Interest rates of some banks are quite attractive.

Some joint stock commercial banks apply quite attractive interest rates to attract more deposits, have more capital to serve lending needs, which are expected to increase in the coming time.

According to the latest survey by reporters of Hanoi Moi Newspaper on June 12, the interest rate table at banks has not fluctuated much.

Among the group of state-owned commercial banks, also known as the "Big 4", the Vietnam Bank for Agriculture and Rural Development ( Agribank ) applies the highest mobilization interest rate in the group for short and medium terms.

Specifically, for a term of 1-2 months, Agribank applies an interest rate of 2.1%/year, while the remaining 3 banks apply 1.6%/year; for a term of 3-5 months, Agribank applies 2.4%/year, higher than the 1.9%/year of the banks in the group.

For a term of 6 - 11 months, Agribank applies an interest rate of 3.5%/year, exceeding the 2.9 - 3%/year at the remaining 3 banks; for a term of 12 months, Vietcombank is 4.6%/year, lower than the 4.7%/year of the remaining banks.

For terms of 24 months or more, Vietcombank applies an interest rate of 4.7%/year, while BIDV, VietinBank and Agribank apply 4.8%/year.

Customers transact at the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV). Illustrative photo.

For the group of joint stock commercial banks, in order to attract medium and long-term deposits, many banks have quite attractive deposit interest rates.

In particular, Cake by VPBank Digital Bank listed a rate of 6%/year for terms of 12 - 18 months and 24 - 36 months, with no minimum deposit required.

Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) applies an interest rate of 6%/year for an 18-month term; Vietnam Joint Stock Commercial Bank (BVBank) has an interest rate of 6.1%/year for a 60-month term.

Banks such as VietABank, Bac A Bank... list interest rates ranging from 6 - 6.2%/year for terms of 18 - 36 months.

The highest interest rate is 9.65%/year applied at some banks but the deposit conditions are high, such as An Binh Commercial Joint Stock Bank (ABBank) for deposits from 1,500 billion VND or more, with a term of 13 months.

Or like Vietnam Public Commercial Joint Stock Bank (PVcomBank) offers an interest rate of 9%/year for a term of 12 - 13 months, with a minimum deposit of 2,000 billion VND.

HDBank applies an interest rate of 8.1%/year for a 13-month term and 7.7%/year for a 12-month term with a minimum balance requirement of VND 500 billion.

Loc Phat Commercial Joint Stock Bank (LPBank) offers 3 interest rate options according to the form of interest payment: End of term 6.5%/year, monthly 6.3%/year and beginning of term 6.07%/year, for deposits from 300 billion VND.

Source: https://hanoimoi.vn/lai-suat-huy-dong-cua-mot-so-ngan-hang-kha-hap-dan-705325.html