Savings interest rate exceeds 6% per year

Over the past two weeks, 14 banks have increased their interest rates by 0.1% to 1.3%, including MB, VIB, VPBank, Sacombank , ABBank, BVBank, BacABank, KLBank, Saigonbank, PVCombank, Vietbank, PGBank, and GPBank.

Among them, ABBank saw the biggest increase, with adjustments ranging from 0.6% to 1.3% for online deposits with terms of 3 months or more. Savings deposits with a 12-month term at this bank offer an interest rate of 6.2%, the highest in the system.

At other banks, interest rates of 6% or higher are only available if customers deposit money for long terms of 15-24 months, such as at SeABank , Oceanbank, NCB, and BVBank.

The wave of rising savings interest rates began to intensify from the beginning of April this year. At that time, the highest interest rate in the system for a 12-month term was only around 5% per year, but it has now risen to 6.2% per year. The number of banks offering interest rates of 5% or higher has also doubled, from 12 to 26 institutions.

According to data from the General Statistics Office, as of June 24th, capital mobilization by credit institutions increased by only 1.5% compared to the end of 2023 - the lowest increase in many years. Experts believe that the adjustment of savings interest rates aims to balance the returns from other investment channels such as USD and gold in recent times.

Meanwhile, credit growth, after surging to 6% at the end of June, has turned around and slowed slightly.

TB (according to VnExpress)

Source: https://baohaiduong.vn/lai-suat-tiet-kiem-vuot-6-mot-nam-388821.html