With the main role in creating the interest rate level, 4 state-owned commercial banks including Agribank , Vietcombank, VietinBank, and BIDV are always the banks listed with the lowest mobilization interest rates in the market today. In which, mobilization interest rates at Vietcombank are always the lowest and most stable.
According to the online interest rate schedule currently applied by Vietcombank, the bank interest rate for 1-2 month terms is only listed at 1.6%/year.
This is considered the lowest term deposit interest rate on the market today. Even if you choose to receive interest in advance, customers will only receive an interest rate of 1.59%/year for a 1-month term online deposit.
The bank interest rate paid at the end of the term, 3-5 month term at Vietcombank is currently 1.9%/year for online deposits. This bank applies an interest rate of only 2.9%/year for deposits with terms from 6-11 months.
Vietcombank is listing online savings interest rates for 12 and 13-month terms at 4.6%/year (interest paid at the end of the term), and only 4.39%/year if customers choose to receive interest in advance.
The highest savings interest rate when saving online at Vietcombank is 4.7%/year, applied to customers who save for a 24-month term and receive interest at the end of the term. In case of receiving interest in advance, the interest rate will be 4.29%/year.
In the Big4 group, VietinBank and BIDV list quite similar interest rates.
Currently, both banks list online deposit interest rates for 1-2 month terms at 2%/year, 3-5 month terms at 2.3%/year, 6-11 month terms at 3.3%/year, and 12-18 month terms at 4.7%/year.
The difference in deposit interest rates between VietinBank and BIDV starts from the 18-month term. Currently, BIDV is maintaining an interest rate of 4.9%/year for online deposits with a term of 24-36 months, while VietinBank has long been leading the Big4 group by listing an interest rate of 5%/year for online deposits with these terms.
At Agribank, except for the 24-36 month term, the savings interest rates for the remaining terms listed by this bank are higher than those of the other 3 "big guys".
Specifically, Agribank is maintaining the online mobilization interest rate for a term of 1-2 months at 2.4%/year, a term of 3-5 months at 3%/year, a term of 6-11 months at 3.7%/year, a term of 12-18 months at 4.8%/year, and a term of 24-36 months with the highest mobilization interest rate of 4.9%/year.
Following the call for reduction of deposit and lending interest rates by the Prime Minister and the State Bank of Vietnam, most banks reduced deposit interest rates in late February and in March.
However, in April and May, the number of banks reducing deposit interest rates has gradually decreased. Up to now, only 4 banks have reduced deposit interest rates since the beginning of May, including: VPBank (twice), MB (twice), Eximbank (twice), and GPBank.
Source: https://baodaknong.vn/lai-suat-ngan-hang-hom-nay-30-5-lai-suat-huy-dong-big4-cao-nhat-5-nam-254078.html
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