December 25, Vietcombank adjusts to simultaneously reduce interest rates on lower terms 12 months brings the lowest interest rate ever.
Specifically, the 1 month deposit interest rate of this bank is currently 1 9%/year; 3 months 2 2%/year; March 2%/year. For other terms, the bank does not change interest rates. Currently, the highest savings interest rate here is 4 8%/year for long terms of 12 months or more.
The interest rate level in the Big4 group (4 commercial banks with state capital) also begins to have a gap. Agribank is the next bank to reduce interest rates “stronger” than in the past.
Currently the lowest interest rate on term deposits at this bank is 2.2%/year for terms of 1-2 months. If customers deposit savings for 12 months or more, the interest rate is 5%/year and the highest is 5 3%/year for a 24-month term.
Previous There are 2 other banks BIDV and VietinBank also lowered interest rates from 0 3 to 0 4 points 100 for all terms, bringing the highest deposit interest rate for deposits of one year or less to 5%.
In the context of banks having “a surplus of money”, the loan situation is gloomy with deposit interest rates. The performance of private units is no longer significantly different from the group with state capital.
From the beginning of December until now, 25 banks have reduced interest rates, bringing high 12-term savings interest rates. especially 5 7%/year while last month there were still a few units willing to pay interest rates of 6%/year or more for this term deposit.
In December Agribank also reduced up to 0 8% for deposits under 12 months. Currently, 1-month deposits only pay interest at 2.2% per year; February 3 5% per year; The remaining 6 and 9 months are 3 2% per year.
Previously in the middle of this month the remaining two state-owned banks, VietinBank and BIDV, also lowered interest rates from 0 3 to 0 4 percentage points with All terms bring the highest deposit interest rate for deposits of one year or less to 5%.
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