The Techcombank increase in interest rates
As noted by Labor on August 13, TMCP Bank Vietnam (Techcombank) issued a new interest rate schedule, increasing 0. 2 percentage points at 1-3 month terms.
Techcombank's online deposit rates are currently listed as follows:
The 1- to 3-month term rate increased by 0. 2 percentage points, to 3. 05-3. 25% per annum.
The interest rate for 3-5 months is 3. 25-3. 45% per annum.
The 6-11 month term interest rate is 4. 25-4. 35% per annum.
Long-term interest rates over 12 months are at 4. 95-5. 05% per annum.
The savings deposit rate spreadsheet at Techcombank's counter also noted similar changes, now listed as follows:
Interest rates for 1-3 months range from 2. 95 to 3. 15% per annum.
The 3- to 5-month term interest rate is 3. 15-3. 35% per annum.
The 6-11 month term interest rate is 4. 15-4. 25% per annum.
Long-term interest rates over 12 months are at 4. 85-4. 95% per annum.
As of August 13, the market recorded 12 banks raising their savings rates including Eximbank, ACB, Agribank, Sacombank, Saigonbank, VietBank, TPBank, CBBank, VIB, Dong A Bank, VPBank and Techcombank. It is the largest bank in Vietnam by market capitalization as well as the second-largest by assets under management.
Conversely, the savings rate market in August also recorded two banks lowering their savings rates by The SeABankABBank is listed down 0. 1-0. 3 percentage points at most of the terms; SeABank also lists down 0. 25 percentage point interest rates at periods.
(Find out more about high interest rates HERE)
Details of interest rates on deposits at banks, updated 13. 8. 2024
What do you think?
See also: https://laodong.vn/kinh-doanh/bien-dong-lai-suat-138-them-ong-lon-tang-cao-lai-suat-1379845.ldo
Comment (0)