Interest rate hits new peak of 6.2%/year

Interest rate fluctuations 22.7: Interest rates hit a new peak of 6.2%/year. Photo design: Huyen Mai.

ABBank increased interest rates today

According to Lao Dong, on July 22, An Binh Commercial Joint Stock Bank (ABBank) issued a new interest rate schedule, recording alternating increases and decreases in some terms.

ABBank's online deposit interest rate table records the following changes:

The 1-month term interest rate remains at 3.2%/year.

The 3-month term interest rate increased by 0.1 percentage point to 4.1%/year.

6-month term interest rate decreased by 0.3 percentage points, at 5.3%/year.

The 9-month term interest rate decreased by 0.1 percentage point, to 5.7%/year.

12-month term interest rate increased by 0.2 percentage points, to 6.2%/year.

Interest rate for 18-36 month term is 5.7%/year.

New online deposit interest rate table updated at ABBank. Screenshot.

ABBank's counter deposit interest rates are currently listed as follows:

1-month term interest rate is 3.0%/year.

3-month term interest rate is 3.4%/year.

6-month term interest rate is 4.6%/year.

9-month term interest rate is 4.2%/year.

12-month term interest rate at 5.4%/year.

Interest rate for 18-36 month term is 5.5%/year.

Newly updated counter savings interest rates at ABBank. Screenshot.

Before the interest rate increase, ABBank was the leading bank with the highest interest rate for a 12-month term. After the interest rate increase, ABBank "broke the previous peak" with an interest rate of 6.2%/year.

Thus, ABBank became the 16th bank to increase interest rates since the beginning of July.

As of July 25, the market recorded 16 banks increasing interest rates including: NCB, Eximbank, SeABank, VIB, BaovietBank, Saigonbank, VietBank, MB, BVBank, KienLong Bank, PVcomBank, VPBank, PGBank, Sacombank, BIDV , ABBank.

Details of deposit interest rates at banks, updated on July 22, 2024