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deposit interest rates
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Banks lower deposit interest rates to below 6%
Four state-owned banks and a dozen private lenders have dropped their deposit interest rates to below 6%from as high as7.5-8% earlier this year.
Bank deposit interest rates continue to fall
Many banks have cut deposit interest rates this month, bringing the average rate to below 9.
Bank deposit interest rates keep falling
Banks have been steadily cutting deposit interest rates, which have reached around 8%, a move aimed at reducing lending rates to support businesses.
May 9, 2023 | 02:11 am PT
Central bank to cut deposit interest rate ceiling from Monday
The central bank on Friday said it would cut caps on interest rates of dong-denominated deposits from April 3, by 0.5 percentage points to between 0.5% and 6.0% depending on maturities.
March 31, 2023 | 06:29 am PT
Deposit interest rates tumble
Banks have cut deposit interest rates from 0.1-0.7 percentage points in the past two weeks, bringing the general interest rate down to less than 9% a year.
March 28, 2023 | 03:00 am PT
Banks reduce deposit interest rates
Banks have cut deposit interest rates by 0.3-0.5 percentage points after Prime Minister Pham Minh Chinh called on them to foster economic recovery.
March 6, 2023 | 06:59 pm PT
Deposit interest rates continue to decrease
Commercial joint stock banks have continued to lower deposit interest rates since the middle of this month, a move that is expected to help reduce lending rates and support businesses.
February 22, 2023 | 11:40 pm PT
Deposit interest rates reach 11.45%
Over 20 banks are listing deposit interest rates of 9-10% a year, and smaller lenders are offering negotiable interest rates of up to 11.45% for deposits over a hundred million dong (VND100 million=$4,264).
February 1, 2023 | 08:24 pm PT
Banks lower deposit interest rates
Banks have lowered deposit rates by 0.4-1.1 percentage points, but the rates have remained relatively high across the board.
December 21, 2022 | 03:00 pm PT
Bank deposit interest rates surpass 10%
Some banks have hiked deposit interest rates to 10-10.35% amid low liquidity in the system.
November 25, 2022 | 06:27 pm PT
Public banks join race to hike deposit interest rates
The four state-owned lenders, Vietcombank, BIDV, Vietinbank and Agribank, have hiked their deposit interest rates by 0.8-1.3 percentage points.
October 28, 2022 | 07:27 pm PT
Banks in race to hike deposit interest rates
Interest rates on bank deposits have surged back to the pre-Covid levels, with VietABank offering the highest rate of 8.7%.
October 13, 2022 | 09:27 pm PT
Millions deposit money in fintech apps despite unadvertised risks
Millions of people are depositing money in fintech companies that are offering attractive interest rates despite risks related to lack of regulation.
October 8, 2022 | 09:17 pm PT
Banks further cut deposit interest rates
Many banks have cut deposit interest rates marginally, continuing a trend that began last year as the Covid-19 pandemic hurt businesses.
February 11, 2021 | 09:00 pm PT