Sacombank officially increased deposit interest rates from today, with 0.1-0.2%/year for deposit terms from 1-36 months.

According to the online interest rate table, the 1-2 month term increased by 0.1%/year to 3.1% and 3.2%/year. The 3-5 month term increased by 0.1-0.2%/year and was simultaneously listed at 3.5%/year.

Sacombank increased 0.4%/year for 6-month term to 4.5%/year, 7-8 months increased by 0.3%/year and is currently listed at 4.5%/year.

Online savings interest rates for 9-11 month terms increased by 0.3%/year, listed at 4.6%/year.

The 12 and 13 month terms officially surpassed the 4.9%/year threshold after many months to be listed at 5.2%/year from today. This is also the interest rate listed by Sacombank for 15-18 month term deposits after increasing by 0.1-0.2%/year.

The highest interest rates at Sacombank are for 24-36 month terms, at 5.3% and 5.5%/year respectively after increasing by 0.1%/year.

However, Sacombank is still in the group of commercial banks paying low deposit interest rates in the market today.

Sacombank's separate financial report for the second quarter of 2024 shows that customer deposits as of June 30 were VND544,459 billion, up 7.5% compared to the end of last year, of which term deposits accounted for approximately 80%.

However, thanks to the reduction in deposit interest rates, Sacombank's interest expense for the first 6 months of this year decreased sharply by 30% compared to the same period last year, to VND11,237 billion.

Sacombank is also the only bank that increased deposit interest rates this morning. Thus, in the first two days of August, 3 banks have increased deposit interest rates, including: Agribank, HDBank, and Sacombank.

HIGHEST DEPOSITS INTEREST RATES AT BANKS ON AUGUST 2, 2024 (%/YEAR)
BANK 1 MONTH 3 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS 18 MONTHS
AGRIBANK 1.8 2.2 3.2 3.2 4.7 4.7
BIDV 2 2.3 3.3 3.3 4.7 4.7
VIETINBANK 2 2.3 3.3 3.3 4.7 4.7
VIETCOMBANK 1.6 1.9 2.9 2.9 4.6 4.6
ABBANK 3.2 4 5 5.5 6 5.7
ACB 3 3.4 4.15 4.2 4.8
BAC A BANK 3.7 3.9 5.15 5.25 5.75 5.85
BAOVIETBANK 3.3 4 5.2 5.4 5.8 6
BVBANK 3.7 3.8 5.1 5.5 5.8 6
CBBANK 3.4 3.6 5.15 5.1 5.3 5.55
DONG A BANK 2.8 3 4 4.2 4.5 4.7
EXIMBANK 3.5 4.3 5.2 4.5 5 5.1
GPBANK 3 3.52 4.85 5.2 5.75 5.85
HDBANK 3.55 3.55 5.1 4.7 5.5 6.1
KIENLONGBANK 3.7 3.7 5.2 5.3 5.6 5.7
LPBANK 3.4 3.5 4.7 4.8 5.1 5.6
MB 3.3 3.7 4.4 4.4 5.1 5
MSB 3.7 3.7 4.6 4.6 5.4 5.4
NAM A BANK 3.1 3.8 4.6 5.1 5.4 5.7
NCB 3.7 4 5.35 5.55 5.7 6.1
OCB 3.7 3.9 4.9 5 5.2 5.4
OCEANBANK 3.4 3.8 4.8 4.9 5.5 6.1
PGBANK 3.2 3.7 5 5 5.5 5.8
PVCOMBANK 3.35 3.55 4.5 4.7 5.1 5.8
SACOMBANK 3.1 3.5 4.5 4.6 5.2 5.2
SAIGONBANK 3 3.3 4.5 4.6 5.5 5.7
SCB 1.6 1.9 2.9 2.9 3.7 3.9
SEABANK 3.2 3.7 4.4 4.54 5.25 6
SHB 3.5 3.6 4.7 4.8 5.2 5.5
TECHCOMBANK 2.85 3.25 4.25 4.25 4.95 4.95
TPBANK 3.3 3.6 4.5 5.2 5.4
VIB 3.1 3.4 4.4 4.4 4.9
VIET A BANK 3.4 3.7 4.8 4.8 5.4 5.7
VIETBANK 3.6 3.8 4.9 5 5.4 5.9
VPBANK 3.1 3.6 4.8 4.8 5.3 5.3