In an era where personal finance is increasingly emphasized, financial experts consider establishing a reserve fund an essential step. This becomes particularly relevant for large, lump-sum payments like Tet bonuses. Many people wonder how to make this bonus both effectively profitable and readily available for shopping, home renovations, or investment plans, without being tied down by fixed-term savings.

Customers are advised on the iDepo smart savings solution. Photo: VIB

To address this challenge, users can utilize the iDepo smart savings product directly on the MyVIB digital banking application. This product helps users build reserve funds, harmoniously combining two crucial elements: profitability and flexibility. Instead of having to break a contract when capital is needed, iDepo allows owners to transfer their entire deposit to someone else.

This mechanism ensures the full preservation of accumulated interest. Users can quickly recover capital to meet needs such as medical expenses, home repairs, or to seize short-term investment opportunities without sacrificing profits. The entire process, from depositing and monitoring to transferring, is conducted 100% online via the MyVIB application, offering maximum autonomy and convenience.

iDepo can help users build reserve funds, harmoniously combining two elements: profitability and flexibility. Photo: VIB

Regarding profitability, iDepo offers competitive interest rates, up to 7,4% per year, depending on the customer segment and prevailing policies. The product has terms of 24 or 36 months, but thanks to its transferability feature, users can still consider it a solution for shorter-term financial goals. Interest is paid periodically once every one, three, or six months, creating a steady cash flow that helps increase the value of the reserve fund over time.

With a minimum denomination of 50 million VND, iDepo is suitable for a wide range of customers. This includes young individuals starting their savings journey, families aiming to build an education fund for their children, and investors needing a secure place for temporary cash flow to "rest".

"Operating entirely on a digital platform allows users to easily manage assets anytime, anywhere, while monitoring contract status and executing transparent, secure transactions," a VIB representative stated.

To enhance the value of year-end cash flow, instead of consolidating all accumulated money into a single deposit, users can allocate it into various iDepo accounts, each corresponding to a specific financial goal. This approach ensures each reserve fund has an appropriate usage time and interest payment method, while also fostering proactive cash flow management.

When a need arises, users can choose to transfer the necessary iDepo amount for use, while the remaining amounts continue to generate profit as planned.

Sharing her experience, Lan Anh, 35, living in Ha Noi, said that after years of habitual saving, she began adjusting her personal financial management late last year. "I decided to divide my money into three iDepo accounts: a plan for having another child, summer travel, and a flexible fund for unexpected events. When a need arises, I will handle it by transferring. For me, this product not only offers superior interest rates but also gives me a sense of control over my cash flow," Lan Anh stated. This Tet season, VIB launched the "Send Love - Welcome Togetherness" incentive program for iDepo customers, encouraging proactive financial planning for the new year.

Accordingly, from now until 12/2, customers who make new deposits or receive iDepo transfers with a 24 or 36-month term will receive Tet gifts based on the transaction value. In the subsequent phase, from 13/2 to 28/2, eligible iDepo transactions will receive an 88.000 VND cashback directly into their payment accounts.

A VIB representative shared that when bonuses and accumulated funds are strategically positioned, they become part of a long-term financial strategy, fostering peace of mind for the new year.

Thanh Thu