Bank interest rates on January 10, 2024: Some banks have skyrocketed, with six-month interest rates exceeding 7%
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Bank interest rates on January 10, 2024: Some banks have skyrocketed, with six-month interest rates exceeding 7%On January 10, 2024, bank interest rates recorded an increase in the deposit maturities of some banks. Even the 10-11 month term increased by 1.9% to 7.35%/year. Financial Bank Bank Interest Rates January 10, 2024: Some banks have skyrocketed, with 6-month interest rates exceeding 7% Tuan Nguyen • {Published Date} Bank interest rates recorded increases on January 10, 2024, as two banks adjusted some deposit maturities. Even the 10-11 month term increased by 1.9% to 7.35%/year.
NCB Bank (HN:) has just released its new online interest rate table. This time the interest rate table is adjusted back to the level since mid-July 2023.
Specifically, the 1-5 month term simultaneously jumped to a cap of 4.75%/year after rising by 0.5%/year.
It is worth noting that after a sharp increase of 1.85%, the 6-7 month period rose to 7.2%/year, and the 8-9 month period rose to 7.3%/year. The 10-11 month period is adjusted to increase by 1.9% to 7.35%/year.
At NCB, the highest deposit rates are for 12- and 13-month terms, which are as high as 7.5% per year (an increase of 1.8% from before). 15-18 months term, interest rate Annual increases range from 1.4% to 7.4%. The new interest rates are 7.3%/year for 24-30 month terms, 7.2%/year for 36-month terms and 7.1%/year for 60-month terms.
Currently, NCB has the highest interest rate on all term deposits, far ahead of the average interest rate of 2-2.5%/year. This is also the first time that a bank has significantly raised its deposit interest rate to 1.9% per year.
The over-the-counter deposit interest rate of China Southern Commercial Bank has also been increased. The term of 1-5 months increases to the maximum interest rate stipulated by the State Bank of Vietnam, which is 4.75%/year.
The OTC interest rate for 6-7 months increased from 5.2%/year to 7.05%/year; for 8-9 months it increased to 7.15%/year, for 10-11 months it was 7.2%/year, and for 12-13 months The monthly rate is 7.35%/year, the 15-18 month rate is 7.25%/year, the 24-30 month term is 7.15%/year, the 36-month rate is 7.05%/year, and the 60-month rate is 6.95%/year.
Binh Commercial Joint Stock Bank (ABBank) adjusted to lower interest rates for tenors of 1-11 months, but increased the remaining tenor.
Therefore, tenors of 1-5 months are simultaneously reduced by 0.05%/year. Currently, the 1-month profit is 3.15%/year, the 2-month profit is 3.25%/year, and the 3-5 month profit is 3.35%/year. Decrease 0.1-0.3%/year, 6-month term is 5%/year, 7-8-month term is 4.8%/year, 9-11-month term is 4.4%/year.
In contrast, ABBank lists interest rates on deposits with maturities of 12-60 months, with a typical interest rate of 4.4% per year. Therefore, the 12-month term increases by 0.1% per year, the 13-36 month term increases by 0.3% per year, and the 48-60 month term increases by 0.8% per year.
Since January 2024, 11 banks have reduced deposit interest rates since entering 2024, including: BaoViet Bank, GPBank, Eximbank (HM:), SHB (HM:), Bac A Bank, Kian Leong Bank, LPBank, OCB, VIB (HM:), TPBank, ABBank. In contrast, ACB (HM:) and NCB raised deposit rates, while ABBank just raised rates for tenors between 12 and 60 months.
| Maximum deposit interest rate table on January 10, 2024 | ||||||
| bank | 1 month | 3 months | 6 months | 9 months | 12 months | 18 months |
| national commercial bank | 4.75 | 4.75 | 7.2 | 7.3 | 7.5 | 7.4 |
| HD Bank | 3.65 | 3.65 | 5.5 | 5.5 | 5.7 | 6.5 |
| vietnam bank | 3.8 | 4 | 5.3 | 5.4 | 5.7 | 6.1 |
| vietnam bank | 4,3 | 4,3 | 5.3 | 5.3 | 5,6 | 6 |
| PVC bank | 3.35 | 3.35 | 5.3 | 5.3 | 5.4 | 5.7 |
| Golden Dragon Bank | 3.95 | 3.95 | 5.2 | 5.4 | 5.5 | 6 |
| GP Bank | 3,4 | 3.92 | 5.15 | 5.3 | 5.35 | 5.45 |
| bank | 3.7 | 3.9 | 5.1 | 5.2 | 5.4 | 5.8 |
| Bao Viet Bank | 3.8 | 4.15 | 5.1 | 5.2 | 5,6 | 5.8 |
| CB Bank | 4.2 | 4,3 | 5.1 | 5.2 | 5.4 | 5.5 |
| bank of bois | 3.8 | 3.9 | 5.05 | 5.2 | 5.5 | 5.55 |
| abu bank | 3.15 | 3.35 | 5 | 4.4 | 4.4 | 4.4 |
| SHB | 3.5 | 3.8 | 5 | 5.2 | 5.4 | 5.8 |
| Bank of East Asia | 3.9 | 3.9 | 4.9 | 5.1 | 5.4 | 5,6 |
| naama bank | 3.3 | 4 | 4.9 | 5.2 | 5.7 | 6.1 |
| bank of the philippines | 3.1 | 3.5 | 4.9 | 5.3 | 5.8 | 6.1 |
| OCB | 3,4 | 3.6 | 4.8 | 4.9 | 5.1 | 5.8 |
| ocean bank | 3.7 | 3.9 | 4.8 | 5 | 5.5 | 5.7 |
| sacom bank | 3.6 | 3.8 | 4.7 | 4.95 | 5 | 5.1 |
| VIB | 3.2 | 3,4 | 4,6 | 4,6 | 5.1 | |
| Export-Import Bank | 3,4 | 3.7 | 4,6 | 5 | 5.1 | 5.5 |
| south east asia bank | 3.6 | 3.8 | 4.4 | 4.55 | 5 | 5.1 |
| LP Bank | 2.8 | 3.1 | 4,3 | 4.4 | 5.3 | 5.7 |
| People’s Bank of Vietnam | 3.3 | 3,4 | 4,3 | 4,3 | 5.1 | 5.1 |
| TP Bank | 3 | 3.2 | 4.2 | 4.9 | 5.1 | |
| bank of saigon | 2.8 | 3 | 4.2 | 4.4 | 5.1 | 5.5 |
| highest position | 3.5 | 3.5 | 4.2 | 4.2 | 4.9 | 4.9 |
| MB | 2.7 | 3 | 4.1 | 4,3 | 4.9 | 5.4 |
| Technology Bank | 2.95 | 3.15 | 4.05 | 4.1 | 4.75 | 4.75 |
| ACB | 2.9 | 3.2 | 3.9 | 4.2 | 4.8 | |
| BIDV(HM:) | 2,3 | 2.6 | 3.6 | 3.6 | 5 | 5 |
| ABC | 2 | 2.5 | 3.6 | 3.6 | 5 | 5 |
| vietnam bank | 2,2 | 2.5 | 3.5 | 3.5 | 5 | 5 |
| SCB | 1.95 | 2.25 | 3.25 | 3.25 | 4.85 | 4.85 |
| vietnam commercial bank | 1.9 | 2,2 | 3.2 | 3.2 | 4.8 | 4.8 |
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