To manage personal finances, many young people today turn to savings accounts as a part of their future security alongside other investments. To meet this need, CIMB Vietnam Bank has introduced the High Yield Smart Saving Account product.

The bank representative said that the Smart Deposit Account is designed to maximize profits from the balance in the Payment Account. This is done through the system automatically deducting the idle amount in the Payment Account to open a Smart Deposit Account for customers. The product applies an attractive interest rate of up to 4.75%, much higher than the interest rate on a regular Payment Account of only 0.3%.

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CIMB Bank's "Smart Deposit Account" product helps customers enjoy term deposit interest rates (Photo: CIMB)

In addition, customers can withdraw money from their Smart Deposit Accounts at any time when needed, ensuring flexibility in using their savings. The system automatically calculates which deposits need to be withdrawn (prioritizing withdrawal from the most recent deposit) to help customers optimize the interest on their Smart Deposit Accounts.

In order to save time and bring convenience to customers, registering to open a Smart Deposit Account is easily done online through the Octo by CIMB application, without having to go to a branch or transaction office, customers only need to register once and can customize according to their accumulation needs.

To celebrate the new product in its financial ecosystem, CIMB Vietnam said it will apply an attractive promotion program "New customers - Receive rewards up to 500K" from December 20, 2023 to March 20, 2024. When individuals register to open a Payment Account and Smart Deposit Account, they will receive a reward of 100,000 VND. In addition, customers will receive a 5x bonus if they have a total spending of 5 million within 30 days from the date of registration to open a Smart Deposit Account and CIMB Debit Card.

With its continuous efforts in innovation and providing quality products and services, CIMB Vietnam hopes that the Smart Deposit Account will open a new direction for smart savings and investment in the digital age. “This is a flexible and convenient savings product that helps individuals optimize profits from idle money. With competitive interest rates and smart withdrawal mechanisms, customers can maximize the profit potential from their deposits and thereby feel more secure when their financial goals are always taken care of and carefully planned,” shared a bank representative.

Doan Phong