Bank interest rates increased sharply across the board

On the morning of May 6, many more banks simultaneously increased deposit interest rates for most terms.

Specifically, the Vietnam Joint Stock Commercial Bank for Industry and Trade (BVBank) increased its deposit interest rates by 0.1 - 0.2 percentage points for terms of 1-12 months. The interest rates for terms of 1-2 months increased by 0.15 percentage points, to 3.1%/year and 3.2%/year, respectively.

Many banks increase deposit interest rates.

Interest rates for 3-month terms increased by 0.1% per year to 3.2% per year. Interest rates for 4-5 months increased by 0.15% to 3.3% and 3.4% per year. Interest rates for 6-7 months increased by 0.15% to 4.25% - 4.35% per year.

For terms of 8 - 11 months, this bank also simultaneously adjusted the increase by 0.2 percentage points.

For 12-month term, interest rate increased by 0.15%, up to 4.85%/year.

Meanwhile, Vietnam Construction Commercial Joint Stock Bank (CBBank) sharply increased interest rates by 0.35 percentage points for terms from 6 months to 36 months.

Specifically, the 6-month term increased by 0.35% to 4.85%/year. The interest rate for 7-11 month terms was also increased to 4.8%/year.

12-month term, interest rate returns to 5%/year, 13-36-month term has interest rate of 5.2%/year.

Notably, Sacombank has just sharply increased interest rates by 0.5 percentage points for 3-month terms, to 3.2%/year.

For 1-2 month terms, interest rates increased by 0.4 percentage points to 2.7% and 2.9% per year. Interest rates for 4-5 month terms were also listed at 2.8% per year after increasing by 0.3 percentage points.

The latest 6-month term deposit interest rate is 4%/year, 7-8 month term is 3.9%/year, 9 month term is 4.1%/year and 10-11 month term is 3.9%/year, all up 0.3%.

Interest rate for 12-month term is 4.9%/year, 13-month term is 4.7%/year, both increased by 0.2%.

Interest rates posted at bank counters 6/5:

Bank	Term 03 months	Term 06 months	12-month term	24-month term
Agribank	1.9	3.0	4.7	4.7
Vietcombank	1.9	2.9	4.6	4.7
Vietinbank	2.0	3.0	4.7	4.8
BIDV	2.0	3.0	4.7	4.7
ABBank	3.0	4.3	4.0	4.2
ACB	2.5	3.3	4.3	4.4
North Asia Bank	3.15	4.5	5.1	5.5
Bao Viet Bank	3.25	4.2	4.7	5.5
BVBank	3.1	4.2	4.8	5.3
CBBank	3.2	4.7	4.85	5.1
Dong A Bank	3.85	4.83	5.47	5.52
Eximbank	3.2	4.0	4.8	5.1
HDBank	2.45	4.5	4.9	5.4
GPBank	2.97	3.8	4.5	4.6
Hong Leong Bank	2.5	3.2	3.4	2.5
Kien Long Bank	2.8	4.2	4.8	5.3
LPBank	2.1	3.2	5.0	5.3
MBBank	2.5	3.5	4.5	5.6
MSB	3.0	3.8	4.2	4.2
Nam A Bank	3.4	4.2	5.0	5.4
NCB	3.4	4.35	4.9	5.4
OCB	3.1	4.5	4.8	5.8
Ocean Bank	3.2	4.0	5.3	5.9
PGBank	3.0	4.0	4.3	5.2
PVCombank	2.85	4.0	4.5	4.8
Sacombank	2.8	3.8	4.7	5.0
Saigonbank	2.5	3.8	5.0	5.7
SCB	1.9	2.9	3.7	3.9
SeABank	2.9	3.0	3.55	4.6
SHB	3.0	4.2	4.9	5.5
Techcombank	2.3	3.4	4.3	4.3
TPBank	2.8	3.6	4.7	5.1
VBBank	3.4	4.4	5.1	5.7
VIB	2.6	3.9	4.5	4.9
Viet A Bank	3.1	4.1	4.6	5.0
VPBank	2.9	4.1	4.7	5.1

Source: https://baolaocai.vn/lai-suat-ngan-hang-dong-loat-tang-manh-post383710.html