Online savings trends

Optimal choice

Instead of having to go to the counter, bringing cash with many risks, many customers now choose the flexible form of online savings. Ms. Tran Phuong Linh, Y La ward ( Tuyen Quang city) said: "I often transact on the Mobile Banking application, so I researched and chose to save online. Compared to saving at the counter, this form of saving helps me enjoy higher interest rates, when the maturity date comes, the principal and interest are automatically transferred to the account. I can also monitor the balance, check the interest rate, close and continue to save right on my phone, so financial control is easy."

As a business household, customers buying goods at Ms. To Thi Ly's family store in Minh Xuan ward often transfer money and scan QR codes to pay. Therefore, instead of withdrawing money and going to the bank to open a savings account, in the past 2 years, Ms. Ly has chosen to save money online. Ms. Ly said: "Previously, I often left money for a whole week because I was busy with business and could not go to the bank to deposit. Since switching to using an account and saving via phone, I find it more convenient, simpler and safer than before. I can also open a book at home, withdraw monthly interest, the deposit steps are very simple and quick."

BIDV Tuyen Quang Bank staff instruct customers on how to use digital banking.

Online savings are considered by many customers to be the optimal choice. In addition to saving large amounts of money with deposit terms according to bank regulations, customers can divide the amount of money to deposit more into the savings account at any time without being limited by the number of deposits. In particular, the amount of interest generated will increase after each time the customer deposits more money into the account, thereby maximizing the benefits from the savings deposit. This form can increase the profitability of small amounts of money lower than the usual minimum savings deposit level...

Added benefits

The province currently has 8 commercial banks and over 50 branches and transaction offices. Implementing the Government 's cashless policy and promoting the development of digital banking applications, in recent times, banks have encouraged customers to save online. Banks are constantly upgrading technology in a simple and convenient way to help customers use it easily; applying advanced security technologies such as multi-factor authentication, biometric passwords, data encryption according to standards... to ensure absolute security and safety for users. Banks also provide many product packages for customers to choose from such as: paying interest on savings at the end of the term, paying interest on savings periodically every month/quarter; preferential interest rates on deposits...

Ms. Nguyen Minh Trang, Head of Customer Service Department, SHB Tuyen Quang Bank Branch said: “The reason why online deposit interest rates are 0.4-0.8% higher per year than counter interest rates is because this form helps banks significantly reduce operating costs, operations, printing physical books and documents.

Compared to traditional savings, online savings are more secure and safe. After completing the transactions, the savings amount on the customer's app will be blocked, so customers can be completely assured. All online transactions are performed by the account owner himself, and cannot be faked like paper books; personal information is encrypted, stored and secured; transactions are authenticated through many steps and controlled on the system, so customers do not have to worry about losing or misplacing their savings books.

Through review, customers using online savings services are mainly young people, proficient in technology or people under 50 years old. At BIDV Tuyen Quang, currently about 5.5% of customers use online savings. The capital mobilized through online forms reached nearly 300 billion VND, accounting for nearly 7.6% of the total capital mobilized from the population of the branch.

Mr. Hua Thanh Tung, Head of Personal Customer Department, BIDV Tuyen Quang said: “Digital banking has become an inevitable development trend of credit institutions in the digital age. BIDV always improves digital financial products to bring new experiences to customers. When saving online at BIDV, customers enjoy interest rates 0.3 - 0.5% higher per year than saving at the counter.

The bank also flexibly withdraws savings such as withdrawing part or all of the savings, helping customers to be proactive in their financial resources. Customers choosing to deposit savings online also creates convenience for the bank such as reducing transaction overload at the counter and reducing intermediary costs. This is the basis for the bank to continue to reduce lending interest rates, supporting the economy in the context of many difficulties and challenges.

Although online savings is very convenient, customers should also pay attention to choosing a reputable bank with a good security system; do not access websites with strange links or without security certificates. Customers should absolutely not disclose their bank account information or password to anyone and should divide their money into many savings books or deposit it in many different banks to enjoy incentives.

With many advantages of online savings, users should start with this financial transaction habit because of its flexibility, initiative while still ensuring maximum profitability. This is also the optimal solution to help customers accumulate to ensure financial stability in the future.

Source: https://baotuyenquang.com.vn/xu-huong-tiet-kiem-online-211936.html