(NLDO) – 23 commercial banks have adjusted their deposit interest rates down in the past month.
On March 19, the State Bank announced that from February 25 to March 18, a total of 23 commercial banks adjusted their interest rates down, including BVBank, Vietbank, VIB, Pgbank, Eximbank, LPBank, Nam A Bank, SHB, NCB, VCBNeo, BIDV, Techcombank, Vikki Bank, MBV, OCB... The interest rate reduction ranged from 0.1 to 1 point.
For example, BVBank reduced interest rates for over-the-counter deposits by 0.1 - 0.4 percentage points for terms from 6 to 60 months. Online deposit interest rates decreased the most by 0.4 percentage points for terms of 24 months.
At Vietbank, this bank reduced the interest rate at the counter for short terms from 1-4 months by 0.2 percentage points and reduced the interest rate for terms from 5-9 months by 0.3 percentage points. If customers deposit savings online, the interest rate will be reduced by a maximum of 0.4 percentage points.
Customers who deposit savings at VIB will have their interest rates reduced by up to 0.2 percentage points compared to before.
Savings interest rates at many banks decrease rapidly
Eximbank is one of the banks that has adjusted interest rates down many times in a row in recent times. Accordingly, customers depositing money at the counter in the "Long-term deposit with peace of mind" program will see a reduction of up to 0.6 - 0.8% interest rates for terms of 15-36 months. When making online savings, the highest reduction is up to 0.8% for terms of 6-36 months.
Techcombank is also one of the banks that has joined the race to reduce deposit interest rates recently, with the highest reduction of 0.2 percentage points in many terms.
Currently, the highest 12-month deposit interest rate at state-owned commercial banks including VietinBank, BIDV and Agribank is 4.7%/year; Vietcombank is 4.6%/year. Large-scale commercial banks such as VPBank have the highest 12-month interest rate of 5.4%/year; Techcombank is 4.55%/year; MB is 4.95%/year, ACB is 4.4%/year...
The highest interest rate for 12-month term at MBV is 5.7%/year; HDBank 5.5%/year; Vikki Bank 5.57%/year; ABBank 5.5%/year...
Recently, the Government and the State Bank have continuously requested the banking industry to make efforts to reduce input costs to reduce lending interest rates and support economic growth.
Most recently, on March 9, the Prime Minister issued Official Dispatch No. 22/CD-TTg on a number of key tasks and solutions to reduce administrative procedures, improve the business environment, and promote socio-economic development.
In particular, the State Bank is assigned to preside over and coordinate with the Ministry of Finance and relevant agencies to closely monitor interest rate developments and resolutely and effectively implement solutions to continue reducing lending interest rates.
Source: https://nld.com.vn/23-ngan-hang-cung-giam-lai-suat-gui-tiet-kiem-196250319150851464.htm
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