After continuously adjusting downwards in the first 3 months of 2024, banks have moved to increase savings interest rates again since the end of March until now.
Ban Viet Commercial Joint Stock Bank (BVBank) has just adjusted to increase savings interest rates by 0.05 percentage points for 3-month, 6-month and 12-month terms, effective from today, April 24.
Specifically, the online savings interest rate for the 3-month term increased to 3.1%/year, the 6-month term increased to 4.1%/year and the 12-month term was also adjusted to increase to 4.7%/year. .
Savings interest rates at other terms remain unchanged. Accordingly, savings interest rates for terms of 1 – 2 months remain unchanged at 2.85% – 2.95%/year, for terms of 4 – 5 months at 3.15% – 3.25%/year, respectively. 7 month term is 4.15%/year, 8 month term is 4.25%/year, 9 month term is 4.35%/year.
At longer terms, this bank also kept the interest rate unchanged for 18 months at 5.25%/year and 24 months continued to remain unchanged at 5.35%/year.
Besides BVBank, Vietnam Public Commercial Joint Stock Bank (PVComBank) also increased deposit interest rates. According to the latest online deposit interest rate table, PVComBank increased 0.3 percentage points of deposit interest rates for terms from 1-5 months to 3.15%/year.
Online deposit interest rates for 18-36 month terms were also increased by this bank by 0.2 percentage points to 5.3%/year.
PVComBank maintains the deposit interest rate for the remaining terms, 6-11 month terms have an interest rate of 4.3%/year and 12-month terms have an interest rate of 4.8%/year.
Since the beginning of April, some banks have also adjusted interest rates with increases ranging from 0.1 – 0.2% at different terms.
Notably, a Big 4 bank is Vietinbank also adjusted to increase interest rates, with an increase of 0.2 percentage points applicable to deposits from 300 million VND to less than 1 billion VND and deposits of 1 billion VND or more.
Specifically, the savings interest rate for terms of 1 – 2 months increased to 1.9%/year, for terms from 3 months to less than 6 months is 2.2%/year, for terms from 6 months to less than 11 months is 3 ,2 years.
For terms of 11 months to less than 12 months, Vietinbank lists interest rates at 4.5%/year. For terms from 12 months to less than 24 months, the interest rate remains unchanged at 4.7%/year. Meanwhile, interest rates for terms of 24 – 36 months returned to 5%/year.
For customers with deposits of 1 billion VND or more, the savings interest rate increased by an average of 0.4 percentage points. Savings interest rates for terms of 1 – 2 months increase to 2.1%/year, from 3 months to less than 6 months is 2.4%/year, for terms of 6 months to less than 11 months are 3.4%/year .
The interest rate for terms of 11 to less than 12 months is 4.5%/year. For terms from 12 months to less than 24 months, the interest rate remains unchanged at 4.7%/year. Interest rates for terms of 24 – 36 months are listed at 5%/year.
