An Binh Commercial Joint Stock Bank (ABBank) reduced deposit interest rates for the second time in March, with a reduction in interest rates for most deposit terms from today. Previously, on March 3, ABBank just reduced deposit interest rates.
According to the online deposit interest rate table recently announced by ABBank, the 1-month term deposit interest rate remains at 3%/year. Interest rates for remaining terms are adjusted downward.
Specifically, the 2-month bank interest rate decreased by 0,1 percentage point, to 3%/year. Interest rates for terms of 3-5 months decreased by 0,2 percentage points, to 3%/year.
ABBank reduced the interest rate for 0,3-month term deposits by 6 percentage points, to 4,3%/year. This is also the highest deposit interest rate at ABBank at the present time.
Mobilization interest rates for the remaining terms, from 7-60 months, simultaneously decreased to 4,1%/year. To reduce to this level, interest rates for 7-8 month terms have decreased sharply by 0,4 percentage points, 9-12 month terms decreased by 0,1 percentage points and 13-60 month terms decreased by 0,3 percentage points. hundred.
ABBank is also the only bank that adjusted deposit interest rates today. Since the beginning of March, there have been 3 commercial banks reducing deposit interest rates including: PGBank, BVBank, BaoViet Bank, GPBank, ACB, Agribank, VPBank, PVCombank, Dong A Bank, MB, Techcombank, NCB, KienLong Bank, Agribank, SCB, Saigonbank, BIDV, Sacombank, ABBank, SeABank, CBBank, OceanBank, TPBank, VietinBank, VIB.
Among them, BaoViet Bank, GPBank, PGBank, Techcombank, ACB, ABBank have reduced deposit interest rates twice since the beginning of the month. BVBank reduced interest rates 2 times in March.
On the contrary, 5 banks increased deposit interest rates at some terms: SHB, Techcombank, Saigonbank, Eximbank, VPBank.
| HIGHEST DEPOSIT INTEREST IN BANKS JULY 28 (%/year) | ||||||
| BANK | 1 MONTHS | 3 MONTHS | 6 MONTHS | 9 MONTHS | 12 MONTHS | 18 MONTHS |
| VIETBANK | 3,1 | 3,5 | 4,6 | 4,8 | 5,3 | 5,8 |
| OCB | 3 | 3,2 | 4,6 | 4,7 | 4,9 | 5,4 |
| HDBank | 2,95 | 2,95 | 4,6 | 4,4 | 4,8 | 5,7 |
| NCB | 3,3 | 3,5 | 4,55 | 4,65 | 5 | 5,5 |
| NAM A BANK | 2,9 | 3,4 | 4,5 | 4,8 | 5,3 | 5,7 |
| VIETNAM BANK | 3,1 | 3,4 | 4,5 | 4,5 | 5 | 5,3 |
| ABBANK | 3 | 3 | 4,3 | 4,1 | 4,1 | 4,1 |
| BAOVIETBANK | 3 | 3,25 | 4,3 | 4,4 | 4,7 | 5,5 |
| PVCOMBANK | 2,85 | 2,85 | 4,3 | 4,3 | 4,8 | 5,1 |
| DONG A BANK | 3,3 | 3,3 | 4,3 | 4,5 | 4,8 | 5 |
| SHB | 2,8 | 3 | 4,2 | 4,4 | 4,9 | 5,2 |
| KIENLONGBANK | 3 | 3 | 4,2 | 4,6 | 4,8 | 5,3 |
| BAC A BANK | 2,8 | 3 | 4,2 | 4,3 | 4,6 | 5,1 |
| VPBank | 2,4 | 2,7 | 4,2 | 4,2 | 4,5 | 4,5 |
| BVBANK | 2,85 | 3,05 | 4,05 | 4,35 | 4,65 | 5,25 |
| LPBANK | 2,6 | 2,7 | 4 | 4,1 | 5 | 5,6 |
| PGBANK | 2,6 | 3 | 4 | 4 | 4,3 | 4,8 |
| VIB | 2,5 | 2,8 | 4 | 4 | 4,8 | |
| CBBANK | 3,1 | 3,3 | 4 | 3,95 | 4,15 | 4,4 |
| GPBANK | 2,3 | 2,82 | 3,95 | 4,2 | 4,65 | 4,75 |
| OCEANBANK | 2,6 | 3,1 | 3,9 | 4,1 | 4,9 | 5,2 |
| EXIMBANK | 3,1 | 3,4 | 3,9 | 3,9 | 4,9 | 5,1 |
| MSB | 3,5 | 3,5 | 3,9 | 3,9 | 4,3 | 4,3 |
| SAIGONBANK | 2,3 | 2,5 | 3,8 | 4,1 | 5 | 5,6 |
| TPBANK | 2,5 | 2,8 | 3,8 | 4,7 | 5 | |
| SACOMBANK | 2,3 | 2,7 | 3,7 | 3,8 | 4,7 | 4,9 |
| TECHCOMBANK | 2,25 | 2,55 | 3,65 | 3,7 | 4,55 | 4,55 |
| MB | 2,2 | 2,6 | 3,6 | 3,7 | 4,6 | 4,7 |
| ACB | 2,3 | 2,7 | 3,5 | 3,8 | 4,5 | |
| SEABANK | 2,7 | 2,9 | 3,2 | 3,4 | 3,75 | 4,6 |
| BIDV | 1,8 | 2,1 | 3,1 | 3,1 | 4,7 | 4,7 |
| SCB | 1,65 | 1,95 | 3,05 | 3,05 | 4,05 | 4,05 |
| VIETINBANK | 1,7 | 2 | 3 | 3 | 4,7 | 4,7 |
| VIETCOMBANK | 1,7 | 2 | 3 | 3 | 4,7 | 4,7 |
| AGRIBANK | 1,6 | 1,9 | 3 | 3 | 4,7 | 4,7 |
Last week, the State Bank withdrew a net of VND 69.700 billion on the open market through the bill channel (term 28 days, average interest rate 1,43%). Since the SBV sold bills again on the open market, the SBV has absorbed a net of VND 144.697 billion.
Also last week, interbank interest rates for overnight, 1-week, and 2-week terms decreased by 0,66%; 0,62%; 0,25% to 0,13%; 0,48%; 1,18%.
However, according to the latest data from the State Bank, interbank interest rates have rebounded. At the overnight term, the interest rate increased to 0,32%/year.
Along with that, interbank interest rates for other key terms also increased sharply. 1-week term increased from 0,48% to 1,38%; 2-week term increased from 1,18% to 1,87%; 1 month term increased from 1,58% to 2,29%.
