Sacombank has just increased online deposit interest rates, with an increase of 0.2-1%/year depending on the term and deposit amount.
After adjustment, the online savings interest rate for interest paid at the end of the term at Sacombank with terms of 1-5 months is simultaneously at 4.75%/year for all deposits.
Online savings interest rates for interest paid at the end of the term for deposits under 50 million VND with terms of 1-5 months are 4.75%/year, terms of 6-11 months are 6.7%/year, terms of 12-18 months are 6.9%/year, terms of 24-36 months are 7.2%/year.
For deposits from 50 million VND to under 200 million VND, the interest rate for terms of 1-5 months is 4.75%/year, the term of 6-11 months is 6.9%/year, the term of 12-18 months is 7.1%/year and the term of 24-36 months is 7.4%/year.
For deposits from 200 million VND to under 500 million VND, the interest rate for terms of 1-5 months is 4.75%/year, the term of 6-11 months is 7.1%/year, the term of 12-18 months is 7.3%/year and the term of 24-36 months is 7.4%/year.
Meanwhile, the interest rate applied to deposits from 500 million VND to under 1 billion VND includes: term 1-5 months is 4.75%/year, term 6-11 months is 7.3%/year, term 12-18 months is 7.5%/year and term 24-36 months is 7.8%/year.
The highest deposit interest rate at Sacombank is currently up to 8%/year, applied to deposits from 1 billion VND or more for terms of 24-36 months. For this customer group, the interest rate for terms of 1-5 months is 4.75%/year, the term of 6-11 months is 7.5%/year and the term of 12-18 months is 7.7%/year.
To date, 5 banks have adjusted interest rate schedules in May. Among them, VPBank reduced interest rates; Bac A Bank increased interest rates for 13-month terms; OCB increased interest rates for many terms; Saigonbank strongly increased online savings interest rates for 13-month terms from 7%/year to 7.9%/year, the bank also reduced deposit interest rates for terms from 7-11 months and from 18-36 months; Sacombank strongly increased online deposit interest rates by 0.2-1%/year, depending on the term and deposit amount.
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Interest rate information is for reference only and may change in each period. Please contact the nearest bank transaction point or hotline for specific advice.
Readers can refer to more articles about interest rates HERE.