Eximbank reduces deposit interest rates from February 27

Vietnam Export Import Commercial Joint Stock Bank (Eximbank - HoSE: EIB) has just adjusted down the deposit interest rates for terms of 1-60 months from February 27.

Accordingly, the bank adjusted the interest rate down by 0.2-0.4%. Specifically, for non-term deposits, customers with an end-of-day balance of less than 5 million VND will enjoy an interest rate of 0.2%/year, customers with an end-of-day balance from 5 million VND to less than 100 million VND will enjoy an interest rate of 0.5%/year.

For term deposit interest rates, the interest rate is 2.7%-2.9%/year for terms from 1 month to 2 months, the interest rate for terms from 3 months is 3%/year and the interest rate is 3.3%/year for terms from 4-5 months.

The bank adjusted the interest rate to 3.8%/year for 6-9 month term; 4.5%/year for 10-11 month term. For 12 month term, the interest rate is 4.8%/year; 4.9%/year for 13 month term; 5%/year for 15 month. The interest rate for 24-36 month term at the bank is 5.1%/year.

The highest interest rate that Eximbank sets is for a 60-month term at 5.2%/year. In the online deposit interest rate table, the bank offers an interest rate 0.1%/year higher than the interest rate table at the counter.

Vietnam Prosperity Joint Stock Commercial Bank ( VPBank ) also previously adjusted the mobilization interest rate down from 0.4-0.6 percentage points at many terms. Specifically, the bank adjusted the interest rate down from 3-3.3%/year to 2.5-2.7%/year, at the 1-month term.

Banks reduced interest rates by 0.5-0.6 percentage points for 3-month terms to 2.7-2.9%/year. For 6-month and 9-month terms, interest rates were reduced from 4.2-4.6%/year to 4.2-4.4%/year. Deposit interest rates were reduced from 5%/year to 4.5-4.7%/year for 12-month terms.

For deposits of 50 billion VND or more, the applied interest rate is 4.7%/year. For deposits under 10 billion VND, the applied interest rate is 4.5%/year.

For 24-month and 36-month terms, VPBank has reduced interest rates from 5%/year to 4.6-4.8%/year. Deposits under VND10 billion have an interest rate of 4.6%/year. Deposits under VND50 billion have an interest rate of 4.7%/year. Customers depositing VND50 billion or more have an interest rate of 4.8%/year. For online deposit interest rates, VPBank has reduced them by 0.4-0.6%, 0.1% higher than at-the-counter deposits.

Thus, since the beginning of February until now, 22 banks have reduced deposit interest rates including: Techcombank,ACB , VIB, BVBank, KienLong Bank, NCB, Viet A Bank, SeABank, ABBank, Bac A Bank, PGBank, Sacombank, Dong A Bank, GPBank, MB, CBBank, VietBank, VPBank, LPBank, Sacombank, Eximbank. Of which, VIB and Eximbank are the banks that have reduced deposit interest rates 3 times since the beginning of February .

Source: https://www.nguoiduatin.vn/eximbank-giam-lai-suat-huy-dong-tu-ngay-27-2-a651474.html