Which bank just increased interest rates, what is the highest savings deposit?

(NLDO) – Two banks have just increased interest rates for some terms, interest rates above 6% are not uncommon.

The Vietnam Banks Association (VNBA) updated report on individual deposit interest rates of 36 banks last week recorded stability. Of which, 7 banks adjusted interest rates, of which 5 banks decreased and 2 banks increased interest rates for some terms.

There are 3 banks that have reduced deposit interest rates both at the counter and online by 0.1-0.2 percentage points, including Bac A Bank , VPBank and Eximbank.

In particular, VPBank reduced 0.2% points for all terms from 3-36 months. Currently, customers who deposit 10 billion VND or more at VPBank will receive the highest interest rate of 5.5%/year for terms of 24-36 months.

On the other hand, HDBank increased sharply by 0.6 percentage points when customers deposit online for a 9-month term (both at the counter and online) to 5.2%/year at the counter and 5.3%/year. Currently, the highest rate at this bank is 6.1%/year for an 18-month term applied to customers depositing online.

Last week, 5 banks reduced and 2 banks increased deposit interest rates.

GPBank increased 0.2 percentage points for 1-3 month term to 3.45% - 3.55%/year. Currently, the highest interest rate at this bank is 5.95%/year for 13-36 month term when depositing online.

According to the reporter, it is not uncommon for customers to have a savings interest rate of over 6%/year for long-term deposits. Some banks apply sky-high interest rates but with conditions that are not easy to meet. For example, MSB applies a mobilization interest rate of 7% - 8%/year for customers depositing from 500 billion VND; HDBank has an interest rate of 7.7% - 8.1%/year for customers depositing from 500 billion VND or more...

Some banks such as PVcomBank offer interest rates of up to 9%/year with the condition that customers must deposit from 2,000 billion VND for a term of 12-13 months, applied at the counter. The highest recorded interest rate on the market up to this point is 9.65%/year when customers deposit at the counter, term of 13 months with an amount of 1,500 billion VND, at ABBank.

State Bank data shows that by mid-June, credit growth of the banking system was about 6.9% while new capital mobilization increased about 4%.

To meet the economy's increasing credit demand, a number of banks are actively implementing incentive programs to attract idle cash flow.

For example, BVBank has just launched a series of attractive incentives for customers who deposit savings, adding interest rates up to 0.4% when depositing savings in groups; adding bonus points to receive a refund of up to 150,000 VND. In addition, BVBank also continues to deploy online deposit certificates on digital bank Digimi with interest rates up to 6.15%/year.

Source: https://nld.com.vn/ngan-hang-nao-vua-tang-lai-suat-gui-tiet-kiem-cao-nhat-la-bao-nhieu-196250618175044759.htm