Accordingly, Orient Commercial Joint Stock Bank (OCB) kept the deposit interest rates unchanged for terms from 1 to 15 months but increased the interest rates for terms from 18 to 36 months by 0.3 percentage points.
Specifically, interest rates for 18- to 21-month deposits increased from 5.9% to 6.2% per year; interest rates for 24-month deposits increased from 6% to 6.3% per year; and 36-month deposits increased from 6.1% to 6.4% per year.
This is the first time OCB has adjusted deposit interest rates since September 20.
VietA Commercial Joint Stock Bank (VietA Bank) is the latest bank to lower deposit interest rates across the board.
According to the online deposit interest rate table announced this morning, November 13, the interest rate for 1-5 month term deposits decreased by 0.1 percentage point to 4.4%/year.
VietA Bank reduced interest rates for terms from 6 to 11 months by 0.2 percentage points to 5.4%/year. Interest rates for terms from 12 to 13 months decreased by 0.3 percentage points to 5.7%/year, officially falling below the threshold of 6%/year for this term.
Currently, VietA Bank still maintains an interest rate of 6%/year for deposits with terms of 15 months or more, even though the interest rate for deposits with these terms has decreased by 0.2 percentage points.
Accordingly, the bank interest rate for 15-month term is 6%/year, 18-month term is 6.1%/year, and 24-36-month term is 6.2%/year.
Along with that, Saigon Commercial Joint Stock Bank (SCB) has just announced a new deposit interest rate schedule, making the deposit interest rate for 6-9 month terms the lowest in the market today.
Specifically, SCB sharply reduced the interest rate for 1-5 month terms by 0.75 percentage points, making the interest rate for 1-month term deposits only 3.75%/year; 2-month term deposits 3.85%/year, 3-month term deposits 3.95%/year, 4-month term deposits 4%/year, and 5-month term deposits 4.05%/year.
Notably, the interest rate for online deposits with a term of 6-8 months, with interest paid at the end of the term, has been brought down by SCB to below 5%/year, specifically 4.95%/year after a reduction of 0.4 percentage points.
Savings interest rates for 9-11 month terms were also reduced by a similar amount to only 5.05%/year. Meanwhile, SCB reduced interest rates for 12-36 month terms by 0.2 percentage points to 5.45%/year, which is also the highest interest rate of SCB at present.
Also today, Vietnam Export Import Commercial Joint Stock Bank (Eximbank) adjusted deposit interest rates down by 0.1 - 0.2 percentage points.
According to the online interest rate table, the 3-month deposit interest rate has decreased to 3.9%/year, the 5-month deposit interest rate has decreased to 5%/year, the 9-month deposit interest rate has decreased to 5.3%/year, and the 18-36 month deposit interest rate has decreased to 5.7%/year.
Meanwhile, Eximbank kept the interest rate on 12-15 month term deposits at 5.6%/year.
Since the beginning of November, 18 banks have reduced deposit interest rates: Sacombank, NCB, VIB, BaoVietBank, Nam A Bank, VPBank, VietBank, SHB, Techcombank, Bac A Bank, KienLongBank, ACB, Dong A Bank, PG Bank, PVCombank, VietA Bank, SCB, Eximbank.
Of which, VietBank has reduced interest rates twice this November.
| HIGHEST DEPOSITS INTEREST RATE TABLE ON NOVEMBER 13 (%/year) | ||||||
| BANK | 1 MONTH | 3 MONTHS | 6 MONTHS | 9 MONTHS | 12 MONTHS | 15 MONTHS |
| OCEANBANK | 4.6 | 4.6 | 5.8 | 5.9 | 6.1 | 6.5 |
| CBBANK | 4.2 | 4.3 | 5.7 | 5.8 | 6 | 6.1 |
| HDBANK | 4.05 | 4.05 | 5.7 | 5.5 | 5.9 | 6.5 |
| PVCOMBANK | 3.65 | 3.65 | 5.6 | 5.6 | 5.7 | 6 |
| BVBANK | 4.4 | 4.7 | 5.55 | 5.65 | 5.75 | 5.9 |
| BAOVIETBANK | 4.4 | 4.75 | 5.5 | 5.6 | 5.9 | 6.2 |
| NCB | 4.45 | 4.45 | 5.5 | 5.65 | 5.8 | 6 |
| GPBANK | 4.25 | 4.25 | 5.45 | 5.55 | 5.65 | 5.75 |
| VIET A BANK | 4.4 | 4.4 | 5.4 | 5.4 | 5.7 | 6.1 |
| BAC A BANK | 4.35 | 4.35 | 5.4 | 5.5 | 5.6 | 5.95 |
| KIENLONGBANK | 4.55 | 4.75 | 5.4 | 5.6 | 5.7 | 6.2 |
| VIETBANK | 3.9 | 4.1 | 5.4 | 5.5 | 5.8 | 6.2 |
| OCB | 4.1 | 4.25 | 5.3 | 5.4 | 5.5 | 6.2 |
| DONG A BANK | 4.2 | 4.2 | 5.2 | 5.3 | 5.55 | 5.7 |
| SHB | 3.5 | 3.8 | 5.2 | 5.4 | 5.6 | 6.1 |
| SAIGONBANK | 3.4 | 3.6 | 5.2 | 5.4 | 5.6 | 5.6 |
| VIB | 3.8 | 4 | 5.1 | 5.2 | 5.6 | |
| LPBANK | 3.8 | 4 | 5.1 | 5.2 | 5.6 | 6 |
| MB | 3.5 | 3.8 | 5.1 | 5.2 | 5.4 | 6.1 |
| EXIMBANK | 3.6 | 3.9 | 5 | 5.3 | 5.6 | 5.7 |
| SACOMBANK | 3.6 | 3.8 | 5 | 5.3 | 5.6 | 5.75 |
| VPBANK | 3.7 | 3.8 | 5 | 5 | 5.3 | 5.1 |
| TPBANK | 3.8 | 4 | 5 | 5 | 5.55 | 6 |
| MSB | 3.8 | 3.8 | 5 | 5.4 | 5.5 | 6.2 |
| SCB | 3.75 | 3.95 | 4.95 | 5.05 | 5.45 | 5.45 |
| PG BANK | 3.4 | 3.6 | 4.9 | 5.3 | 5.4 | 6.2 |
| NAMA BANK | 3.6 | 4.2 | 4.9 | 5.2 | 5.7 | 6.1 |
| ABBANK | 3.7 | 4 | 4.9 | 4.9 | 4.7 | 4.4 |
| SEABANK | 4 | 4 | 4.8 | 4.95 | 5.1 | 5.1 |
| TECHCOMBANK | 3.55 | 3.75 | 4.75 | 4.8 | 5.25 | 5.25 |
| AGRIBANK | 3.4 | 3.85 | 4.7 | 4.7 | 5.5 | 5.5 |
| VIETINBANK | 3.4 | 3.75 | 4.6 | 4.6 | 5.3 | 5.3 |
| ACB | 3.3 | 3.4 | 4.6 | 4.65 | 4.7 | |
| BIDV | 3.2 | 3.5 | 4.4 | 4.4 | 5.3 | 5.3 |
| VIETCOMBANK | 2.6 | 2.9 | 3.9 | 3.9 | 5 | 5 |
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