SeABank lowers deposit interest rates for all terms

Continuing the trend of reducing deposit interest rates at banks since the beginning of 2024, Southeast Asia Commercial Joint Stock Bank (SeABank) has made moves to reduce deposit interest rates at many terms.

Accordingly, in the online interest rate table, this bank adjusted the interest rate down for terms of 1-12 months from 0.2-0.25 percentage points. Specifically, the interest rate decreased to 3.4%/year for terms of 1-2 months; 3.6%/year for terms of 3-5 months.

SeABank listed deposit interest rates at 4.15%/year for 6-month terms and 4.2%/year for 7-month terms. The bank's interest rates for 8-month, 9-month and 10-month terms are 4.25%/year, 4.3%/year and 4.35%/year, respectively.

The interest rate for 11-month deposits is 4.4%/year and for 12-month deposits is 4.75%/year. SeABank reduced the interest rate for 15-36-month deposits by 0.1% to 5%/year. This is also the highest interest rate of the bank at the moment.

Previously, on January 17, 5 banks reduced their deposit interest rates. Notably, 3 banks in the Big 4 group simultaneously reduced interest rates for terms under 12 months, namely Vietinbank, BIDV and Agribank .

Accordingly, in VietinBank 's online deposit interest rate table, the bank simultaneously adjusted the deposit interest rate down by 0.3 percentage points to 1.9%/year for terms of 1-2 months and down to 2.2%/year for terms of 3-5 months.

Similarly, VietinBank also adjusted the interest rate for 6-9 month term deposits down by 0.3%, listed at 3.2%/year.

BIDV has reduced the interest rates for 1-11 month terms by 0.3 percentage points. Specifically, the bank reduced the interest rate to 2%/year for 1-2 month terms; the interest rate for 3-5 month terms is only 2.3%/year and for 6-11 month terms is 3.3%/year.

BIDV keeps the deposit interest rate for the remaining terms unchanged at 5%/year for 12-18 month terms and 5.3%/year for 24-36 month terms.

Agribank also reduced the deposit interest rate by 0.2 percentage points for the 1-2 month and 6-11 month terms to only 1.8%/year and 3.4%/year, respectively. Notably, the bank sharply reduced the 3-5 month term interest rate by 0.4 percentage points to 2.1%/year.

Thus, in the group of 4 state-owned banks, the lowest mobilization interest rate belongs to Vietcombank with the interest rate for 1-2 month term deposits being 1.7%/year, the interest rate for 3-5 month term deposits being 2%/year, the term for 6-9 month term is 3%/year and the term for 12-24 month is 4.7%/year.

Since the beginning of January, a total of 24 banks have reduced deposit interest rates, including BaoViet Bank, GPBank, Eximbank, SHB, Bac A Bank, Vietcombank, PVCombank, SCB, ABBank, NCB, KienLong Bank, VIB, TPBank, Viet A Bank, HDBank, VietBank, Techcombank, Agribank, BIDV, VietinBank, SeABank LPBank, OCB .

Source