Dong A Bank increased interest rates, highest 7.5%/year
As noted by Lao Dong, on August 21, Dong A Commercial Joint Stock Bank (Dong A Bank) issued a new interest rate schedule, recording an increase of 0.3-0.5 percentage points at all terms.
The 1-month term interest rate increased by 0.3 percentage points, to 3.6%/year.
The 3-month term interest rate increased by 0.1 percentage point, to 3.6%/year.
The 6-month term interest rate increased by 0.4 percentage points, to 4.9%/year.
The 9-month term interest rate increased by 0.2 percentage points, to 4.9%/year.
The 12-month term interest rate is 3.6%/year.
Interest rates for 18-36 month terms increased by 0.5 percentage points, to 5.2%/year.
In addition, Dong A Bank currently still lists an interest rate of 7.5%/year for a 13-month deposit term with the condition that the deposit balance is from 200 billion VND.
As of August 21, the market recorded 15 banks increasing savings interest rates, including: Eximbank, ACB, Agribank, Sacombank, Saigonbank, VietBank, TPBank, CBBank, VIB, Dong A Bank, VPBank, Techcombank, SHB, VietBank , Dong A Bank.
However, since the beginning of August, the market has also had 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 21, 2024
