3 more banks have new moves on interest rates

On March 28, the Vietnam Joint Stock Commercial Bank for Industry and Trade (BVBank) made changes to its deposit interest rate table. Specifically, for regular over-the-counter deposit products, the bank reduced the interest rate by 0.1% per year for terms from 6 to 12 months.

Thus, customers depositing money at BVBank enjoy the following interest rates: 5.1%/year for a 6-month term; 5.15%/year for a 7-month term; 5.2%/year for an 8-month term; 5.25%/year for a 9-month term; 5.3%/year for a 10-month term; 5.35%/year for an 11-month term; 5.55%/year for a 12-month term. Notably, customers can still enjoy interest rates above 6% if they deposit money for 48 and 60 months at BVBank.

3 banks adjust interest rates in the last days of March

Loc Phat Vietnam Commercial Joint Stock Bank (LPBank) has also announced a new interest rate reduction of 0.1%/year for terms of 12 months or more. Thus, customers depositing money at LPBank (over-the-counter deposit product, receiving interest at the end of the term) will enjoy a new interest rate of 5%/year for terms of 12 months; 5.3%/year for terms of 18, 24 and 36 months. This is the second adjustment in March by LPBank. Previously, this bank adjusted interest rates for many terms on March 3.

Vietnam Prosperity Joint Stock Commercial Bank (VPBank) has also just joined the race to reduce bank interest rates. Accordingly, VPBank reduced interest rates by 0.1%/year for all deposit terms, for both counter and online deposits. Depositing money at VPBank for counter products, customers will receive the highest interest rate of 5.4%/year for terms of 24 and 36 months, the lowest is 3.6%/year for terms of 1 month. However, this interest rate only applies to customers with an amount of money under 1 billion VND. Customers with an amount of money over 1 billion VND will enjoy different interest rates at VPBank.

Thus, up to this point, about 27 banks have adjusted their interest rates down after the call of the management agency.

Source: https://thoibaonganhang.vn/them-3-ngan-hang-co-dong-thai-moi-ve-lai-suat-162059.html