Bank unexpectedly increases interest rates after 4 months
According to Lao Dong, on October 6, Loc Phat Commercial Joint Stock Bank (LPBank) issued a new interest rate schedule, recording a sharp increase of 0.3-0.6 percentage points for all terms.
LPBank's online deposit interest rate table records the following changes:
The 1-month Interest Rate increased by 0.5 percentage points to 3.9% per year.
The 3-month Interest Rate increased by 0.6 percentage points to 4.1% per year.
Interest Rate for 6-month term increased by 0.5 percentage points, to 5.2%/year.
Interest Rate for 9-month term increased by 0.4 percentage points, to 5.2%/year.
The 12-month Interest Rate increased by 0.5 percentage points to 5.6% per year.
Interest Rate for 18-36 month term increased by 0.3 percentage points, to 5.9%/year.
LPbank's counter deposit interest rate table recorded similar changes, currently listed as follows:
Interest Rate for 1 month term is 3.0%/year.
Interest Rate for 3-month term is 3.2%/year.
Interest Rate for 6-month term is 4.2%/year.
Interest Rate for 9-month term is at 4.2%/year.
Interest Rate for 12-month term is 5.3%/year.
Since the beginning of October, the market has had 3 banks increase interest rates: Bac A Bank, LPBank and Eximbank, all of which recorded significant increases. For example, Eximbank increased by 0.7% for terms of 18 and 36 months; Bac A Bank increased simultaneously for terms under 12 months, entering the top banks with the highest interest rates. LPBank also increased by 0.6% for all terms.
Details of deposit interest rates at banks, updated on October 6, 2024
