New developments in the deposit interest rate market

On the first day of the week (March 24), Vietnam Export Import Commercial Joint Stock Bank (Eximbank) reduced interest rates for over-the-counter deposits. Specifically, it reduced 0.2%/year for 6-month deposits; 0.1%/year for 9-month deposits; 0.1%/year for 12-month deposits. Previously, Eximbank reduced interest rates on March 3, 7 and 14, with the latest adjustment, the bank reduced interest rates 4 times this March.

According to the reporter's records, customers depositing money at the counter at Eximbank will enjoy the following interest rates: 3.5%/year for 1 and 3-month terms; 5%/year for 6-month terms; 5.1%/year for 9-month terms; 5.2%/year for 12-month terms; 5.5% for 18-month terms; 5.6%/year for 24-month terms; 5.1%/year for 36-month terms.

Eximbank's deposit interest rates at some common terms after adjustment

Previously, on March 21, Kienlong Commercial Joint Stock Bank (Kienlongbank) continued to record a sharp reduction in interest rates for terms. Specifically, for the form of savings at the counter, Kienlongbank reduced 0.2%/year for terms of 1, 3, 6, 9 and 12 months. Meanwhile, for terms of 18, 24 and 36 months, Kienlongbank slightly reduced 0.05%/year.

Thus, when customers deposit money at Kienlongbank, they will enjoy the following interest rates when depositing savings at the counter: 3.3%/year for terms of 1 to 3 months; 5%/year for terms of 6 to 9 months. The highest interest rate at Kienlongbank is 5.3%/year for terms of 12 months. Customers will enjoy an interest rate of 5.25%/year when depositing money for long terms of 17 months or more at Kienlongbank.

Kienlongbank's deposit interest rates at some common terms after adjustment

Thus, up to this point, about 25 banks have adjusted interest rates following urgent instructions from management agencies. In addition, banks have also reduced interest rates up to 6 times.

Source: https://thoibaonganhang.vn/dien-bien-moi-tren-thi-truong-lai-suat-tien-gui-161746.html