The bank unexpectedly lowered interest rates.
According to Lao Dong newspaper, on August 4th, An Binh Commercial Joint Stock Bank (ABBank) unexpectedly reduced savings interest rates, lowering them by 0.2-0.3 percentage points across most online deposit terms.
ABBank's online deposit interest rate schedule has been updated as follows:
Interest rates for 1-month terms remain unchanged at 3.2% per annum.
Interest rates for 3-month terms decreased by 0.1 percentage point, to 4.0% per annum.
Interest rates for 6-month terms decreased by 0.3 percentage points, to 5.3% per annum.
Interest rates for 9-month terms decreased by 0.2 percentage points, to 5.5% per annum.
Interest rates for 12-month terms decreased by 0.2 percentage points, to 6.0% per annum.
Interest rates for 18-36 month terms remain unchanged at 5.7% per annum.
Despite a significant reduction in interest rates, ABBank remains the top-ranked bank with the highest interest rate for a 12-month term.
ABBank's over-the-counter deposit interest rates remain unchanged and are currently listed as follows:
The interest rate for a 1-month term is 3.0% per annum.
The interest rate for a 3-month term is 3.4% per annum.
The interest rate for a 6-month term is 4.6% per annum.
The interest rate for a 9-month term is 4.2% per annum.
The interest rate for a 12-month term is 5.4% per annum.
Interest rates for terms of 18-36 months are at 5.5% per annum.
Since the beginning of August, the market has seen seven banks increase interest rates, including: Eximbank,ACB , Agribank, Sacombank, Saigonbank, VietBank, and TPBank.
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Details of deposit interest rates at various banks, updated August 4, 2024.
Source: https://laodong.vn/kinh-doanh/bien-dong-lai-suat-48-bat-ngo-voi-bien-dong-trai-chieu-1375761.ldo
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