Compared to early December, deposit interest rates at Big4 decreased from 0.4% to 0.8% depending on the term and bank. Banks mainly adjusted to reduce interest rates for terms of less than 1 year. In particular, Vietcombank is the unit that is listing the lowest deposit interest rates for individual customers in the system from 1.9%/year to 4.8%/year depending on the term.
Specifically, Vietcombank listed 1 and 2 month terms at 1.9%/year, 3 month terms at 2.2%/year, 6 and 9 month terms at 3.2%/year and 1 year or more terms. up 4.8%/year. Meanwhile, in mid-December, Vietcombank listed interest rates for 1 – 2 month terms at 2.2%/year, 3 months at 2.5%/year; at the end of November recorded the lowest level of 2.4%/year.
Agribank is the next bank to reduce interest rates “stronger” than in recent times. Currently, the lowest deposit interest rate is lowered from 2.9%/year to 2.2%/year for short terms of 1-2 months. If customers deposit savings for 12 months or more, the interest rate is 5%/year and the highest 5.3%/year for a 24-month term.
Meanwhile, VietinBank and BIDV apply the same deposit interest rate schedule, with a short term interest rate of 1-2 months of 2.3%/year. Customers depositing longer term interest rates will increase from 3-6 months to 2.9%/year.
Big4 savings interest rates at the present time
Savings interest rates decreased in the context of excess bank liquidity, but people and economic organizations still poured money into savings channels. According to data from the State Bank, as of the end of September, people’s savings deposits into the banking system reached more than 6.4 million billion VND, an increase of 9.95% compared to the end of 2022; Deposits from economic organizations also increased by 4.65% to 6.23 million billion VND.
According to surveys at some commercial banks such as: SHB bank is currently the bank with the highest interest rate for a 24-month term at 6.6%; Next comes HDBank with 6.4% for an 18-month term, finally comes BaoVietBank and KienLongBank with 6.0% – these are also rare banks with “attractive” savings interest rates above 6.0%. % at now.
Savings interest rate schedules of some commercial banks were surveyed
On the survey form, show ABBank is in the top banks with the lowest savings interest rates on the market as of now. Specifically, this bank is listing the highest rate for a 6-month term with 4.2%/year and the lowest rate with 3.7%/year for a term of 18 months or more.
The current popular savings interest rate for a 12-month term is about 5%/year.
The above savings interest rates are for individual customer deposits, receive interest at the end of the term and are volatile. Banks all have their own interest rate policies that apply to many different customers, depending on the value of the deposit. In addition, the actual deposit interest rate may change depending on the capital balance situation of each bank branch…
