Vietnam Prosperity Joint Stock Commercial Bank (VPBank) has recently made a move to increase deposit interest rates for all terms.
Accordingly, in VPBank's online deposit interest rate table, the bank adjusted the 1-month deposit interest rate up by 0.1 percentage point to 2.4%/year, applicable to deposit accounts under 10 billion VND.
Banks have simultaneously increased their interest rates for 2-36 month deposits by 0.2 percentage points. Specifically, VPBank offers an interest rate of 2.7%/year for 2-5 month deposits and 4.2%/year for 6-11 month deposits. The bank's interest rate for 12-18 month deposits has increased to 4.5%/year and for 24-36 month deposits is 4.9%/year.
Interest rates will be increased by 0.1 and 0.2 percentage points respectively for deposit accounts from 10 billion VND to less than 50 billion VND, and deposit accounts from 50 billion VND or more.
In addition, VPBank applies a priority customer policy with a minimum balance of VND 100 million and a minimum term of 1 month, which will be added 0.1%/year compared to the current listed interest rate.
Previously, Saigon - Hanoi Commercial Joint Stock Bank (SHB) also made a move to increase deposit interest rates at 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.
On the contrary, the trend of decreasing deposit interest rates continues as Asia Commercial Joint Stock Bank (ACB) has adjusted deposit interest rates down for all deposit terms.
In the latest online deposit interest rate table of this bank, the interest rate is adjusted down by 0.1 percentage point to 2.3%/year for 1-month term. Similarly, the deposit interest rate is also reduced by 0.1% for 2- and 3-month terms to 2.5% and 2.7%/year, respectively. The above interest rate applies to deposit accounts under 200 million VND.
Meanwhile, ACB adjusted down 0.2 percentage points for 6-month term deposit interest rates to 3.5%/year and 12-month term deposit interest rates to 4.5%/year. 9-month term deposit interest rates decreased 0.1 percentage points to 3.8%/year.
For deposit accounts from 200 million VND to less than 1 billion VND, ACB adds 0.1% points compared to the above interest rate table. The bank adds 0.15% points for interest rates on deposits from 1 billion VND to less than 5 billion VND, and adds 0.2% points for interest rates on deposits from 5 billion VND or more.
On the same day, Vietnam International Commercial Joint Stock Bank (VIB) also reduced online deposit interest rates to 2.5%/year for 1-month terms, 2.6%/year for 2-month terms, and 2.8%/year for 3-5 month terms.
Previously, this bank also reduced 0.1% for interest rates for terms from 6-36 months. Interest rates for online deposits for terms from 6-11 months are now 4%/year, for terms from 15-18 months are now 4.8%/year, and for terms from 24-36 months are 5%/year .
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