have the opportunity to win a Vinfast VF7 car, receive 46,5000 physical 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 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 ring was 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 God of Wealth Day because the supply to the market is limited while people's demand for Tet gold increases, which will push up the price of SJC gold bars and gold rings. 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