Vietnam Joint Stock Commercial Bank for Investment and Development ( BIDV ) has increased deposit interest rates for the first time in over a year, by 0.2 percentage points for terms of 1-11 months from today.
According to the online interest rate table, the 1-2 month term increased to 2%/year, 3-5 months to 2.3%/year, 6-11 months to 3.3%/year.
BIDV keeps the interest rates unchanged for the remaining terms. The interest rate for 11-18 month terms is 4.7%/year, and for 24-36 month terms is 4.8%/year.
Recently, another bank in the Big 4 group also increased its deposit interest rate, VietinBank . However, after increasing by 0.2 percentage points, VietinBank reduced its deposit interest rate by 0.1 percentage points yesterday.
With the interest rate increase, BIDV is the bank with the highest mobilization interest rate (in the group of 4 State-owned commercial banks) with terms from 1-11 months.
Even the interest rate for 1-11 month terms at BIDV is 0.4 percentage points higher than Agribank and Vietcombank.
Also today, Construction Bank (CB) increased 0.5 percentage points for deposits with terms from 6-36 months. Specifically, the 6-month term is 4.5%/year, 7-11 months is 4.45%/year, 12 months is 4.65%/year. The 13-36 month term has the highest interest rate of 4.9%/year.
CB keeps deposit interest rates for terms of 1-2 months at 3.1%/year, and for terms of 3-5 months at 3.3%/year.
Apart from CB and BIDV, interest rates at other banks remained unchanged this morning.
Since the beginning of April, a series of banks have increased deposit interest rates including: HDBank, MSB, Eximbank, NCB, VPBank, KienLong Bank, VietinBank, Bac A Bank, GPBank, OceanBank, BVBank, PVComBank, CB, BIDV.
Of which, VPBank is the first bank to increase interest rates for the second time this month. Previously, VPBank, Eximbank, SHB, and Saigonbank increased interest rates.
Some banks such as NCB and Eximbank adjusted interest rates up for some terms while adjusting them down for the remaining terms.
Banks that have reduced deposit interest rates since the beginning of the month include: Vietcombank, PGBank, SCB, Techcombank, ABBank, Dong A Bank, Viet A Bank, Eximbank, Nam A Bank, NCB, VIB, VietinBank. Of which, SCB has adjusted deposit interest rates down twice.
| HIGHEST DEPOSITS INTEREST RATE TABLE ON APRIL 25 (%/YEAR) | ||||||
| BANK | 1 MONTH | 3 MONTHS | 6 MONTHS | 9 MONTHS | 12 MONTHS | 18 MONTHS |
| OCB | 3 | 3.2 | 4.6 | 4.7 | 4.9 | 5.4 |
| HDBANK | 2.95 | 2.95 | 4.6 | 4.4 | 5 | 5.9 |
| VIETBANK | 3 | 3.4 | 4.5 | 4.7 | 5.2 | 5.8 |
| CBBANK | 3.1 | 3.3 | 4.5 | 4.45 | 4.65 | 4.9 |
| NCB | 3.2 | 3.5 | 4.45 | 4.65 | 5 | 5.5 |
| KIENLONGBANK | 3 | 3 | 4.4 | 4.8 | 5 | 5.5 |
| BAC A BANK | 2.95 | 3.15 | 4.35 | 4.45 | 4.85 | 5.25 |
| NAM A BANK | 2.7 | 3.4 | 4.3 | 4.7 | 5.1 | 5.5 |
| BAOVIETBANK | 3 | 3.25 | 4.3 | 4.4 | 4.7 | 5.5 |
| VIET A BANK | 2.9 | 3.2 | 4.3 | 4.3 | 4.8 | 5.1 |
| PVCOMBANK | 3.15 | 3.15 | 4.3 | 4.3 | 4.8 | 5.3 |
| ABBANK | 2.9 | 3 | 4.3 | 4.1 | 4.1 | 4.1 |
| SHB | 2.8 | 3 | 4.2 | 4.4 | 4.9 | 5.2 |
| VPBANK | 2.7 | 3 | 4.2 | 4.2 | 4.8 | 4.8 |
| GPBANK | 2.5 | 3.02 | 4.15 | 4.4 | 4.85 | 4.95 |
| EXIMBANK | 3 | 3.3 | 4.1 | 4.1 | 4.9 | 5.1 |
| MSB | 3.5 | 3.5 | 4.1 | 4.1 | 4.5 | 4.5 |
| BVBANK | 2.85 | 3.1 | 4.1 | 4.35 | 4.7 | 5.25 |
| LPBANK | 2.6 | 2.7 | 4 | 4.1 | 5 | 5.6 |
| VIB | 2.5 | 2.7 | 4 | 4 | 4.8 | |
| DONG A BANK | 2.8 | 3 | 4 | 4.2 | 4.5 | 4.7 |
| OCEANBANK | 2.9 | 3.2 | 4 | 4.1 | 5.4 | 5.9 |
| SAIGONBANK | 2.3 | 2.5 | 3.8 | 4.1 | 5 | 5.6 |
| PGBANK | 2.6 | 3 | 3.8 | 3.8 | 4.3 | 4.8 |
| TPBANK | 2.5 | 2.8 | 3.8 | 4.7 | 5 | |
| SACOMBANK | 2.3 | 2.7 | 3.7 | 3.8 | 4.7 | 4.9 |
| MB | 2.2 | 2.6 | 3.6 | 3.7 | 4.6 | 4.7 |
| TECHCOMBANK | 2.25 | 2.55 | 3.55 | 3.55 | 4.45 | 4.45 |
| ACB | 2.3 | 2.7 | 3.5 | 3.8 | 4.5 | |
| BIDV | 2 | 2.3 | 3.3 | 3.3 | 4.7 | 4.7 |
| SEABANK | 2.7 | 2.9 | 3.2 | 3.4 | 3.75 | 4.6 |
| VIETINBANK | 1.8 | 2.1 | 3.1 | 3.1 | 4.7 | 4.7 |
| AGRIBANK | 1.6 | 1.9 | 3 | 3 | 4.7 | 4.7 |
| VIETCOMBANK | 1.6 | 1.9 | 2.9 | 2.9 | 4.6 | 4.6 |
| SCB | 1.6 | 1.9 | 2.9 | 2.9 | 3.7 | 3.9 |
Last week, the SBV injected a net VND89,463 billion in the open market. Through the term purchase method, the SBV injected VND32,863.1 billion (7-day term, average interest rate 4%). The amount of newly issued treasury bills was VND13,100 billion (28-day term, average interest rate 3.64%), while 69,700 previously issued bills have matured.
Interbank interest rates for overnight and 1-week terms decreased by 0.25% and 0.09% to 3.93% and 4.24%, respectively, while the 2-week interbank interest rate stood at 4.24%. The SBV's net injection for 3 consecutive weeks has helped improve liquidity in the market, pulling down interbank interest rates.
HA (according to Vietnamnet)Source
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