Sky-high interest rates

Interest rate fluctuations 20.8: Interest rates skyrocket — Interest rate fluctuations 20.8. Photo design: Huyen Mai.

VietBank increases interest rates

According to Lao Dong, on August 20, Vietnam Thuong Tin Commercial Joint Stock Bank (VietBank) issued a new interest rate schedule, recording only an increase in one term.

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

1-month term interest rate is 3.6%/year.

3-month term interest rate is 3.8%/year.

6-month term interest rate increased by 0.3 percentage points, at 5.2%/year.

9-month term interest rate at 5.0%/year.

12-month term interest rate at 5.6%/year.

Interest rate for 24-36 month term is 5.9%/year.

After increasing interest rates, VietBank is among the top banks paying the highest interest rates for 6-month terms.

VietBank online deposit interest rate table. Screenshot.

VietBank's counter deposit interest rates are currently listed as follows:

1 month term interest rate is 3.5%/year.

3-month term interest rate is 3.7%/year.

6-month term interest rate is 4.8%/year.

9-month term interest rate is 4.9%/year.

12-month term interest rate is 5.5%/year.

Interest rate for 24-36 month term is 5.8%/year.

Deposit interest rates at the counter at VietBank. Screenshot.

Savings interest rates increase in some places, decrease in others.

According to Lao Dong, by the end of the first half of August, the market recorded 14 banks increasing savings interest rates. Compared to the same period two months ago, nearly 20 banks increased interest rates in just half a month.

Banks that have increased savings interest rates since the beginning of August include: Eximbank, ACB, Agribank, Sacombank, Saigonbank, VietBank, TPBank, CBBank, VIB, Dong A Bank, VPBank, Techcombank, SHB, VietBank.

However, a few banks have started to reduce interest rates. Since the beginning of August, the market has recorded 3 banks adjusting their interest rates "against the trend". Accordingly, the banks that reduced interest rates are mostly banks that previously had the highest interest rates in the market such as ABBank, Bac A Bank, SeABank.

(See more high interest rates HERE)

Details of deposit interest rates at banks, updated on August 20, 2024