24 banks reduce deposit interest rates, one bank reduced 7 times in a month

According to statistics from the State Bank, 24 commercial banks reduced interest rates including Ban Viet, Hang Hai, Vietnam Thuong Tin, Saigon Cong Thuong, Quoc Te, Bao Viet, Kien Long, Bac A, Viet A, Thinh Vuong and Phat Trien (PGbank), Xuat Nhap Khau, Loc Phat, Nam A, Saigon Ha Noi (SHB), Quoc Dan (NCB), VCBNeo, BIDV, Techcombank, Vikki Digital Technology, Vietnam Modern (MBV), Phuong Dong (OCB), Cong Thuong, An Binh, Agriculture and Rural Development (Agribank).

Most recently, on March 25, Agribank reduced interest rates by 0.1% for terms from 01 to 05 months for individual customers. Currently, Agribank's interest rate applied to 1 and 2 month term deposits is 2.1%/year; 3 to 5 month term is 2.4%/year. The highest deposit interest rate at Agribank is currently 4.8%/year for 24 month term deposits.

Meanwhile, since February 25, Vietnam Export Import Commercial Joint Stock Bank (Eximbank) has reduced interest rates seven times for both counter and online deposits. After this series of adjustments, Eximbank's counter deposit interest rates have decreased by 0.6-0.8%/year for terms of 15-36 months with the "Long-term deposit with peace of mind" program; decreased by 0.1-0.2%/year for terms of 6-24 months for regular customers and decreased by 0.3-0.4%/year for terms of 6-12 months for customers over 50 years old. For online deposits, Eximbank has reduced by 0.1-0.2%/year for terms of less than 6 months and decreased by 0.3-0.8%/year for terms of 6-36 months.

Previously, Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) and Vietnam Joint Stock Commercial Bank for Investment and Development (BIDV) lowered interest rates by 0.1% for term deposits from 1 to less than 6 months...

Since the beginning of March, 19 domestic commercial banks have reduced interest rates.

Source: https://nhandan.vn/24-ngan-hang-giam-lai-suat-huy-dong-co-ngan-hang-giam-7-lan-trong-thang-post867844.html