A Big4 has a move to reduce deposit interest rates in early March.

Vietnam Bank for Agriculture and Rural Development ( Agribank ) has just adjusted interest rates down for certain terms.

Accordingly, in the online interest rate table, Agribank adjusted the interest rate down by 0.2 percentage points to 3%/year for terms of 6-9 months. Similarly, the bank also adjusted the interest rate for terms of 24 months by 0.2 percentage points to 4.8%/year.

On the same day, Global Petroleum Commercial Joint Stock Bank (GPBank) also made a move to reduce online interest rates for 6-9 month terms.

Accordingly, the interest rate decreased by 0.2 percentage points to 4.25%/year for the 6-month term and to 4.35%/year for the 7-month term. For the 8-month term, GPBank adjusted the interest rate down by 0.15 percentage points to 4.4%/year. In addition, the bank reduced the interest rate for the 9-month term by 0.1 percentage points to 4.5%/year.

Asia Commercial Joint Stock Bank ( ACB ) has also adjusted its online deposit interest rates down. Specifically, the bank has reduced the interest rates for 1-2 month terms by 0.2 percentage points to 2.5% and 2.6% per year, respectively.

The bank also reduced its interest rate by 0.1 percentage point to 3.9% per year for the 9-month term. The deepest reduction at ACB was 0.4 percentage point to 2.8% per year for the 3-month term.

Bao Viet Commercial Joint Stock Bank (BaoViet Bank) also reduced its deposit interest rates for terms from 1-13 months. In the online deposit interest rate table of this bank, the interest rate has been adjusted down by 0.2 percentage points to 3.3%/year for terms of 1-2 months. For interest rates for terms of 3 months, the bank adjusted down by 0.3% to 3.55%/year, and for terms of 4-5 months, it decreased by 0.2 percentage points to 3.4%/year.

Similar to the 1-2 month term, BaoViet Bank also reduced the interest rate by 0.2 percentage points for the 4-5 month and 6-11 month terms. Specifically, the interest rate for the 4-5 month term is 3.4%/year. The interest rate is 4.6%/year for the 6 month term, 4.65%/year for the 7-8 month term and 4.7%/year for the 9-11 month term.

The bank reduced the interest rate to 5%/year for a 12-month term. The interest rate also decreased slightly by 0.1 percentage point to 5.2%/year for a 13-month term.

Saigon Commercial Joint Stock Bank (SCB) has also just adjusted its deposit interest rates for terms from 12-36 months. SCB has sharply reduced by 0.5 percentage points to 4.05%/year. This is also the highest deposit interest rate at SCB but the lowest in the market today.

Previously, on March 4, two banks, PGBank and BVBank, started to lower deposit interest rates in March. Thus, since the beginning of March until now, a total of six banks have adjusted deposit interest rates down, including: PGBank, Agribank BVBank, GPBank, ACB, BaoViet Bank .

Source: https://www.nguoiduatin.vn/mot-big4-co-dong-thai-giam-lai-suat-huy-dong-dau-thang-3-a652578.html