Banks increase interest rates up to 6.1%/year
According to Lao Dong's record on September 26, Dong A Commercial Joint Stock Bank (Dong A Bank) issued a new interest rate schedule, increasing 0.1% for some terms.
The interest rate table at Dong A Bank is currently listed as follows:
Interest Rate for 1 month term is 3.8%/year.
Interest Rate for 3-month term is 4.0%/year.
Interest Rate for 6-9 month term is 5.2%/year.
Interest Rate for 12-month term is 5.8%/year.
Interest Rate for 18-36 month term increased to 6.1%/year.
In particular, at Dong A Bank, customers depositing for a term of 13 months with interest at the end of the term with a deposit of 200 billion VND or more: the interest rate applied is 7.5%/year.
After increasing interest rates, Dong A Bank has risen in the rankings of banks with the highest interest rates. For the 18-36 month term, Dong A Bank ranked 2nd with the highest interest rate, just after NCB with an interest rate of 6.15%/year.
For long-term deposits, OceanBank currently applies an interest rate of 6.1%/year for deposits with terms from 18 to 36 months; SHB applies it for deposits with terms of 36 months or more; Saigonbank for terms of 36 months and HDBank for terms of 18 months. Dong A Bank also applies a similar interest rate.
According to Lao Dong, since the beginning of September, there have been 12 banks in the market that have increased interest rates, including: Dong A Bank, OceanBank, VietBank, GPBank, Agribank, Bac A Bank, NCB, OCB, BVBank, PGBank, Nam A Bank.
Notably, two banks have increased interest rates consecutively since the beginning of the month, namely OceanBank and NCB.
Details of deposit interest rates at banks, updated on September 26, 2024
