Another bank pays interest exceeding 6%

19th bank to raise interest rates in July

According to Lao Dong, on July 30, Saigon - Hanoi Commercial Joint Stock Bank (SHB ) issued a new interest rate schedule, recording an increase of about 0.2 percentage points, mainly for short terms.

SHB's online deposit interest rates are currently listed as follows:

1-month term interest rate increased by 0.2 percentage points, to 3.5%/year.

3-month term interest rate increased by 0.2 percentage points, to 3.6%/year.

6-month term interest rate is 4.7%/year.

9-month term interest rate is at 4.8%/year.

12-month term interest rate is 5.2%/year.

18-month term interest rate at 5.5%/year.

In particular, the 36-month term interest rate is up to 6.1%/year.

Online deposit interest rate table at SHB. Screenshot.

SHB's counter deposit interest rate table also recorded similar changes. For deposits under 2 billion VND, the current interest rate applied by SHB is as follows:

1-month term interest rate is 3.3%/year.

3-month term interest rate is 3.4%/year.

6-month term interest rate is 4.5%/year.

9-month term interest rate is at 4.6%/year.

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

18-month term interest rate at 5.2%/year.

36-month term interest rate is 5.8%/year.

Deposit interest rates at the counter at SHB. Screenshot.

For deposits of over 2 billion VND, SHB currently applies an interest rate about 0.1% higher at all terms.

Thus, since the beginning of July, 19 banks have increased interest rates including: NCB, Eximbank, SeABank, VIB, BaovietBank, Saigonbank, VietBank, MB, BVBank, KienLong Bank, PVcomBank, VPBank, PGBank, Sacombank, BIDV, ABBank, HDBank, Bac A Bank , SHB.

Notably, the June interest rate market recorded many more banks increasing interest rates beyond 6.0%/year such as: Bac A Bank, SHB, BVBank, SeABank , ABBank,...

(See more interest rate fluctuations at banks HERE)

Details of deposit interest rates at banks, updated on July 30, 2024