Accordingly, An Binh Commercial Joint Stock Bank (ABBank) has reduced interest rates for deposits with terms from 1-12 months, starting today, February 7. On the online channel, interest rates for deposits with terms from 1-5 months have decreased by 0.15 percentage points. Currently, the 1-month term is 3%/year, the 2-month term is 3.1%/year and the 3-5 month term is 3.2%/year.
Interest rates for 6-month deposits have dropped to 4.7% per year. Previously, this term was at 5% per year, the second highest after CBBank. The 7-8 month terms have dropped by 0.2 percentage points to 4.6% per year.
ABBank adjusted down 0.1 percentage points for 9-12 month terms, now at 4.3%/year. 13-60 month terms remain at 4.4%/year.
Bac A Commercial Joint Stock Bank ( Bac A Bank ) adjusted deposit interest rates at all deposit terms with a decrease of 0.4 percentage points for terms from 1-5 months, a decrease of 0.2 percentage points for terms from 6-9 months and a decrease of 0.1 percentage points for terms from 12-36 months.
Specifically, the 1-2 month term is 3.2%/year, 3 months is 3.4%/year, 4 months is 3.6%/year and 5 months is 3.8%/year. The 6-8 month term is reduced to 4.7%/year, 9-11 months is 4.8%/year, 12-13 months is reduced to 5.1%/year, 15 months is 5.3%/year. The 18-36 month term is 5.5%/year, this is the highest mobilization interest rate at Bac A Bank.
Prosperity and Development Joint Stock Commercial Bank (PGBank) has reduced the interest rate by 0.3 percentage points for term deposits from 6 to 36 months. The 6-month term is reduced to 4.2%/year, the 9-month term is reduced to 4.4%/year, the 12-month term is reduced to 4.9%/year, the 13-month term is 5%/year, the 18-month term is 5.1%/year. The 24-36-month term has the highest interest rate of 5.2%/year.
PGBank keeps interest rates unchanged for 1-month (3.1%/year), 2-month (3.2%/year) and 3-month (3.5%/year) term deposits.
Vietnam International Commercial Joint Stock Bank ( VIB ) has reduced its deposit interest rates for the second time in just two consecutive days. The bank continues to adjust deposit interest rates down for terms from 1-11 months.
Specifically, the interest rate for 1-2 month terms continued to decrease by 0.1 percentage point to 2.9%/year, and for 3-5 months by 0.2 percentage point to 3.2%/year. VIB also reduced the interest rate for 6-11 month terms by 0.2 percentage point to 4.3%/year. The bank kept the interest rate for 15-18 month terms (5.2%/year) and 24-36 month terms (5.3%/year) unchanged.
Saigon Thuong Tin Commercial Joint Stock Bank ( Sacombank ) also reduced interest rates for the second time since the beginning of the month. The 1-2-3 month term decreased by 0.2 percentage points, to 2.4-2.5-2.6%/year, respectively. The 4-5 month term decreased by 0.1 percentage points, to 3.1% and 3.2%/year, respectively.
Sacombank adjusted down 0.3 percentage points of interest rate for 6-month term deposits to 3.9%/year, 7-month term deposits down 0.2 percentage points to 4.1%/year, 8-9 month term deposits down 0.2-0.3 percentage points to 4.2%/year.
Interest rates for 10-11 month terms decreased by 0.3 percentage points to 4.3-4.4%/year. Interest rates for 13 month terms decreased sharply by 0.4 percentage points to 5.1%/year.
Sacombank keeps the 12-month term interest rate unchanged at 5%/year. The 15-month term is 5.5%/year, the 18-month term is 5.6%/year, the 24-month term is 5.7%/year and the 36-month term is up to 6.2%/year.
After a series of banks reduced interest rates, especially in the last two days, up to 15 credit institutions have reduced deposit interest rates since the beginning of February, including: LPBank, Sacombank, NCB, Viet A Bank, SeABank, Techcombank, ACB, VIB, Eximbank, BVBank, KienLong Bank, ABBank, Bac A Bank, PGBank, Sacombank.
Of which, VIB and Sacombank are the first two banks to reduce interest rates for the second time since the beginning of the month.
| HIGHEST DEPOSIT INTEREST RATES AT BANKS ON FEBRUARY 7 | ||||||
| BANK | 1 MONTH | 3 MONTHS | 6 MONTHS | 9 MONTHS | 12 MONTHS | 18 MONTHS |
| CBBANK | 4.2 | 4.3 | 5.1 | 5.2 | 5.4 | 5.5 |
| VIETBANK | 3.5 | 3.7 | 4.9 | 5 | 5.3 | 5.8 |
| DONG A BANK | 3.9 | 3.9 | 4.9 | 5.1 | 5.4 | 5.6 |
| NCB | 3.9 | 4.1 | 4.85 | 4.95 | 5.3 | 5.8 |
| HDBANK | 3.15 | 3.15 | 4.8 | 4.6 | 5 | 5.9 |
| PVCOMBANK | 2.85 | 2.85 | 4.8 | 4.8 | 4.9 | 5.2 |
| BAOVIETBANK | 3.5 | 3.85 | 4.8 | 4.9 | 5.3 | 5.5 |
| GPBANK | 2.9 | 3.42 | 4.75 | 4.9 | 4.95 | 5.05 |
| ABBANK | 3 | 3.2 | 4.7 | 4.3 | 4.3 | 4.4 |
| BAC A BANK | 3.2 | 3.4 | 4.7 | 4.8 | 5.1 | 5.5 |
| BVBANK | 3.65 | 3.75 | 4.65 | 4.8 | 5.95 | 5.55 |
| VIET A BANK | 3.2 | 3.5 | 4.6 | 4.6 | 5.1 | 5.4 |
| SHB | 2.9 | 3.3 | 4.6 | 4.8 | 5 | 5.2 |
| OCB | 3 | 3.2 | 4.6 | 4.7 | 4.9 | 5.4 |
| NAMA BANK | 2.9 | 3.4 | 4.6 | 4.9 | 5.4 | 5.8 |
| KIENLONGBANK | 3.5 | 3.5 | 4.5 | 4.7 | 4.9 | 5.4 |
| OCEANBANK | 3.1 | 3.3 | 4.4 | 4.6 | 5.1 | 5.5 |
| VPBANK | 3.1 | 3.3 | 4.4 | 4.4 | 5 | 5 |
| VIB | 2.9 | 3.2 | 4.3 | 4.3 | 5.2 | |
| EXIMBANK | 3.1 | 3.4 | 4.3 | 4.3 | 4.8 | 5 |
| PGBANK | 3.1 | 3.5 | 4.2 | 4.4 | 4.9 | 5.1 |
| LPBANK | 2.6 | 2.7 | 4 | 4.1 | 5 | 5.6 |
| TPBANK | 2.8 | 3 | 4 | 4.8 | 5 | |
| SACOMBANK | 2.4 | 2.6 | 3.9 | 4.2 | 5 | 5.6 |
| SEABANK | 3.2 | 3.4 | 3.9 | 4.1 | 4.75 | 5 |
| MSB | 3.5 | 3.5 | 3.9 | 3.9 | 4.3 | 4.3 |
| SAIGONBANK | 2.5 | 2.7 | 3.9 | 4.1 | 5 | 5.4 |
| ACB | 2.6 | 3.2 | 3.9 | 4.2 | 4.8 | |
| MB | 2.6 | 2.9 | 3.9 | 4.1 | 4.8 | 5.2 |
| TECHCOMBANK | 2.35 | 2.65 | 3.75 | 3.8 | 4.75 | 4.75 |
| BIDV | 2 | 2.3 | 3.3 | 3.3 | 4.8 | 4.8 |
| AGRIBANK | 1.7 | 2 | 3.2 | 3.2 | 4.8 | 4.8 |
| VIETINBANK | 1.9 | 2.2 | 3.2 | 3.2 | 4.8 | 4.8 |
| SCB | 1.75 | 2.05 | 3.05 | 3.05 | 4.75 | 4.75 |
| VIETCOMBANK | 1.7 | 2 | 3 | 3 | 4.7 | 4.7 |
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