Accordingly, An Binh Commercial Joint Stock Bank (ABBank) has reduced interest rates for deposits with terms from 1-12 months, starting today, February 7. On the online channel, interest rates for deposits with terms from 1-5 months have decreased by 0.15 percentage points. Currently, the 1-month term is 3%/year, the 2-month term is 3.1%/year and the 3-5 month term is 3.2%/year.
Interest rates for 6-month deposits have dropped to 4.7% per year. Previously, this term was at 5% per year, the second highest after CBBank. The 7-8 month terms have dropped by 0.2 percentage points to 4.6% per year.
ABBank adjusted down 0.1 percentage points for 9-12 month terms, now at 4.3%/year. 13-60 month terms remain at 4.4%/year.
Bac A Commercial Joint Stock Bank (Bac A Bank) adjusted deposit interest rates for all deposit terms by 0.4 percentage points for terms from 1-5 months, 0.2 percentage points for terms from 6-9 months and 0.1 percentage points for terms from 12-36 months.
Specifically, the 1-2 month term is 3.2%/year, 3 months is 3.4%/year, 4 months is 3.6%/year and 5 months is 3.8%/year. The 6-8 month term is reduced to 4.7%/year, 9-11 months is 4.8%/year, 12-13 months is reduced to 5.1%/year, 15 months is 5.3%/year. The 18-36 month term is 5.5%/year, this is the highest mobilization interest rate at Bac A Bank.
Prosperity and Development Joint Stock Commercial Bank (PGBank) has reduced the interest rate by 0.3 percentage points for term deposits from 6 to 36 months. The 6-month term is reduced to 4.2%/year, the 9-month term is reduced to 4.4%/year, the 12-month term is reduced to 4.9%/year, the 13-month term is 5%/year, the 18-month term is 5.1%/year. The 24-36-month term has the highest interest rate of 5.2%/year.
PGBank keeps interest rates unchanged for 1-month (3.1%/year), 2-month (3.2%/year) and 3-month (3.5%/year) term deposits.
Vietnam International Commercial Joint Stock Bank (VIB) has reduced its deposit interest rates for the second time in just two consecutive days. The bank continues to adjust deposit interest rates down for terms from 1-11 months.
Specifically, the interest rate for 1-2 month terms continued to decrease by 0.1 percentage point to 2.9%/year, and for 3-5 months by 0.2 percentage point to 3.2%/year. VIB also reduced the interest rate for 6-11 month terms by 0.2 percentage point to 4.3%/year. The bank kept the interest rate for 15-18 month terms (5.2%/year) and 24-36 month terms (5.3%/year) unchanged.
Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) also reduced interest rates for the second time since the beginning of the month. The 1-2-3 month term decreased by 0.2 percentage points, to 2.4-2.5-2.6%/year, respectively. The 4-5 month term decreased by 0.1 percentage points, to 3.1% and 3.2%/year, respectively.
Sacombank adjusted down 0.3 percentage points of interest rate for 6-month term deposits to 3.9%/year, 7-month term deposits down 0.2 percentage points to 4.1%/year, 8-9 month term deposits down 0.2-0.3 percentage points to 4.2%/year.
Interest rates for 10-11 month terms decreased by 0.3 percentage points to 4.3-4.4%/year. Interest rates for 13 month terms decreased sharply by 0.4 percentage points to 5.1%/year.
Sacombank keeps the 12-month term interest rate unchanged at 5%/year. The 15-month term is 5.5%/year, the 18-month term is 5.6%/year, the 24-month term is 5.7%/year and the 36-month term is up to 6.2%/year.
After a series of banks reduced interest rates, especially in the last two days, up to 15 credit institutions have reduced deposit interest rates since the beginning of February, including: LPBank, Sacombank, NCB, Viet A Bank, SeABank, Techcombank, ACB, VIB, Eximbank, BVBank, KienLong Bank, ABBank, Bac A Bank, PGBank, Sacombank.
Of which, VIB and Sacombank are the first two banks to reduce interest rates for the second time since the beginning of the month.
| HIGHEST DEPOSIT INTEREST RATES AT BANKS ON FEBRUARY 7 | ||||||
| BANK | 1 MONTH | 3 MONTHS | 6 MONTHS | 9 MONTHS | 12 MONTHS | 18 MONTHS |
| CBBANK | 4.2 | 4.3 | 5.1 | 5.2 | 5.4 | 5.5 |
| VIETBANK | 3.5 | 3.7 | 4.9 | 5 | 5.3 | 5.8 |
| DONG A BANK | 3.9 | 3.9 | 4.9 | 5.1 | 5.4 | 5.6 |
| NCB | 3.9 | 4.1 | 4.85 | 4.95 | 5.3 | 5.8 |
| HDBANK | 3.15 | 3.15 | 4.8 | 4.6 | 5 | 5.9 |
| PVCOMBANK | 2.85 | 2.85 | 4.8 | 4.8 | 4.9 | 5.2 |
| BAOVIETBANK | 3.5 | 3.85 | 4.8 | 4.9 | 5.3 | 5.5 |
| GPBANK | 2.9 | 3.42 | 4.75 | 4.9 | 4.95 | 5.05 |
| ABBANK | 3 | 3.2 | 4.7 | 4.3 | 4.3 | 4.4 |
| BAC A BANK | 3.2 | 3.4 | 4.7 | 4.8 | 5.1 | 5.5 |
| BVBANK | 3.65 | 3.75 | 4.65 | 4.8 | 5.95 | 5.55 |
| VIET A BANK | 3.2 | 3.5 | 4.6 | 4.6 | 5.1 | 5.4 |
| SHB | 2.9 | 3.3 | 4.6 | 4.8 | 5 | 5.2 |
| OCB | 3 | 3.2 | 4.6 | 4.7 | 4.9 | 5.4 |
| NAMA BANK | 2.9 | 3.4 | 4.6 | 4.9 | 5.4 | 5.8 |
| KIENLONGBANK | 3.5 | 3.5 | 4.5 | 4.7 | 4.9 | 5.4 |
| OCEANBANK | 3.1 | 3.3 | 4.4 | 4.6 | 5.1 | 5.5 |
| VPBANK | 3.1 | 3.3 | 4.4 | 4.4 | 5 | 5 |
| VIB | 2.9 | 3.2 | 4.3 | 4.3 | 5.2 | |
| EXIMBANK | 3.1 | 3.4 | 4.3 | 4.3 | 4.8 | 5 |
| PGBANK | 3.1 | 3.5 | 4.2 | 4.4 | 4.9 | 5.1 |
| LPBANK | 2.6 | 2.7 | 4 | 4.1 | 5 | 5.6 |
| TPBANK | 2.8 | 3 | 4 | 4.8 | 5 | |
| SACOMBANK | 2.4 | 2.6 | 3.9 | 4.2 | 5 | 5.6 |
| SEABANK | 3.2 | 3.4 | 3.9 | 4.1 | 4.75 | 5 |
| MSB | 3.5 | 3.5 | 3.9 | 3.9 | 4.3 | 4.3 |
| SAIGONBANK | 2.5 | 2.7 | 3.9 | 4.1 | 5 | 5.4 |
| ACB | 2.6 | 3.2 | 3.9 | 4.2 | 4.8 | |
| MB | 2.6 | 2.9 | 3.9 | 4.1 | 4.8 | 5.2 |
| TECHCOMBANK | 2.35 | 2.65 | 3.75 | 3.8 | 4.75 | 4.75 |
| BIDV | 2 | 2.3 | 3.3 | 3.3 | 4.8 | 4.8 |
| AGRIBANK | 1.7 | 2 | 3.2 | 3.2 | 4.8 | 4.8 |
| VIETINBANK | 1.9 | 2.2 | 3.2 | 3.2 | 4.8 | 4.8 |
| SCB | 1.75 | 2.05 | 3.05 | 3.05 | 4.75 | 4.75 |
| VIETCOMBANK | 1.7 | 2 | 3 | 3 | 4.7 | 4.7 |
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