Finance - Banking

Bank interest rates increased sharply across the board

TH (Synthesis) May 6, 2024 14:00

On the morning of May 6, many more banks simultaneously increased deposit interest rates for most terms.

Nhiều ngân hàng tăng lãi suất huy động. (Ảnh minh họa)
Many banks increase deposit interest rates

Specifically, the Vietnam Joint Stock Commercial Bank for Industry and Trade (BVBank) increased its deposit interest rates by 0.1 - 0.2 percentage points for terms of 1-12 months. The interest rates for terms of 1-2 months increased by 0.15 percentage points, to 3.1%/year and 3.2%/year, respectively.

The 3-month term interest rate increased by 0.1% to 3.2% per year. The 4-5 month term increased by 0.15% to 3.3% and 3.4% per year. The 6-7 month term increased by 0.15% to 4.25% - 4.35% per year.

For terms of 8 - 11 months, this bank also simultaneously adjusted the increase by 0.2 percentage points.

For 12-month term, interest rate increased by 0.15%, up to 4.85%/year.

Meanwhile, Vietnam Construction Commercial Joint Stock Bank (CBBank) sharply increased interest rates by 0.35 percentage points for terms from 6 months to 36 months.

Specifically, the 6-month term increased by 0.35% to 4.85%/year. The 7-11 month terms also increased the interest rate to 4.8%/year.

12-month term, interest rate returns to 5%/year, 13-36-month term has interest rate of 5.2%/year.

For 1-2 month terms, interest rates increased by 0.4 percentage points to 2.7% and 2.9% per year. Interest rates for 4-5 month terms were also listed at 2.8% per year after increasing by 0.3 percentage points.

The latest 6-month term deposit interest rate is 4%/year, 7-8 month term 3.9%/year, 9-month term 4.1%/year and 10-11 month term 3.9%/year, all up 0.3%.

Interest rate for 12-month term is 4.9%/year, 13-month term is 4.7%/year, both increased by 0.2%.

Interest rates posted at bank counters on May 6:

BankTerm 03 monthsTerm 06 months12 month term24 month term
Agribank1.93.04.74.7
Vietcombank1.92.94.64.7
Vietinbank2.03.04.74.8
BIDV2.03.04.74.7
ABBank3.04.34.04.2
ACB2.53.34.34.4
North Asia Bank3.154.55.15.5
Bao Viet Bank3.254.24.75.5
BVBank3.14.24.85.3
CBBank3.24.74.855.1
Dong A Bank3.854.835.475.52
Eximbank3.24.04.85.1
HDBank2.454.54.95.4
GPBank2.973.84.54.6
Hong Leong Bank2.53.23.42.5
Kien Long Bank2.84.24.85.3
LPBank2.13.25.05.3
MBBank2.53.54.55.6
MSB3.03.84.24.2
Nam A Bank3.44.25.05.4
NCB3.44.354.95.4
OCB3.14.54.85.8
Oceanbank3.24.05.35.9
PGBank3.04.04.35.2
PVCombank2.854.04.54.8
Sacombank2.83.84.75.0
Saigonbank2.53.85.05.7
SCB1.92.93.73.9
SeABank2.93.03.554.6
SHB3.04.24.95.5
Techcombank2.33.44.34.3
TPBank2.83.64.75.1
VBBank3.44.45.15.7
VIB2.63.94.54.9
Viet A Bank3.14.14.65.0
VPBank2.94.14.75.1
TH (Synthesis)
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Bank interest rates increased sharply across the board