Eximbank reverses trend to increase deposit interest rates

Vietnam Export Import Commercial Joint Stock Bank (Eximbank) has just made a move against the trend by adjusting the interest rate increase for short-term deposits.

Accordingly, in the bank's online deposit interest rate table, the 1-3 month term interest rate increased by 0.3%. Specifically, the interest rate is 3.1%/year for the 1-month term, 3.3%/year for the 2-month term and the 3-month term interest rate is 3.4%/year.

On the other hand, Vietnam Construction Commercial Joint Stock Bank (CBBank) has just become the next bank to continue the trend of reducing deposit interest rates by 0.5 percentage points across all terms in March.

In the bank's online interest rate table, the deposit interest rate has decreased to 3.1%/year for a term of 1-2 months, and to 3.3%/year for a term of 3-5 months. The interest rate is 4%/year for a term of 6 months, 3.95%/year for a term of 7-11 months and 4.15%/year for a term of 12 months.

Also today, Tien Phong Commercial Joint Stock Bank ( TPBank ) reduced deposit interest rates for the first time in 2 months.

In the online interest rate table, TPBank adjusted the interest rate down by 0.3 percentage points to 2.5%/year for a 1-month term. The interest rate for a 3-month term decreased by 0.2 percentage points to 2.8%/year. Similarly, for a 6-month term, the bank also adjusted the interest rate down by 0.2 percentage points to 3.8%/year.

TPBank also slightly reduced the interest rate for 12-month deposits by 0.1% to 4.7%/year. The bank kept the interest rate unchanged for 18-36-month terms. Accordingly, the interest rate for 18-month terms is 5%/year, 24-month terms is 5.1%/year and 36-month terms is 5.2%/year.

Similar to TPBank, Ocean Commercial Joint Stock Bank (OceanBank) also reduced its deposit interest rates for the first time in 2 months. The bank reduced interest rates by 0.2-0.5 percentage points for all terms.

In the online interest rate table at this bank, the interest rate has decreased to 2.6%/year for a 1-2 month term, 3.1%/year for a 3-month term, 3%/year for a 4-5 month term, 3.9%/year for a 6-7 month term, 3.8%/year for an 8-month term, 4.1%/year for a 9-11 month term, and 4.9%/year for a 12-15 month term.

The interest rate for the 18-36 month term is 5.2%/year. This is also the highest interest rate at OceanBank at the present time.

Thus, from the beginning of March until now, a total of 23 banks have reduced deposit interest rates, including: GPBank, Agribank, SCB, PVCombank, Techcombank, NCB, Saigonbank, ACB, Agribank, VPBank , KienLong Bank, PGBank, BVBank, BaoViet Bank, Dong A Bank, MB, BIDV, Sacombank, ABBank, SeABank, CBBank, OceanBank, TPBank .

Source: https://www.nguoiduatin.vn/eximbank-nguoc-chieu-tang-lai-suat-huy-dong-a655352.html