At the beginning of 2024, Techcombank launched the “Automatic Profit” product on the Techcombank Mobile app, marking a breakthrough in the banking sector. Previously, the interest rate for demand deposits was only about 0.5% per year due to regulated interest rate controls. However, the new product allows customers to earn an interest rate of up to 3.6% per year while maintaining flexibility for transactions. This year, Techcombank introduced version 2.0 with an increased interest rate of 4.4% per year, developed in partnership with WealthCraft Company. WealthCraft will advise customers on optimizing deposit allocation to achieve the highest yield, with one solution being investment in certificates of deposit issued by Techcombank. WealthCraft, founded in 2010, was previously named VAM Advisors Corp and has moved its headquarters to Hanoi.
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