Continuous profit increase, exceeding 6% threshold

Interest rate fluctuations 31.7: Continuous interest rate increases, exceeding 6% threshold — Interest rate fluctuations 31.7: Interest rates increase continuously, exceeding the 6% threshold. Photo: Huyen Mai.

BaoVietBank's profits increase continuously

According to Lao Dong, on July 31, Bao Viet Commercial Joint Stock Bank (BaoVietBank) issued a new deposit interest rate schedule, recording an increase of 0.1-0.2 percentage points for all terms.

BaoVietBank's online deposit interest rate table records the following changes:

One-month interest rate increased by 0.2 percentage points to 3.3%/year.

3-month term interest rate increased by 0.1 percentage point, to 4.0%/year.

6-month term interest rate increased by 0.1 percentage point, to 5.2%/year.

The 9-month term interest rate increased by 0.2 percentage points to 5.4%/year.

12-month term interest rate increased by 0.2 percentage points, to 5.8%/year.

18-month term interest rate increased by 0.1 percentage point, to 6.0%/year.

36-month term interest rate increased by 0.1 percentage point, to 6.0%/year.

Online deposit interest rate table at BaoVietBank. Screenshot.

BaoVietBank's counter deposit interest rates, with interest paid at the end of the term, are currently listed as follows:

1-month term interest rate is 3.1%/year.

3-month term interest rate is 3.8%/year.

6-month term interest rate at 5.0%/year.

9-month term interest rate is 5.1%/year.

12-month term interest rate is 5.5%/year.

Interest rate for 18-36 month term is 5.9%/year.

Savings interest rate table at the counter at BaoVietBank. Screenshot.

Since the beginning of July, this is the second time BaoVietBank has listed an interest rate increase. In addition, the market has recorded 19 banks increasing interest rates in July, including: NCB, Eximbank, SeABank, VIB, BaoVietBank, Saigonbank, VietBank, MB, BVBank, KienLong Bank, PVcomBank, VPBank, PGBank, Sacombank, BIDV, ABBank, HDBank, Bac A Bank, SHB .

After the interest rate increase, more and more banks are paying interest rates above 6.0%/year for long terms - an interest rate that had become extremely rare at the beginning of the year due to the interest rate decline.

Where to deposit money with good interest rate of 6.0%/year without deposit conditions?

ABBank listed the 12-month term interest rate at 6.2%/year.

HDBank leads the 18-month term interest rate chart with an interest rate of 6.1%/year.

After the recent interest rate increase, NCB listed an interest rate of 6.1%/year for a term of 18-36 months.

OceanBank currently lists an interest rate of 6.1%/year with a term of 36 months.

Following are OCB , SeABank, SHB, BaoVietBank currently listing interest rates of 6.0%/year for the same term.

BVBank currently maintains two interest rates of 6.0%/year for 18-36 month terms in online deposits and 36 month terms when saving at the counter.

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Details of deposit interest rates at banks, updated on July 31, 2024