19th Bank Increases Interest Rates in July
According to Lao Động, on July 30, Saigon - Hanoi Commercial Joint Stock Bank (SHB) issued a new interest rate schedule, recording an increase of about 0.2 percentage points, mainly for short-term deposits.
The online deposit interest rates currently listed by SHB are as follows:
The 1-month term interest rate increased by 0.2 percentage points, reaching 3.5% per year.
The 3-month term interest rate increased by 0.2 percentage points, reaching 3.6% per year.
The 6-month term interest rate is at 4.7% per year.
The 9-month term interest rate is at 4.8% per year.
The 12-month term interest rate is at 5.2% per year.
The 18-month term interest rate is at 5.5% per year.
Especially, the 36-month term interest rate reaches 6.1% per year.
The counter deposit interest rate schedule at SHB also recorded similar changes. For deposits under 2 billion VND, the interest rates currently applied by SHB are as follows:
The 1-month term interest rate is at 3.3% per year.
The 3-month term interest rate is at 3.4% per year.
The 6-month term interest rate is at 4.5% per year.
The 9-month term interest rate is at 4.6% per year.
The 12-month term interest rate is at 5.0% per year.
The 18-month term interest rate is at 5.2% per year.
The 36-month term interest rate is at 5.8% per year.
For deposits over 2 billion VND, SHB currently applies an interest rate about 0.1 percentage points higher for the terms.
Thus, since the beginning of July, 19 banks have increased interest rates including: NCB, Eximbank, SeABank, VIB, BaovietBank, Saigonbank, VietBank, MB, BVBank, KienLong Bank, PVcomBank, VPBank, PGBank, Sacombank, BIDV, ABBank, HDBank, Bac A Bank, SHB.
Notably, the interest rate market in June recorded many banks increasing rates above 6.0% per year such as: Bac A Bank, SHB, BVBank, SeABank, ABBank,...
(Refer to interest rate fluctuations at banks HERE)
Detailed deposit interest rate schedule at banks, updated on July 30, 2024
