(NLDO) – Savings interest rates have increased in the context of short-term liquidity difficulties in the system during the peak credit growth season at the end of the year.
On November 25, according to a reporter from Nguoi Lao Dong Newspaper, a series of commercial banks have changed their deposit interest rates to increase for different terms.
CBBank is also not out of this hot race. Accordingly, in the interest rate table applied today, CBBank increased the deposit interest rate for a long term of 12 months to 5.55%/year, an increase of 1.15 percentage points compared to before. The highest savings interest rate at this bank is 5.7%/year when customers deposit for a long term of 13 months or more.
Previously, ABBANK, Bac A Bank, Saigonbank, Nam A Bank, VIB, Agribank... adjusted to increase deposit interest rates in many terms.
Deposit interest rates have increased since the beginning of November at many banks.
On the other hand, a "strange wind" also appeared when the National Bank (NCB) unexpectedly adjusted interest rates downward in some terms. In the latest interest rate table, customers depositing terms of 6-9 months will apply interest rates of 5.15% and 5.25% respectively, down 0.1 percentage points compared to before.
Ms. Tran Thi Ha My, senior analyst, Rong Viet Securities Company, said that the liquidity of the banking system has recently shown signs of widespread tension, reflected in the overnight lending interest rate in the interbank market in the first 20 days of November at 5.17%/year, 1.55 percentage points higher than the average of the previous month. At the same time, the average lending interest rate for terms under 1 month also increased from 1.03 to 1.45 percentage points.
"The lower change in the 3-month term shows that the liquidity difficulties of the system occur in the short term during the peak season of credit growth in the last months of the year," said Ms. Ha My.
At the same time, the mobilization interest rates of banks also had a stronger increase than last month, occurring more in short terms from 1-3 months in the group of joint stock banks such as VIB and Nam A Bank.
In the group of state-owned commercial banks, Agribank is the bank that has increased interest rates consecutively in the past 4 months, becoming the state-owned commercial bank with the highest mobilization interest rate, in which the 12-month term interest rate is 4.8%/year, higher than Vietcombank, BIDV and VietinBank. However, the mobilization interest rate at Agribank is still significantly lower than the average mobilization interest rate of the group of joint-stock banks.
Source: https://nld.com.vn/lai-suat-hom-nay-25-11-mot-ngan-hang-bat-ngo-di-nguoc-xu-huong-196241125095853423.htm
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