More banks increase interest rates

PGBank increases interest rates sharply

According to Lao Dong, on July 18, Prosperity and Development Joint Stock Commercial Bank (PGBank) issued a new interest rate schedule, recording an increase of up to 0.5 percentage points for some terms.

PGBank's deposit interest rate table records the following changes:

The 1-month term interest rate remains at 3.2%/year.

3-month term interest rate increased by 0.2 percentage points, to 3.7%/year.

Interest rates for 6-9 month terms increased by 0.5 percentage points, to 5.0%/year.

12-month term interest rate increased by 0.2 percentage points, to 5.5%/year.

The 18-month term interest rate remains at 5.8%/year.

The 36-month term interest rate remains at 5.9%/year.

Latest updated deposit interest rate table at PGBank. Screenshot.

Thus, PGBank is the 13th bank to increase interest rates since the beginning of July. According to records, banks that have increased interest rates since the beginning of the month include: NCB, Eximbank, SeABank, VIB, BaovietBank, Saigonbank, VietBank, MB, BVBank, KienLong Bank, PVCombank, VPBank, PGBank.

Which bank has interest rate above 8.0%?

There are currently 3 banks on the market listing interest rates above 8%/year for 12-13 month terms including MSB, HDBank and PVCombank.

Vietnam Maritime Commercial Joint Stock Bank - MSB currently lists an interest rate of 8.0%/year for a 13-month term with a deposit condition of 500 billion VND or more.

Ho Chi Minh City Development Joint Stock Commercial Bank - HDBank listed an interest rate of 8.1%/year for a 13-month term. Applicable to savings of at least VND500 billion or more.

Vietnam Public Joint Stock Commercial Bank - PVCombank currently has the highest interest rate; 9.5%/year for 12-month term, deposit conditions from 2,000 billion VND.

(See more banks with high interest rates HERE)

Details of savings interest rates at banks, updated on July 18, 2024

Source: https://laodong.vn/kinh-doanh/bien-dong-lai-suat-187-them-ngan-hang-tang-lai-suat-1368128.ldo