PGBank sharply increased interest rates
As noted by Labor, on July 18, Prosperity and Development Commercial Joint Stock Bank (PGBank) issued a new interest rate schedule, recording an increase of up to 0.5 percentage points at some terms.
PGBank's deposit interest rate schedule records changes as follows:
The 1-month term interest rate remains unchanged at 3.2%/year.
The 3-month term interest rate increased by 0.2 percentage points, to 3.7%/year.
Interest rates for 6-9 month terms increased by 0.5 percentage points, to 5.0%/year.
The 12-month term interest rate increased by 0.2 percentage points, to 5.5%/year.
The 18-month term interest rate remains unchanged at 5.8%/year.
The 36-month term interest rate remains unchanged at 5.9%/year.
Thus, PGBank is the 13th bank to increase interest rates since the beginning of July. According to records, banks that have increased interest rates since the beginning of the month include: NCB, Eximbank, SeABank, VIB, BaovietBank, Saigonbank, VietBank, MB , BVBank, KienLong Bank, PVCombank, VPBank, PGBank.
Which bank has an interest rate above 8.0%?
In the market, there are currently 3 banks currently listing interest rates of over 8%/year for 12-13 month terms including MSB, HDBank and PVCombank.
Vietnam Maritime Commercial Joint Stock Bank - MSB currently lists an interest rate of 8.0%/year for a 13-month term with deposit conditions of VND 500 billion or more.
Ho Chi Minh City Development Commercial Joint Stock Bank - HDBank listed an interest rate of 8.1%/year for a 13-month term. Applicable to minimum savings of VND 500 billion or more.
Vietnam Public Commercial Joint Stock Bank - PVCombank currently has the highest interest rate; 9.5%/year at 12 month term, deposit conditions from 2,000 billion VND.
(See more banks with high interest rates HERE )
Details of savings interest rates at banks, updated on July 18, 2024
