A bank lowered interest rates for 2 days, then raised them back to the old level.

On the morning of June 28, CBBank adjusted its deposit interest rates. Specifically, the 6-month online deposit interest rate was listed by CBBank at 7.85%/year.

Similarly, the interest rate for 7-11 month deposits announced by this “zero dong” bank is 7.95%. The interest rate for 12 month deposits is 8.15%, and for deposits of 13 months or more, the interest rate is 8.25%/year.

Previously, on June 26, CBBank listed the online deposit interest rate for a 6-month term down to 7.3%/year. The deposit interest rate for a 7-11 month term also dropped sharply from 7.95% to 7.4%/year.

Interest rates for 12-month deposits have dropped from 8.15% to just 7.6% per year. Deposits for 13 months or more are now 7.7% per year after dropping from 8.25% per year.

Thus, after 2 days, CBBank's deposit interest rate returns to the old interest rate. The online savings interest rate table is noted as "applicable from June 19", which means the day this bank only adjusts the deposit interest rate for terms under 6 months.

Interest rates today, June 28, apart from CBBank, the market did not record any other banks changing their interest rates. This is a rare thing among banks in the past 2 months.

Since the beginning of June, the market has recorded more than 20 banks reducing deposit interest rates, including: Agribank, Vietcombank, BacA Bank, NamA Bank, PVCombank, TPBank, BaoViet Bank, GPBank, BIDV, Sacombank, VIB, HDBank, NCB, OCB, BVBank, VPBank, SCB, VietA Bank, TPBank, SHB, HDBank, KienLongBank, MB, ABBank, LPBank, OceanBank, and Saigonbank.

Of which, BIDV, VietinBank, VPBank, BaoViet Bank, Saigonbank, VietA Bank, OCB, SCB, GPBank are the banks that have reduced interest rates twice since the beginning of the month.

TPBank alone reduced interest rates 3 times in June; VIB and HDBank adjusted 4 times, while NCB adjusted 5 times.

Currently, the lowest interest rates on the market are still at state-owned commercial banks including Agribank, BIDV, VietinBank and Vietcombank.

This shows that the “big 4” group has an excess of money supply, ready to provide low-interest capital for businesses and individuals in need.

Currently, all four banks have the same interest rate for deposits with terms of 12 months or more, which is 6.3%/year. While the difference occurs in deposits with terms of less than 12 months.

At Agribank, the interest rate for 1-2 month term is 4.3%/year, 3-5 month term is 4.5%/year, 6-9 month term is 5.7%/year.

At VietinBank, the interest rate for 1-3 month term is 3.4%/year, 3-5 month term is 4.1%/year, 6-9 month term is 5%/year.

At Vietcombank, the interest rate for 1-2 month deposits is only 3.6%/year, 3-5 month deposits is 4.3%/year, and 6-11 month deposits has an interest rate of 5.2%/year.

Meanwhile, BIDV listed the interest rate for 1-2 month term deposits at 4%/year, 3-5 month term deposits at 4.5%/year, and 6-11 month term deposits at 5.6%/year.

HIGHEST DEPOSIT INTEREST RATES AT BANKS ON JUNE 28 (%/year)
BANK	1 MONTH	3 MONTHS	6 MONTHS	9 MONTHS	12 MONTHS	18 MONTHS
AGRIBANK	4.3	4.5	5.7	5.7	6.3	6.3
BIDV	4	4.5	5.6	5.6	6.3	6.3
VIETCOMBANK	3.6	4.3	5.2	5.2	6.3	6.3
VIETINBANK	3.4	4.1	5	5	6.3	6.3
CBBANK	4.2	4.3	7.85	7.95	8.15	8.25
VIETBANK	4.75	4.75	7.8	7.7	7.8	7.8
GPBANK	4.75	4.75	7.8	7.9	8	8.1
ABBANK	4.75	4.75	7.7	7.75	7.8	7.8
NAMA BANK	4.75	4.75	7.6	7.7	7.7	7.5
BACA BANK	4.75	4.75	7.6	7.7	7.8	7.9
EXIMBANK	4.75	4.75	7.5	7.5	7.6	7.6
VIETA BANK	4.6	4.6	7.4	7.4	7.6	7.6
SCB	4.75	4.75	7.35	7.35	7.45	7.25
OCEANBANK	4.75	4.75	7.3	7.4	7.5	7.8
NCB	4.75	4.75	7.3	7.4	7.6	7.5
HDBANK	4.25	4.25	7.3	6.9	7.3	7.1
PGBANK	4.75	4.75	7.3	7.3	7.5	7.5
OCB	4.6	4.75	7.3	7.4	7.6	7.4
MSB	4.75	4.75	7.3	7.3	7.4	7.4
SHB	4.75	4.75	7.2	7.2	7.7	7.7
VPBANK	4.65	4.65	7.1	7.2	7.1	6.3
BVBANK	4.4	4.7	7.1	7.4	7.7	7.8
TPBANK	4.55	4.75	7		7	7
SAIGONBANK	4.75	4.75	7	7.1	7.4	7.4
PVCOMBANK	4.25	4.25	7	7.4	7.7	7.8
BAOVIETBANK	4.6	4.7	7	7.1	7.7	7.6
TECHCOMBANK	4.45	4.45	6.9	6.9	6.9	6.9
VIB	4.75	4.75	6.8	6.8		7
SEABANK	4.75	4.75	6.8	6.95	7.1	6.9
KIENLONGBANK	4.75	4.75	6.7	6.9	7.1	7.3
SACOMBANK	4.75	4.75	6.6	6.9	7.2	7.35
MB	4.55	4.55	6.4	6.5	7	6.8
LPBANK	4.55	4.55	6.4	6.4	6.6	7.4

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