A series of banks sharply increased deposit interest rates

Many banks sharply increased deposit interest rates in the last months of the year (illustrative photo)

The wave of interest rate adjustments by many banks continued to increase on December 5, in which, Global Petroleum Commercial Joint Stock Bank (GPBank) increased its deposit interest rate to the highest level in the market, with 6.35%/year for a term of 13-36 months.

GPBank adjusted the interest rate to increase by 0.3%/year for deposits with terms from 1-36 months. After the adjustment, the interest rate for 1-month term reached 3.7%/year, 6-month term increased to 5.55%/year, and 12-month term increased to 6.25%/year. In particular, the interest rate for 13-36-month term increased to 6.35%/year, putting GPBank in the group of banks with the highest deposit interest rates today.

Interest rates of other banks also record attractive savings interest rates, especially for long terms, but with special conditions attached.

Of which, PVcomBank applies an interest rate of 9.5%/year for a 12-13 month term with the condition that customers deposit at least VND2,000 billion. HDBank applies an interest rate of 8.1%/year for a 13 month term with a minimum balance of VND500 billion.

MSB offers an interest rate of 8%/year for a 13-month term and 7%/year for a 12-month term, applicable to new savings accounts opened or automatically renewed from 2018 with deposits from VND500 billion.

Dong A Bank listed an interest rate of 7.5%/year for terms of 13 months or more with a minimum deposit of VND200 billion. Bac A Bank applied an interest rate of 6.25%/year for terms of 18-36 months with deposits of over VND1 billion.

In addition, some banks still maintain interest rates above 6%/year for long terms for customers who do not meet the large balance requirement. Specifically, IVB applies an interest rate of 6.5%/year for terms of 24 months or more; 6.3%/year for terms of 18 months; BVBank applies 6%/year for terms of 12 and 24 months; VRB and Dong A Bank also apply 6%/year for terms of 24 months; SaigonBank applies 6%/year for terms of 13, 18 and 24 months; 6.1%/year for terms of 36 months.

TB (summary)

Source: https://baohaiduong.vn/hang-loat-ngan-hang-tang-manh-lai-suat-huy-dong-399667.html