ABBank launches An Gia Savings to help customers build long-term finances

ABBank has launched An Gia Savings, a financial solution built around a simple proposition: customers can set their own long-term savings goals and manage the plan through the bank’s digital banking app.

Customers choose a target amount based on their income and family circumstances. Participation can last from one to 10 years, with a minimum initial payment of 50 million Vietnamese dong and monthly contributions starting at 5 million dong. ABBank says the arrangement is designed to preserve financial discipline while allowing customers to adjust their plans when their available funds change.

The accumulated money is divided between savings and investment according to the customer’s chosen ratio. The savings component offers a fixed 7% interest rate for the first year. The investment component is intended to increase the value of the funds, with ABBank’s partner committing to a fixed annual return rate.

The plan also includes health insurance benefits that do not deduct from the customer’s savings and investment funds. Depending on the selected plan, coverage can reach 150% of the accumulated principal balance, up to 30 billion dong. Hospitalization support can reach 3 million dong per day, capped at 180 million dong per year, with protection available until age 71.

Dan Ngoc Anh, director of ABBank’s personal banking division, said the product reflects a move from offering individual products to building solutions around customers’ long-term goals. He said the aim was to help customers turn future plans into action starting today.

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An Gia Savings reflects a shift in how the bank serves customers, from providing individual products to building solutions around long-term goals, accompanying customers as they turn their plans for the future into action starting today.