Another major bank raises interest rates.

Interest rate fluctuations at 13.8: Another major bank raises interest rates. Image design: Huyen Mai.

Techcombank raises interest rates.

According to a report by Lao Dong newspaper on August 13th, Vietnam Technological and Commercial Bank (Techcombank) issued a new interest rate schedule, increasing rates by 0.2 percentage points for terms of 1-3 months.

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

Interest rates for 1-3 month terms increased by 0.2 percentage points, to 3.05-3.25% per year.

Interest rates for terms of 3-5 months are at 3.25-3.45% per year.

Interest rates for terms of 6-11 months are at 4.25-4.35% per year.

Interest rates for terms longer than 12 months are in the range of 4.95-5.05% per year.

Newly updated online deposit interest rate chart at Techcombank. Screenshot.

Techcombank's over-the-counter savings deposit interest rates have also undergone similar changes and are currently listed as follows:

Interest rates for terms of 1-3 months are at 2.95-3.15% per year.

Interest rates for terms of 3-5 months are at 3.15-3.35% per year.

Interest rates for terms of 6-11 months are at 4.15-4.25% per year.

Interest rates for terms longer than 12 months are at 4.85-4.95% per year.

Updated deposit interest rates at Techcombank's counter. Screenshot.

As of August 13th, the market recorded 12 banks increasing savings interest rates, including: Eximbank,ACB , Agribank, Sacombank, Saigonbank, VietBank, TPBank, CBBank, VIB, Dong A Bank, VPBank, and Techcombank.

Conversely, the savings interest rate market in August also saw two banks reducing savings interest rates: SeABank and ABBank. ABBank listed a reduction of 0.1-0.3 percentage points across most terms; SeABank also listed a reduction of 0.25 percentage points across various terms.

(See more high interest rates HERE)

Details of deposit interest rates at various banks, updated August 13, 2024.

Source: https://laodong.vn/kinh-doanh/bien-dong-lai-suat-138-them-ong-lon-tang-cao-lai-suat-1379845.ldo