Certificate of deposit is considered a long-term investment form with attractive interest rates, high level of safety and profitability.
In the recent time, some banks have even linked deposit certificates with the yields of government bonds, an equally safe investment market, in order to draw more customer attention.
In the past five years, the government bond market has developed strongly with continuous price increases and good liquidity, bringing great benefits to investors. Statistics of the National Financial Supervisory Commission (NFSC) showed that by the end of 2018, the size of the government bond market was about 27 percent of Gross Domestic Product (GDP). The government bond yields also tend to increase. Last year, the State Treasury mobilised about 160 trillion dong though the government bond channel.
An economic expert said that with the rapid development of the government bond market in recent years, the size and liquidity of the market are rising very fast. As a result, government bonds have gradually become an attractive investment channel, particularly for investors and organisations thanks to the high liquidity and capital preservation.
Grasping the trend of the market and the needs of customers, Maritime Commercial Joint Stock Bank (MSB) has recently launched a product that combines deposit certificates with government bond yield with the aim to attract investors.
According to MSB’s representative, the bank expects to bring the best benefits to customers. Loc Bao Phat certificate of deposita unique product linked with the government bond yields is a safe and profitable product.
When investing in Loc Bao Phat certificate of deposit, customers can feel secure because they do not have to worry about risks, capital loss if market declines, but can enjoy interest rates, and there is a chance to gain 30 percent higher profitability than normal savings while the investment capital is not very large (only from 100 million dong).
Customers will also be offered the highest interest rate applicable to one billion dong savings plus additional interest rate (if any) based on market fluctuations. Buyers of the deposit certificates can also flexibly choose their terms which range from six to 18 months, and can transfer the certificates to others when needed.
With the orientation to become one of the trustworthy bank, understand and bring the best experience to customers, MSB has constantly made efforts to produce new quality products and services, better meet customer demand in each segment. The bank has been recognised by many organisations and given many awards, including the Best Bond Award 2018 given by Vietnam Bond Market Association (VBMA) in the framework of the VBMA’s annual meeting held in mid-March 2019.
