On November 20, the bank's deposit interest rates continued to record downward adjustments. Specifically, VIB International Commercial Joint Stock Bank reduced 0.3 percentage points for 3-month term interest rates to 4%/year and reduced 0.1 percentage points for 4-month term interest rates to 4.2%/year.
For the remaining terms, VIB keeps the same interest rate. Accordingly, the interest rate for 1-month term is 3.8%/year, 2-month term is 3.9%/year, 5-month term is 4.3%/year;
6-8 month term is 5.1%/year, 9-11 month term is 5.2%/year, 15-18 month term is 5.8%/year and 24-36 month term is 5.8%/year.
This is the third time this month that VIB has adjusted its deposit interest rates. Most recently, on November 17, the bank reversed the trend and increased deposit interest rates for terms of 2-5 months.
Specifically, the online mobilization interest rate for 2-month term increased to 3.9%/year. For 3-5 month term, the interest rate increased by 0.3 percentage points to 4.3%/year.
During the day, Oceanbank also recorded a decrease in deposit interest rates. This bank reduced the deposit interest rate for 1-2 month terms by 0.3 percentage points to 4.3%/year. The 3-5 month term decreased by 0.1 percentage points to 4.5%/year.
For the 6-8 month term, the bank has also adjusted down 0.3 percentage points to 5.5%/year. The 9-11 month term has decreased to 5.6%/year. The 12-36 month terms have all been adjusted down 0.2 percentage points to 5.8%/year.
Thus, since the beginning of November until now, a total of 25 banks have recorded a decrease in deposit interest rates.
In particular, for the 6-8 month term deposit interest rate, HDBank holds the top position with 5.7%/year. NCB holds the highest deposit interest rate for the 9-11 month term at 5.65%/year. HDBank and BaoVietBank are tied for first place in the 12 month term deposit interest rate at 5.9%/year.
While a series of banks simultaneously lowered interest rates, there are still banks going against the trend by increasing interest rates.
Specifically, Orient Commercial Joint Stock Bank (OCB) has increased the interest rate on deposits with terms of 18 to 21 months from 5.9% to 6.2% per year; the interest rate on deposits with terms of 24 months from 6% to 6.3% per year; and the interest rate on deposits with terms of 36 months from 6.1% to 6.4% per year.
At the end of October, Vietnam Maritime Commercial Joint Stock Bank (MSB) also sharply increased deposit interest rates for terms of 15-36 months from 5.5%/year to 6.2%/year .
Thu Huong
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