Contrary to the downward trend, Vietnam Maritime Commercial Joint Stock Bank (MSB) suddenly increased its long-term deposit interest rates. MSB adjusted its deposit interest rates for terms from 15 to 36 months from 5.5%/year to 6.2%/year.
MSB has kept the interest rates for the remaining terms unchanged, almost the lowest among joint stock commercial banks. Specifically, the interest rate for 1-5 month deposits is 3.8%/year, 6-8 month deposits is 5%/year, 9-10 month deposits is 5.4%/year, and 12-13 month deposits has an interest rate of 5.5%/year.
MSB still maintains the “special interest rate” for online deposits. Customers receive 0.5 percentage points higher interest rates. The highest interest rate is up to 6.7%/year for term deposits of 15 months or more. The condition to enjoy the “special interest rate” is a maximum deposit amount of 5 billion VND, only applicable to customers who do not have a savings book at MSB at the time of opening a savings account.
National Commercial Joint Stock Bank (NCB) has just reduced its deposit interest rates for the second time in October. The specific reduction is 0.2 percentage points for 1-5 month term deposits and 0.3 percentage points for 6-60 month term deposits.
The 1-5 month term is now 4.45%/year. The 6-8 month term has also officially left the 6%/year threshold after falling to 5.7%/year. Similarly, the bank interest rate for the 9-11 month term is now only 5.9%/year.
Currently, only online deposits with terms from 13 to 60 months are still listed by NCB at over 6%/year, at 6.1%/year after decreasing from 6.4%/year.
For savings deposits at the counter, NCB announced an interest rate 0.15 percentage points lower than online deposits for deposit terms of 6 months or more. Meanwhile, the interest rate for deposits with terms of less than 6 months is no different from online deposits.
Similarly, Viet A Commercial Joint Stock Bank (Viet A Bank) also reduced interest rates for the third time this October. This is the third bank to reduce deposit interest rates three times in a month, along with VietBank and Bac A Bank .
However, in this adjustment, Viet A Bank only reduced the mobilization interest rates for terms from 6 to 13 months. The bank interest rate for online deposits with terms of 6 to 11 months decreased by 0.2 percentage points to 5.6%/year. The 12 to 13 month term only decreased slightly by 0.1 percentage points, so the mobilization interest rate for these terms remained at 6%/year.
Meanwhile, interest rates for the remaining terms remain the same, with 15-month term at 6.2%/year, 18-month term at 6.3%/year, and 24-36-month term at 6.4%/year.
Interest rates for 1-5 month terms remain at 4.5%/year.
For counter deposits, customers will receive interest rates 0.2 percentage points lower than online deposits for all terms.
However, Viet A Bank said that the bank can apply interest rates different from the listed interest rate table for some customers and not exceed the maximum interest rate prescribed by the State Bank for each term.
According to statistics from the beginning of October, 25 banks have reduced deposit interest rates, including: BVBank, PVCombank, VIB, Sacombank, VietBank, SCB, VPBank, SHB , BIDV, VietinBank, HDBank, BaoViet Bank, Techcombank, SeABank, Viet A Bank, PG Bank, Dong A Bank, Vietcombank, LPBank, Nam A Bank, CBBank, ACB, Bac A Bank, and NCB.
Of which, CBBank, VIB, Vietcombank, SHB, Dong A Bank, PG Bank, Nam A Bank, HDBank , LPBank, and NCB are the banks that reduced their deposit interest rates twice this month. VietBank, Viet A Bank, and Bac A Bank reduced their interest rates for the third time this month. On the contrary, there were banks that increased their deposit interest rates, namely GPBank and MSB.
| HIGHEST DEPOSITS INTEREST RATE TABLE ON OCTOBER 31 (%/year) | ||||||
| BANK | 1 MONTH | 3 MONTHS | 6 MONTHS | 9 MONTHS | 12 MONTHS | 18 MONTHS |
| PVCOMBANK | 3.95 | 3.95 | 6.1 | 6.1 | 6.2 | 6.5 |
| BAOVIETBANK | 4.4 | 4.75 | 5.8 | 5.9 | 6.1 | 6.4 |
| OCEANBANK | 4.6 | 4.6 | 5.8 | 5.9 | 6.1 | 6.5 |
| NCB | 4.45 | 4.45 | 5.7 | 5.75 | 5.9 | 6.1 |
| CBBANK | 4.2 | 4.3 | 5.7 | 5.8 | 6 | 6.1 |
| HDBANK | 4.05 | 4.05 | 5.7 | 5.5 | 5.9 | 6.5 |
| VIET A BANK | 4.5 | 4.5 | 5.6 | 5.6 | 6 | 6.3 |
| BAC A BANK | 4.55 | 4.55 | 5.6 | 5.7 | 5.8 | 6.1 |
| BVBANK | 4.4 | 4.7 | 5.55 | 5.65 | 5.75 | 5.75 |
| DONG A BANK | 4.5 | 4.5 | 5.5 | 5.6 | 5.85 | 5.85 |
| GPBANK | 4.25 | 4.25 | 5.45 | 5.55 | 5.65 | 5.75 |
| VIETBANK | 4.4 | 4.4 | 5.4 | 5.5 | 5.8 | 6.4 |
| SHB | 3.8 | 4.1 | 5.4 | 5.6 | 5.8 | 6.3 |
| KIENLONGBANK | 4.75 | 4.75 | 5.4 | 5.6 | 5.7 | 6.4 |
| SCB | 4.5 | 4.5 | 5.35 | 5.45 | 5.65 | 5.65 |
| SACOMBANK | 3.7 | 3.9 | 5.3 | 5.6 | 6.2 | 6.4 |
| OCB | 4.1 | 4.25 | 5.3 | 5.4 | 5.5 | 5.9 |
| SAIGONBANK | 3.4 | 3.6 | 5.2 | 5.4 | 5.6 | 5.6 |
| VIB | 3.9 | 4.1 | 5.2 | 5.2 | 5.7 | |
| EXIMBANK | 4 | 4 | 5.2 | 5.5 | 5.6 | 5.8 |
| PG BANK | 3.8 | 3.8 | 5.1 | 5.3 | 5.4 | 6.2 |
| LPBANK | 3.8 | 4 | 5.1 | 5.2 | 5.6 | 6 |
| MB | 3.5 | 3.8 | 5.1 | 5.2 | 5.4 | 6.1 |
| VPBANK | 3.9 | 3.95 | 5 | 5 | 5.3 | 5.1 |
| ACB | 3.5 | 3.7 | 5 | 5.1 | 5.5 | |
| TPBANK | 3.8 | 4 | 5 | 5 | 5.55 | 6 |
| MSB | 3.8 | 3.8 | 5 | 5.4 | 5.5 | 6.2 |
| TECHCOMBANK | 3.55 | 3.75 | 4.95 | 5 | 5.35 | 5.35 |
| NAMA BANK | 4.65 | 4.65 | 4.9 | 5.2 | 5.7 | 6.1 |
| ABBANK | 3.7 | 3.9 | 4.9 | 4.9 | 4.7 | 4.4 |
| SEABANK | 4 | 4 | 4.8 | 4.95 | 5.1 | 5.1 |
| AGRIBANK | 3.4 | 3.85 | 4.7 | 4.7 | 5.5 | 5.5 |
| VIETINBANK | 3.4 | 3.75 | 4.6 | 4.6 | 5.3 | 5.3 |
| BIDV | 3.2 | 3.5 | 4.4 | 4.4 | 5.3 | 5.3 |
| VIETCOMBANK | 2.8 | 3.1 | 4.1 | 4.1 | 5.1 | 5.1 |
Source
Comment (0)