Bank interest rates today 5.6: Banks increase interest rates

Tien Phong Commercial Joint Stock Bank (TPBank) has just slightly increased deposit interest rates on the digital banking channel for short terms. According to the electronic savings interest rate schedule, interest rates for terms of 1-3 months increased by 0.1 percentage points to 4.75%/year, equal to the ceiling level set by the State Bank for deposits under 6 months.

The remaining terms are kept unchanged, including: 6-9 month term at 6%/year; 12-18 month term 6.2%/year and 24-36 month term 6.3%/year.

For the LiveBank savings product, TPBank also increased the interest rate for terms of 1-3 months by 0.1 percentage points to 4.75%/year. Other terms remain unchanged at 6.05%/year for terms of 6-9 months, 6.25%/year for terms of 12-18 months and 6.35%/year for terms of 24-36 months.

Meanwhile, the deposit interest rate at the counter remains unchanged. Customers who deposit savings and receive interest at the end of the term enjoy interest rates of 4.2%/year for terms of 1-3 months, 5.5%/year for terms of 6 months, 5.7%/year for terms of 9 months, 5.9%/year for terms of 18 months and 6%/year for terms of 36 months.

Thus, TPBank is one of the few banks that has increased interest rates in recent days. Most recently, in the first days of June, LPBank adjusted to reduce deposit interest rates.

In May, the market recorded 10 banks adjusting deposit interest rates. Among them, ACB, VPBank, Sacombank, MB, MBV and LPBank reduced deposit interest rates; Bac A Bank increased interest rates for 13-month terms and quickly brought them back to the old level; OCB increased and then reduced interest rates for many terms; Saigonbank strongly increased online savings interest rates for 13-month terms to 7.9%/year but simultaneously reduced interest rates for terms of 7-11 months and 18-36 months; Nam A Bank increased deposit interest rates.

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