Southeast Asia Bank (SeABank) has just applied a new interest rate schedule with a sharp decrease in many terms. Accordingly, customers who deposit savings for 1-2 months at this bank will receive an interest rate of 2.95%/year; 3-5 month terms will receive 3.45%/year and long-term terms of 15 months or more will receive 5.45%/year... These interest rates are about 0.25 percentage points lower than before.

An Binh Bank (ABBANK) also unexpectedly reduced savings interest rates by 0.2 - 0.3 percentage points for most online deposit terms. Accordingly, customers who deposit savings for a 3-month term will only receive 4%/year; 6-month term will be reduced to 5.3% and 9-month term to 5.5%.

For long-term, the 12-month interest rate decreased by 0.2 percentage points, down to 6%/year. Despite the interest rate reduction, ABBANK is still one of the banks with long-term interest rates around 6%/year.

These are two banks that have "turned around" amid the wave of input interest rate increases over the past several months. According to ABBANK, the interest rate reduction is aimed at optimizing input prices to have good lending interest rates for customers who need to borrow capital.

Statistics from MB Securities Company (MBS) show that by the end of July, a total of 20 banks (including 5 major banks MBB, VPB, ACB, Sacombank and BIDV) had adjusted their deposit interest rates by 0.1 - 0.7 percentage points. Interest rates at some banks have exceeded 6%/year in the context of credit growth increasing 3 times faster than the rate of capital mobilization.

MBS forecasts that the 12-month deposit interest rate of major commercial banks may increase by 0.5 percentage points to 5.2% - 5.5% per year by the end of this year. However, the output interest rate will remain at the current level in the context of management agencies and commercial banks making efforts to support businesses in accessing capital.

Experts from Rong Viet Securities Company also commented that from now until the end of the year, an increase in deposit interest rates of about 0.5 - 1 percentage point is appropriate based on expected fluctuations in exchange rates and policy interest rates.

Regarding lending interest rates, statistics from the State Bank show that lending interest rates decreased by about 0.9 percentage points in the first 5 months of the year, faster than the rate of decrease in deposit interest rates.