Monday, July 22, 2024
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Promoting better financial decisions

In its efforts to encourage their customers and investors to diversify their investment portfolios, Baiduri Bank has launched the ‘Broaden your financial horizons’ promotion.

The promotion that began on April 11 and will run until May 27, allows eligible customers to earn 1.20 per cent per annum interest rate for a 12-month fixed deposit with Baiduri Bank when investing an equivalent amount in unit trusts.

Customers who would like to take up the attractive fixed deposit offer will be required to invest in any of the unit trusts offered via Baiduri Bank and Baiduri Capital branches. The unit trusts are managed by major fund management companies including Allianz Global Investors, Blackrock, Franklin Templeton, Lion Global Investors, Manulife, Neuberger Berman, Phillip Capital and UOB Asset Management.

Baiduri Bank’s Head of Retail Banking Lim Kian Chiong said that the promotion encourages investors to start thinking about how they can diversify their current portfolios and venture into other savings and investment products the bank offers.

“With this promotion, we hope to encourage our customers, especially those who currently have savings and fixed deposit accounts with us to consider other investment products with longer investment horizons to take the next step in diversifying and growing their portfolios,” he said.

“We are inviting our customers to speak to our licensed financial planners and relationship managers to review their financial goals, and to assist them to make better decisions based on their individual risk profiles and risk appetites.

“By having those conversations, our customers can also get to know more about our comprehensive suite of products and services to suit their own investment goals in their journey to growing their wealth over the longer term.”