(NLDO) – The highest interest rate at the two "big" banks is 4.8%/year for a long term of 24 months.
Today's interest rate table on December 3 at Vietcombank shows that the interest rate for a 1-2 month term is 1.6%/year; for a 3 month term is 1.9%/year. If you deposit for a longer period, such as a 12 month term, the interest rate is 4.6%/year and the highest is 4.7%/year when customers deposit for 24 months. These interest rates have not changed in recent days.
Another banking giant, VietinBank, is also mobilizing interest rates at a fairly low level, such as 1-2 month terms, the interest rate is only 1.7%/year; 3-5 months is 2%/year and 12 months is 4.7%/year. The highest mobilization interest rate at VietinBank is 4.8%/year when customers deposit savings for 24 months or more.
If a customer has a savings deposit of 2 billion VND, depositing it at VietinBank for a 12-month term and receiving interest at the end of the term, it will be 2.094 billion VND. Calculated as 7.83 million VND per month.
Also, if you deposit 2 billion VND in Vietcombank for a 12-month term and receive interest at the end of the term, you will receive 2.092 million VND. The monthly interest on the deposit is 7.66 million VND.
Among the four "big" state-owned commercial banks, only Agribank increased its deposit interest rates, while Vietcombank, BIDV, and VietinBank have not made any recent changes.
The highest interest rate today at VietinBank is 4.8%/year for customers with long-term savings deposits of over 24 months.
Statistics from Maybank Securities Company show that deposit interest rates (12-month interest rates) fell to a record low in the first quarter of 2024 and began to increase again by about 0.6 percentage points from the bottom of the first quarter of the year. This increase was mainly driven by joint-stock commercial banks, while state-owned commercial banks still maintained low deposit interest rates.
A notable development is that despite low input interest rates, the deposit growth rate at banks such as BIDV and VietinBank is still higher than the general level.
By the end of the third quarter of 2024, BIDV's capital mobilization growth rate was 9.9% while at VietinBank it was 7.5%.
The latest data on customer deposits at credit institutions by September 2024 announced by the State Bank shows that deposits from economic organizations reached more than VND 7.07 million billion, up 3.43%; deposits from residents reached more than VND 6.95 million billion, up 6.5% compared to the end of last year.
Maybank experts forecast that interest rates may increase in the next 12 months and the level of increase in deposit interest rates will depend on the trend of interbank interest rates and credit growth rate.
Source: https://nld.com.vn/lai-suat-hom-nay-3-12-gui-2-ti-dong-o-vietcombank-vietinbank-lai-cao-nhat-bao-nhieu-196241203085515266.htm
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