Savings interest rates continue to fall

For terms from 1 month to less than 6 months, the interest rate is 3.1-4%/year; for terms from 6-12 months, it is 4.5-5.4%/year; for terms from 12 months to 24 months, it is 4.8-6%/year; for terms over 24 months, it is 6.9-7.1%/year.

Deposit interest rates have decreased compared to the end of 2024. Photo: ST

USD deposit interest rates of credit institutions remain at 0%/year (applicable to deposits of both individuals and organizations).

The average lending interest rate of domestic commercial banks for new and old loans with outstanding debt is 6.7-9%/year.

The average short-term lending interest rate in VND for priority sectors is about 3.9%/year, lower than the maximum short-term lending interest rate prescribed by the State Bank (4%/year).

The average USD lending interest rate of domestic commercial banks for new and old outstanding loans is 4.2-5%/year.

Thus, since the beginning of March, 23 banks have reduced their deposit interest rates. Meanwhile, lending interest rates have decreased by 0.8% compared to the beginning of the year, a fairly strong decrease compared to the 1.4% decrease in interest rates for the whole year of 2024. However, many businesses still want to reduce interest rates further, especially medium- and long-term interest rates.

Source: https://hanoimoi.vn/lai-suat-tien-gui-tiet-kiem-tiep-tuc-giam-696810.html