Many commercial banks increases deposit interest rate

Update: 16:29 | 02/11/2022

(BGO) – Implementing the direction from State Bank of Vietnam about adjusting the deposit interest rates, since October 28, many commercial banks in Bac Giang province have increased the deposit interest rate of organizations and individuals.

The interest rate is highly increased. Particulalry, Bac Giang Branch of Joint Stock Commercial Bank of Foreign Trade of Vietnam decided to increase interest for one to six month terms. The deposit interest rate for one month term is up to 4.6 percent per year from 3.1 percent; three month term up to 5.4 percent per year from 3.4 percent; six month term up to 6 percent per year from 4 percent.

Commercial banks, deposit interest rate, Bac Giang province, State Bank of Vietnam, highly increased, long term, shorterm, bank loan

Illustrative image.

Meanwhile, the Bac Giang Branch of Vietnam Joint Stock Commercial Bank of Industry and Trade adjusted the interest rate for two to 36 month terms with corresponding increase up to 0.8 to 1.3 percent per year comparing to the rate of one month ago.

Besides, the Bac Giang Branch 2 of Vietnam Bank for Agriculture and Rural Development (Agribank) also raised the interest rate for customers for their deposit in various terms such as one month to less than three month with 4.9 percent per year, three to less than six months with 5.4 percent per year, six to less than 12 months with 6.1 percent and above 12 months wit 7.4 percent per year.

The Bac Giang branch of Agribank gave a nod to adjust deposit interest rate up one to two percent per year against the rate at late September 2022.

 

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