Vietnam Public Joint Stock Commercial Bank (PVcombank) has just reduced the interest rate on VND savings by 0.3%/year for all terms, but the huge interest rate appearing in the bank's deposit interest table is up to 10.5%/year. Specifically, for the 12 and 13 month terms, PVcombank applies an interest rate of 10.5%/year for newly opened deposits of VND 2,000 billion or more; while deposits below this level have an interest rate of only 5.4%/year and 5.6%/year for the 12-month and 13-month terms, respectively. For the deposit term of 1-5 months, PVcombank applies an interest rate of 3.65%/year; 6-11 months is 5.3%/year; over 15 months is 5.7%/year...
PVcombank has a savings interest rate of 10.5%/year
Similarly, HDBank has a savings interest rate of 8.2 - 8.6%/year for 12 and 13-month terms. Specifically, the interest rate for 12-month term type 1 is 8.2%/year and for 13-month term type 1 is 8.6%/year applied to savings deposits of VND300 billion or more; deposits below this level have interest rates of 5.7 and 5.9%/year corresponding to the deposit term. For the remaining terms, HDBank reduced interest rates by 0.2%/year on November 14. Accordingly, the interest rate for 1 - 5 months is 3.35%/year; 6 months is 5.5%/year; 7 - 11 months is 5.4%/year; 15 months is 6.3%/year; 18 months is 6.4%/year, 24 - 36 months is 6.2%/year.
The most surprising thing is that ABBANK's interest rate has recently decreased by 0.2 - 0.4%/year for some terms and is lower than the interest rate of state-owned banks. Specifically, the interest rate for terms under 6 months is from 3.45 - 3.65%/year; 6 months is 4.4%/year; 7 - 11 months is 4.3%/year; 12 months is 4.2%/year; 15 months or more is 4.1%/year... Meanwhile, Vietcombank has the lowest interest rate at present at 2.6 - 2.9%/year for terms of 1 - 3 months; 6 - 9 months is 3.9%/year, but for the remaining terms, this bank still has higher interest rates than ABBANK. For terms of 12 months or more, Vietcombank mobilizes at 5%/year.
Some other banks have also recently reduced their deposit interest rates. For example, Cake by VPBank digital bank has reduced the VND deposit interest rate for terms under 6 months to 4.6%/year, 6-11 months to 5.9%/year, and 12 months or more to 6%/year.
Source link
Comment (0)