LPBank has just reduced deposit interest rates for all terms. For online deposits with interest paid at the end of the term, the 1-month term interest rate decreased by 0.3 percentage points to 4.4%/year; the 2-month term decreased by 0.1 percentage points to 4.6%/year; the 3-5 month term decreased by 0.1 percentage points to 4.65%/year.
The 6-month term decreased by 0.1 percentage points to 7%/year; the 7-11 month term decreased by 0.2 percentage points to 6.9%/year. The 13-18 month terms decreased by 0.1 percentage points to 7.15%/year.
The highest online interest rate at LPBank is currently 7.2%/year, applied to terms of 12, 24 and 25 months, after a decrease of 0.1 percentage points. The 36-month term decreased by 0.1 percentage points to 6.1%/year; the 48-60 month term decreased sharply by 0.5 percentage points, to 5.7%/year.
LPBank also reduces deposit interest rates at counters for both regular customers and priority customers.
For customers who usually receive interest at the end of the term, the interest rate for a 1-month term is 4.1%/year; 2-3 months 4.2%/year; 4-5 months 4.5%/year; 6 months 6.4%/year; 7-11 months 6.3%/year; 12-13 months 6.6%/year; 15-18 months 6.7%/year; 24-25 months 6.8%/year; 36 months 6.1%/year and 48-60 months 5.7%/year.
For priority customers, the highest interest rate at the counter is 6.95%/year, applied to terms of 24-25 months. The remaining terms include: 1 month 4.25%/year; 2-4 months 4.45%/year; 5 months 4.65%/year; 6 months 6.55%/year; 7-11 months 6.45%/year; 12-13 months 6.75%/year; 15-18 months 6.85%/year and 36 months 6.25%/year.
Meanwhile, VPBank has just updated the deposit interest rate schedule for individual customers, applied from August 7. The interest rate for deposits at the counter, receiving interest at the end of the term currently fluctuates from 4.45% - 6.1%/year, a sharp decrease in many terms compared to before.
VPBank divides deposits at the counter into 5 groups of limits: under 1 billion VND, from 1 billion VND to under 3 billion VND, from 3 billion VND to under 10 billion VND, from 10 billion VND to under 50 billion VND and from 50 billion VND or more. Deposits under 10 billion VND are applied the same interest rate for each term, while deposits from 10 billion VND or more have slightly higher interest rates.
For deposits under 1 billion VND, the interest rate for 1-2 month terms is 4.45%/year, down 0.3 percentage points; the 3-5 month term is 4.65%/year, down 0.1 percentage points. Notably, the 6-13 month term decreased from 8.4%/year to 6%/year, equivalent to a decrease of 2.4 percentage points; the 15-24 month term decreased from 7.8%/year to 5.8%/year, down 2 percentage points compared to July.
For deposits from 10 billion VND or more, the interest rate at the counter ranges from 4.45% - 6.1%/year, also significantly reduced compared to the previous month.
On the online channel, VPBank simultaneously reduced interest rates for many terms from August 7. The levels of 8.9% - 9%/year previously applied to some large deposits no longer appear, the highest interest rate is currently 6.3%/year.
Specifically, online deposits under 10 billion VND have an interest rate of 4.75% - 6.2%/year. For deposits from 10 billion VND or more, the interest rate ranges from 4.75% - 6.3%/year, a sharp decrease compared to the previous month.
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Readers can refer to more articles about interest rates HERE.
