Savings interest rates increase

VTV.vn - At the end of October, banks simultaneously increased interest rates and launched large incentives to attract deposits in the context of a sharp increase in demand for medium and long-term capital at the end of the year.

Banks simultaneously increased interest rates and launched big incentives to attract deposits.

Accordingly, some banks have increased interest rates to between 5.6% and 6.1% per year for customers depositing less than 1 billion VND. Many joint stock commercial banks and foreign banks have also applied additional interest rates of 0.2-1.5% per year along with a series of gift incentives and lucky draws. According to experts, the fact that many banks simultaneously increased deposit interest rates in October reflects the increasing demand for medium and long-term capital, especially in the context of the year-end peak credit disbursement cycle and recovering purchasing power.

Since the beginning of October, 6 banks have increased their deposit interest rates, including: GPBank, NCB, Vikki Bank, Bac A Bank , VCBNeo, and HDBank. Of which, Bac A Bank has increased interest rates twice this month. In addition, a series of banks have applied preferential policies to attract customers. Including: VietinBank, Vietcombank, Vikki Bank, MB, Techcombank, VietBank...

The highest deposit interest rates at banks range from 6-9%/year.

The highest deposit interest rates at banks range from 6-9% per year. However, to enjoy this interest rate, customers must meet special conditions. PVcomBank applies a special interest rate of 9% per year for a 12-13 month term when depositing money at the counter. The condition is that customers must maintain a minimum balance of VND2,000 billion. HDBank applies an interest rate of 8.1% per year for a 13 month term and 7.7% per year for a 12 month term, with the condition of maintaining a minimum balance of VND500 billion. Vikki Bank applies an interest rate of 7.5% per year for deposits of 13 months or more, with a minimum amount of VND999 billion; Bac A Bank is applying the highest interest rate of 6.3% per year for terms from 18 to 36 months; 6.1%/year for 13-15 month term and 6%/year for 12 month term for deposits from 1 billion VND or more.

IVB applies an interest rate of 6.15% for a 36-month term, applicable to deposits of VND1,500 billion or more;ACB applies an interest rate of 6%/year for a 13-month term with interest paid at the end of the term when customers have a deposit balance of VND200 billion or more. At LPBank, with deposits of VND300 billion or more, the mobilization interest rate applied to customers receiving interest at the end of the term is 6.5%/year, monthly interest is 6.3%/year and interest paid at the beginning of the term is 6.07%/year. Viet A Bank applies an interest rate of over 6%/year for the Dac Tai Savings product. In which, the interest rate for 6-month term is 6.0%/year; 7-month is 6.1%/year; 12-month is 6.5%/year; 13-month is 6.6%/year; 15 months is 6.7%/year and 18 months reaches the highest rate of 6.8%/year. To participate, customers need to deposit at least 100 million VND and make transactions at the counter, with the form of receiving interest at the end of the term.

Source: https://vtv.vn/lai-suat-tiet-kiem-tang-10025102809293726.htm