After increasing deposit interest rates on August 2, with an increase of 1-2%/year for terms from 1-36 months, Saigon Thuong Tin Commercial Joint Stock Bank ( Sacombank ) today (August 5) continued to increase deposit interest rates with the highest increase of up to 0.4%/year.

Accordingly, the latest online deposit interest rates at Sacombank include: 1-month term increased by 0.2%/year to 3.3%/year; 2-month term increased by 0.3%/year to 3.5%/year; 3-5 month term increased by 0.1%/year to 3.6%/year.

Sacombank has adjusted the interest rate for 6-7 month terms up by 0.4%/year to 4.9%/year. This is also the new interest rate for 8-11 month term deposits after these terms increased by 0.3%/year.

Online savings interest rates for 12-13 month terms were adjusted up by 0.2%/year to 5.4%/year, while 15 and 18 month terms were listed at 5.5% and 5.6%/year, respectively, up 0.3-0.4%/year.

The highest interest rate at Sacombank belongs to the 24-36 month term, listed at 5.7%/year after increasing from 0.3-0.4%/year.

Thus, by the 5th day of August, Sacombank had increased its deposit interest rate twice. This is also the first bank to increase its deposit interest rate for the second time since the beginning of the month.

Saigon Bank for Industry and Trade ( Saigonbank ) also increased interest rates today when this bank increased deposit interest rates for all terms, with a uniform increase of 0.3%/year. Thereby, Saigonbank also pushed interest rates up to 6-6.1%/year from today.

According to the latest online interest rate schedule announced by Saigonbank, the bank interest rate for 1-2 month term has increased to 3.3%/year; 3-5 month term has increased to 3.6%/year; 6-8 month term 4.8%/year; 9 month term 4.9%/year; 10 month term 5%/year; 11 month term 5.1%/year; 12 month term has interest rate up to 5.8%/year.

Notably, Saigonbank officially joined the group of banks listing deposit interest rates from 6%/year after raising the interest rate for 13-24 month terms to 6%/year. Even the online deposit interest rate for 36 month terms at this bank has increased to 6.1%/year.

Tien Phong Commercial Joint Stock Bank ( TPBank ) became the next bank to increase interest rates on the first day of the week with an increase of 0.2%/year for terms from 1-6 months.

Accordingly, the latest online deposit interest rates announced by TPBank include: 1-month term 3.5%/year, 3-month term 3.8%/year, 6-month term 4.7%/year.

TPBank keeps the interest rates for the remaining terms unchanged, 12-month term 5.2%/year, 18-month term 5.4%/year, and 24-36-month term 5.7%/year.

Also today, Vietnam Export Import Commercial Joint Stock Bank ( Eximbank ) became the next bank to increase deposit interest rates at the beginning of the new week.

However, Eximbank only adjusted the interest rate for 12-month deposit term. Accordingly, the online mobilization interest rate for individual customers increased by 0.4%/year to 5.4%/year (interest received at the end of the term) and to 5.2%/year for customers receiving interest monthly.

Eximbank keeps deposit interest rates unchanged for the remaining terms.

The online interest rate for monthly interest payment listed by Eximbank is 0.2%/year lower than the above interest rate schedule.

Apart from the above banks, interest rates at other banks remain unchanged.

Thus, 6 commercial banks have increased their deposit interest rates since the beginning of August, including: Agribank, Eximbank, HDBank, Sacombank, Saigonbank, and TPBank. Of which, Sacombank has increased its interest rates twice during this period.