SHB increases deposit interest rates from March 26

Saigon - Hanoi Commercial Joint Stock Bank (SHB) has recently adjusted to increase deposit interest rates for some terms.

Accordingly, in the latest online deposit interest rate table of this bank, the interest rate for 1-month and 2-month deposits was adjusted to increase by 0.2 and 0.1 percentage points, respectively, to 2.8%/year.

SHB added 0.1 percentage point to the 12-month deposit interest rate to 4.9%/year. Similarly, the bank also increased 0.1 percentage point to the 18-month interest rate to 5.2%/year. For the 13-15-month term, the interest rate increased 0.2 percentage point to 5%/year. For the remaining deposit terms, SHB kept the interest rate unchanged.

Before SHB, Eximbank increased interest rates on 1-3 month deposits from March 22, Saigonbank increased interest rates on 18-36 month deposits from March 19.

On the other hand, following the general trend of banks today, the Vietnam Joint Stock Commercial Bank for Industry and Trade (BVBank) has also adjusted its deposit interest rates down. This is the third time this month that the bank has reduced its interest rates.

Accordingly, for interest rates on deposits with terms from 1 to 12 months, BVBank has adjusted down 0.15%. For interest rates on deposits with terms from 18 to 24 months, the bank has reduced 0.25%.

Specifically, in the latest online interest rate table, BVBank offers interest rates of 2.85%/year for 1-month term, 4.05%/year for 3-month term 3.05%/year. Interest rates for 6-month term are 4.05%/year, 9-month term is 4.35%/year, 12-month term is 4.65%/year.

BVBank's 18-month interest rate after a 0.25% reduction is 5.25%/year and 24-month interest rate is 5.35%/year.

Previously, Vietnam Technological and Commercial Joint Stock Bank (Techcombank) also made a move to adjust and reduce deposit interest rates for 1-2 month terms.

Accordingly, in Techcombank's online deposit interest rate table, the bank has reduced 0.2 percentage points for deposit interest rates for 1-2 month terms to 2.25%/year.

Vietnam International Commercial Joint Stock Bank (VIB) has also adjusted its deposit interest rates down. Accordingly, the bank has adjusted down by 0.1% for deposit interest rates with terms from 6-18 months.

Specifically, in VIB's latest online deposit interest rate table, interest rates have decreased to 4%/year for 6-11 month terms and to 4.8%/year for 15-18 month terms.

Thus, since the beginning of March until now, 25 commercial banks have reduced deposit interest rates including: PGBank, NCB, KienLong Bank, BVBank, Dong A Bank, MB, Techcombank, Saigonbank, BIDV, Sacombank, BaoViet Bank, GPBank, PVCombank, Agribank, SCB, ABBank, ACB, Agribank, VPBank, SeABank, CBBank, OceanBank, TPBank, VietinBank, VIB .

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