According to the latest data released by the State Bank, people's deposits at credit institutions by the end of April reached VND 7,537 trillion, up 6.69% compared to the end of 2024, equivalent to an increase of nearly VND 500,000 billion. Compared to the previous March, people's deposits increased by more than VND 67,600 billion.
Deposits of economic organizations reached nearly 7.63 million billion VND, down 0.55% compared to the end of 2024. However, compared to the end of March, corporate deposits increased by more than 104,913 billion VND.
Thus, in April, individuals and economic organizations "poured" more than 172,000 billion VND into the banking system. In the previous March, the banking system also had nearly 262,000 billion VND from individuals and economic organizations.
The total amount of money of individuals and economic organizations in the banking system by the end of April reached more than 15.1 quadrillion VND - a record level. This figure by the end of the previous April was 14.98 quadrillion VND.
Bank deposits continued to increase despite the massive reduction in interest rates by commercial banks in April. After a period when banks raised their deposit interest rates above 6%/year, higher than the average level in many previous months, by April this interest rate had almost “disappeared”.
Savings deposited in banks exceed 15 million billion VND (Photo: Manh Quan).
Currently, according to Dan Tri reporters, there is only one bank in the market that pays interest rates of 6%/year or more for a 12-month term, the rest has common interest rates of 4.5-5.5%/year. The group of state-owned banks listed interest rates for a 12-month term at 4.6-4.8%/year.
With a term of 6 months, the average interest rate is only 3-5%/year. Of which, the group of state-owned banks and a few other banks pay interest around 3%/year, most units in the market pay from 4%/year or more, the highest rate is 5%/year.
Source: https://dantri.com.vn/lanh-doanh/lan-dau-tien-tien-gui-vao-he-thong-ngan-hang-vuot-15-trieu-ty-dong-20250707131837254.htm
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