VietBank increased interest rates
As noted by Lao Dong, on August 20, Vietnam Thuong Tin Commercial Joint Stock Bank (VietBank) issued a new interest rate schedule, recording only an increase at one term.
VietBank's online deposit interest rate schedule is currently listed as follows:
The 1-month term interest rate is 3.6%/year.
The 3-month term interest rate is 3.8%/year.
The 6-month term interest rate increased by 0.3 percentage points, at 5.2%/year.
The 9-month term interest rate is 5.0%/year.
The interest rate for term 12 is 5.6%/year.
Interest rate for 24-36 month term is 5.9%/year.
After the interest rate increase, VietBank is among the top banks paying the highest interest rate at the 6-month term.
VietBank's over-the-counter deposit interest rate schedule is currently listed as follows:
The 1-month term interest rate is 3.5%/year.
The 3-month term interest rate is 3.7%/year.
The 6-month term interest rate is 4.8%/year.
The 9-month term interest rate is 4.9%/year.
The 12-month term interest rate is 5.5%/year.
Interest rate for 24-36 month term is 5.8%/year.
Savings interest rates increase and decrease
According to Lao Dong's records, by the end of the first half of August, the market recorded 14 banks increasing savings interest rates. Compared to the same period two months ago, nearly 20 banks increased interest rates in just half a month.
Banks that have increased savings interest rates since the beginning of August include: Eximbank, ACB, Agribank, Sacombank, Saigonbank, VietBank, TPBank, CBBank, VIB, Dong A Bank, VPBank, Techcombank, SHB, VietBank.
However, a few banks have rekindled interest rate cuts. Since the beginning of August, the market has recorded up to 3 banks adjusting "upstream" to reduce interest rates. Accordingly, the banks that reduced interest rates were mostly banks that previously had the second highest interest rates in the market such as ABBank, Bac A Bank, and SeABank.
(See more high interest rates HERE )
Details of deposit interest rates at banks, updated on August 20, 2024
