More banks increase deposit interest rates
Data released by the State Bank recently showed that in January, deposits of residents at credit institutions increased sharply. Accordingly, people’s deposits skyrocketed by more than 103,000 billion VND in January to more than 5.4 million billion VND, equivalent to an increase of 1.95%. This is the strongest increase in residential deposits in the past 10 months.
Part of the reason may be that many banks have increased deposit rates in January and February to attract depositors. There are banks that have increased 0.3-0.8 percentage points for online savings interest rates and launched preferential gift programs. Nearly a dozen banks have listed the highest interest rates above 7%/year, some places can reach around 7.5%/year.
In March, most banks kept their interest rates unchanged, especially the Big 4 Vietcombank, Agribank, VietinBank, and BIDV, which had kept their interest rates unchanged for nearly half a year. Interest rates no longer increase hotly because after the end of the lunar year crop has passed, system liquidity has gradually stabilized.
However, there are still some banks that continue to raise interest rates this month, the common adjustment is 0.1-0.3%/year.
Specifically, BacABank has just applied a new interest rate table this week and increased in many terms compared to the previous one. From March 22, the deposit rate for individual customers with a term of 13 months increased by 0.1 percentage point to 6.7% per year.
Similarly, interest rate for 12-month term increased to 6.6%/year. In short terms, the 6-month interest rate of BacABank also increased by 0.1 percentage point to 6.1%/year.
Meanwhile, BacABank still maintains the highest interest rate at this bank at 6.8%/year, applicable to customers who deposit from 24 months or more.
MSB also updated the new interest rate table in March 2022 and increased slightly in many terms compared to the previous month. In which, the highest interest rate is 6.2%/year applied when sending online for 12 months or more, up 0.1 percentage point compared to before. For 3-month term, interest rate increased from 3.8%/year to 4%/year. Interest rate for 6-month term increased by 0.3 percentage points to 5.8%/year.
At OCB, the bank also adds about 0.1-0.3 percentage points to the deposit interest rate when depositing at the counter. Accordingly, the 36-month term interest rate when deposited at the transaction office is 6.35%/year, up 0.2 percentage points. In addition, the 12-month term interest rate increased from 5.9% to 6.1%/year. OCB still maintains the highest interest rate at 6.75%/year, applied when customers deposit online on App OCB OMNI for a term of 36 months.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
