Banks increase interest rates, highest up to 6.2%/year
According to Lao Dong, on September 24, Nam A Commercial Joint Stock Bank (Nam A Bank) issued a new interest rate schedule, increasing only for one term.
Nam A Bank's online deposit interest rate table records the following changes:
The 1-month Interest Rate increased by 0.3 percentage points to 3.8%/year.
Interest Rate for 3-month term is 4.1%/year.
Interest Rate for 6-month term is 5.0%/year.
Interest Rate for 9-month term is at 5.2%/year.
Interest Rate for 12-month term is 5.6%/year.
Interest Rate for 18-36 month term is 5.7%/year.
Nam A Bank's counter deposit interest rates are currently listed as follows:
Interest Rate for 1 month term is 3.6%/year.
Interest Rate for 3-month term is 3.9%/year.
Interest Rate for 6-month term is 4.7%/year.
Interest Rate for 9-month term is 5.0%/year.
Interest Rate for 12-month term is 5.3%/year.
Interest Rate for 18-36 month term is 5.6%/year.
In particular, Nam A Bank customers when depositing for a term of 24 months with interest at the end of the term, the deposit amount is less than 500 billion VND: apply the interest rate for a term of 23 months with interest at the end of the term. For deposits of 500 billion VND or more, the interest rate is 5.8%/year and is approved by the General Director.
Customers depositing for a term of 36 months with interest at the end of the term with a deposit of less than 500 billion VND: apply the interest rate of 35 months with interest at the end of the term. For deposits of 500 billion VND or more, apply the interest rate of 6.2%/year and be approved by the General Director.
According to Lao Dong, since the beginning of September, there have been 12 banks increasing interest rates in the market, including: Dong A Bank, OceanBank, VietBank, GPBank, Agribank, Bac A Bank, NCB, OCB, BVBank, PGBank, Nam A Bank. The main trend appearing in banks increasing interest rates is increasing short-term terms.
Details of deposit interest rates at banks, updated on September 24, 2024
