GSB launches savings campaign with 100 million baht prize pool
In celebration of the Government Savings Bank (GSB)’s anniversary on April 1, the bank introduced the Save a Hundred, Win a Hundred Million campaign. Customers can participate by purchasing a one-year special savings bond with a minimum deposit of 100 baht.
GSB chief Witai Rattanakorn announced the initiative, which offers a total prize pool of 100 million baht. The highlight is a special prize of 70 million baht awarded to one lucky winner on July 16.
Additionally, there are 30 prizes of 1 million baht each to be drawn on May 16. Deposits for these savings bonds can be made from April 1 to July 15 at any GSB branch or via the MyMo app.
Upon the completion of the one-year term, savers will receive an interest rate of 0.20% per unit, alongside the chance to win the top prize of 10 million baht and numerous other monthly prizes. Notably, the interest and prize money are tax-exempt.
The bank is also offering a “lucky money” gift of 500 baht to babies born on April 1. This initiative aims to instill saving habits from birth. Parents of eligible newborns must present their child’s birth certificate, along with their ID card and household registration, at any GSB branch by December 30.
To further encourage saving habits among youth, GSB has launched the Smart Junior savings account. This product is designed for children and young people aged seven to 23, offering a special interest rate for consistent deposits and increased monthly balances, reported KhaoSod.
The interest rate starts at 0.50% per year, reaching up to 2.10% depending on the conditions, with a 30-month deposit term. Accounts can be opened with a minimum of 1 baht and a maximum of 100,000 baht at any GSB branch.
For more information, visit www.gsb.or.th or contact the GSB Contact Center at 1115.
In similar news, Parliament has unanimously approved, in principle, an amendment to the National Savings Fund (NSF) Act 2011, paving the way for a retirement lottery scheme aimed at boosting savings among elderly Thais. The initiative will allow the NSF to issue lottery tickets, with the goal of encouraging contributions and improving financial security for an ageing population.
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