Bao Viet Commercial Joint Stock Bank (BaoViet Bank) has reduced deposit interest rates for terms from 6-36 months from today. Deposit interest rates for terms from 6-11 months have dropped to below 6%/year.
Interest rate for 6-month deposits decreased by 0.3 percentage points to 5.8%/year; for 7-8 month deposits, it decreased to 5.85%/year.
Meanwhile, the interest rate for 9-month deposits was adjusted down by 0.4 percentage points to 5.9%/year. This is also the reduction for 10-11-month deposit interest rates after being reduced to 5.8%/year.
According to the old interest rate schedule, online deposits with terms from 12 to 36 months were listed at 6.5%/year. However, the new interest rate schedule has differentiated between terms. The interest rate for 12-month terms has decreased to 6.1%/year, for 13-month terms to 6.2%/year, and for 15-36-month terms, the current interest rate is 6.4%/year.
Also today, Vietnam Technological and Commercial Joint Stock Bank ( Techcombank ) continued to adjust down deposit interest rates for terms from 1 to 36 months.
According to the online interest rate table for newly opened deposit accounts under 1 billion VND, the 1-3 month term decreased by 0.1 percentage point to only 3.55%/year. The 4-5 month term also decreased similarly to 3.75%/year.
For 6-8 month term deposits, Techcombank reduced 0.2 percentage points, thereby bringing the mobilization interest rate for this term to only 4.95%/year for the first time.
Online deposit interest rates for terms of 9-11 months were also reduced by 0.2 percentage points by this bank to 5%/year.
Bank interest rates for online deposits with terms of 12-36 months decreased by 0.1 percentage points and are currently at 5.35%/year.
For deposits from 1 billion VND to less than 3 billion VND and from 3 billion VND or more, customers will receive an additional 0.05%/year compared to the previous deposit amount.
In addition, Techcombank adds 0.3%/year to the first deposits. Therefore, the highest interest rate at this bank can be up to 5.9%/year.
On the same day, SeABank announced a new interest rate schedule with changes in terms from 1 to 36 months. Accordingly, bank interest rates for deposits with terms of 1 to 5 months simultaneously decreased sharply by 0.5 percentage points to 4%/year.
Online deposit interest rates for 6-9 month terms have all dropped to below 5% after a sharp decrease of 0.4 percentage points. Currently, the 6-month deposit interest rate is only 4.8%/year, the 7-month term is 4.85%/year, the 8-month term is 4.9%/year and the 9-month term interest rate is 4.95%/year.
Interest rates for the remaining terms decreased by 0.4 percentage points. The 10-month term is 5%/year, the 11-month term is 5.05%/year, the 12-month term is 5.1%/year, the 15-month term is 5.05%/year, the 18-month term is 5.1%/year, the 24-month term is 5.15%/year and the 36-month term has the highest interest rate of 5.2%/year.
Since the beginning of October, 13 banks have reduced deposit interest rates, including: BaoViet Bank, Techcombank, SeABank, Viet A Bank, PG Bank, VietBank, Dong A Bank, Vietcombank, LPBank, Nam A Bank, CBBank, ACB and Bac A Bank.
Meanwhile, there was a bank that increased deposit interest rates, GPBank, on October 4.
HIGHEST DEPOSITS INTEREST RATE TABLE ON OCTOBER 9 (%/year) | ||||||
BANK | 1 MONTH | 3 MONTHS | 6 MONTHS | 9 MONTHS | 12 MONTHS | 18 MONTHS |
PVCOMBANK | 4.25 | 4.25 | 6.4 | 6.4 | 6.5 | 6.8 |
NCB | 4.75 | 4.75 | 6.3 | 6.35 | 6.4 | 6.4 |
HDBANK | 4.45 | 4.45 | 6.1 | 6.1 | 6.3 | 6.5 |
VIET A BANK | 4.5 | 4.5 | 6 | 6.1 | 6.3 | 6.5 |
CBBANK | 4.2 | 4.3 | 6 | 6.1 | 6.3 | 6.4 |
BAC A BANK | 4.75 | 4.75 | 5.9 | 6 | 6.1 | 6.25 |
BAOVIETBANK | 4.4 | 4.75 | 5.8 | 5.9 | 6.1 | 6.4 |
OCEANBANK | 4.6 | 4.6 | 5.8 | 5.9 | 6.1 | 6.5 |
SCB | 4.75 | 4.75 | 5.75 | 5.85 | 6.05 | 6.05 |
BVBANK | 4.4 | 4.7 | 5.75 | 5.9 | 6.05 | 6.15 |
SHB | 4 | 4.3 | 5.7 | 5.8 | 6.1 | 6.4 |
SAIGONBANK | 3.6 | 4 | 5.7 | 5.7 | 5.9 | 5.9 |
VIETBANK | 4.55 | 4.55 | 5.7 | 5.8 | 6 | 6.8 |
DONG A BANK | 4.5 | 4.5 | 5.7 | 5.8 | 6.05 | 6.05 |
VIB | 4.75 | 4.75 | 5.6 | 5.6 | 6.2 | |
SACOMBANK | 3.7 | 3.9 | 5.5 | 5.8 | 6.2 | 6.4 |
GPBANK | 4.25 | 4.25 | 5.45 | 5.55 | 5.65 | 5.75 |
KIENLONGBANK | 4.75 | 4.75 | 5.4 | 5.6 | 5.7 | 6.4 |
PG BANK | 4 | 4 | 5.3 | 5.3 | 5.4 | 6.2 |
LPBANK | 4.15 | 4.35 | 5.3 | 5.4 | 6.1 | 6.8 |
OCB | 4.1 | 4.25 | 5.3 | 5.4 | 5.5 | 5.9 |
VPBANK | 4.1 | 4.15 | 5.2 | 5.2 | 5.5 | 5.1 |
MB | 3.6 | 3.6 | 5.2 | 5.3 | 5.6 | 6.3 |
EXIMBANK | 4 | 4 | 5.2 | 5.5 | 5.6 | 5.8 |
NAMA BANK | 4.65 | 4.65 | 5.2 | 5.3 | 5.8 | 6.4 |
ACB | 3.5 | 3.7 | 5 | 5.1 | 5.5 | |
TPBANK | 3.8 | 4 | 5 | 5 | 5.55 | 6 |
MSB | 3.8 | 3.8 | 5 | 5.4 | 5.5 | 5.5 |
TECHCOMBANK | 3.55 | 3.75 | 4.95 | 5 | 5.35 | 5.35 |
ABBANK | 3.7 | 3.9 | 4.9 | 4.9 | 4.7 | 4.4 |
SEABANK | 4 | 4 | 4.8 | 4.95 | 5.1 | 5.1 |
VIETINBANK | 3.4 | 3.85 | 4.7 | 4.7 | 5.5 | 5.5 |
AGRIBANK | 3.4 | 3.85 | 4.7 | 4.7 | 5.5 | 5.5 |
BIDV | 3.2 | 3.7 | 4.6 | 4.6 | 5.5 | 5.5 |
VIETCOMBANK | 3 | 3.3 | 4.3 | 4.3 | 5.3 | 5.3 |
According to the latest data released by the State Bank of Vietnam, as of the end of July 2023, residents' deposit balance in the banking system set a new record of VND 6,389,593 billion, an increase of VND 6,707 billion compared to the previous month, and an increase of 8.93% since the beginning of the year. After 1 year, since the end of August 2022, the total savings deposit balance of residents has increased by more than VND 752,000 billion. Meanwhile, the deposit balance of economic organizations as of July 2023 reached VND 5,909,707 billion, down more than VND 74,000 billion compared to June. |
Source
Comment (0)