Illustration
ABBank’s Interest Rates for Counter Deposits in February 2024
According to the interest rate schedule applicable from February 7 by An Binh Commercial Joint Stock Bank (ABBank), counter deposits will earn interest ranging from 0.5% – 4.2% per year.
Specifically, the interest rate of 0.5% per year is applicable to deposits with a term of less than 1 month; the interest rate for a 1-month term is 2.65% per year; for a 2-month term, it is 2.75% per year; and for a 3-5 month term, the interest rate is 3% per year.
Deposits with a term of 6 – 8 months will enjoy the most preferential interest rate of 4.4% per year. Meanwhile, the interest rate for the 9-12 month term is 4.1% per year. ABBank applies a common interest rate of 4.2% per year for deposits with terms of 13 – 60 months.
In addition to end-of-term interest payment, ABBank also offers other interest payment options such as Quarterly interest payment (interest rate range of 3.83 – 4.38% per year); Monthly interest payment (interest rate range of 2.75 – 4.36% per year).
Interest Rates for Counter Deposits at ABBank in February 2024
|
Term |
End-of-term Interest Rate (% per year) |
Quarterly Interest Rate (% per year) |
Monthly Interest Rate (% per year) |
Prepayment Interest Rate (% per year) |
|---|---|---|---|---|
|
Open |
0.10% |
|||
|
Week |
1 |
0.50% |
||
|
2 |
0.50% |
|||
|
3 |
0.50% |
|||
|
Month |
1 |
2.65% |
2.64% |
|
|
2 |
2.75% |
2.75% |
2.74% |
|
|
3 |
3.00% |
2.99% |
2.98% |
|
|
4 |
3.00% |
2.99% |
2.97% |
|
|
5 |
3.00% |
2.99% |
2.96% |
|
|
6 |
4.40% |
4.38% |
4.36% |
|
|
7 |
4.40% |
4.35% |
4.29% |
|
|
8 |
4.40% |
4.34% |
4.27% |
|
|
9 |
4.10% |
4.06% |
4.05% |
|
|
10 |
4.10% |
4.04% |
3.96% |
|
|
11 |
4.10% |
4.03% |
3.95% |
|
|
12 |
4.10% |
4.04% |
4.02% |
|
|
13 |
4.20% (*) |
4.11% |
4.02% |
|
|
15 |
4.20% |
4.11% |
4.10% |
3.99% |
|
18 |
4.20% |
4.09% |
4.08% |
3.95% |
|
24 |
4.20% |
4.05% |
4.04% |
3.87% |
|
36 |
4.20% |
3.98% |
3.96% |
3.73% |
|
48 |
4.20% |
3.90% |
3.89% |
3.60% |
|
60 |
4.20% |
3.83% |
3.82% |
3.47% |
Source: ABBank
ABBank’s Interest Rates for Online Deposits in February 2024
In addition to counter deposits, ABBank also offers online deposits through the Esaving online channel and AB Ditizen – Msaving application. With online deposits, ABBank applies higher interest rates compared to counter deposits, ranging from 0.5% – 4.7% per year for end-of-term interest payment.
Specifically, deposits with a term of less than 1 month will receive an interest rate of 0.5% per year; for 1-month and 2-month terms, the interest rate is 3% per year and 3.1% per year, respectively; and for 3-5 month terms, the interest rate is 3.2% per year.
ABBank applies the highest interest rate of 4.7% per year for 6-month deposits.
Meanwhile, the interest rate for the 7-8 month term is 4.6% per year; the 9-12 month term is 4.3% per year. ABBank applies a common interest rate of 4.4% per year for online deposits with terms of 13 – 60 months.
In addition to end-of-term interest payment, ABBank also offers other interest payment options such as Quarterly interest payment (interest rate range of 4 – 4.67% per year); Monthly interest payment (interest rate range of 3.1 – 4.65% per year); Prepayment interest payment (interest rate range of 2.99 – 4.59% per year).
|
Term |
End-of-term Interest Rate (% per year) |
Quarterly Interest Rate (% per year) |
Monthly Interest Rate (% per year) |
Prepayment Interest Rate (% per year) |
|---|---|---|---|---|
|
Week |
1 |
0.50% |
||
|
2 |
0.50% |
|||
|
3 |
0.50% |
|||
|
Month |
1 |
3.00% |
||
|
2 |
3.10% |
3.10% |
3.08% |
|
|
3 |
3.20% |
3.19% |
3.17% |
|
|
4 |
3.20% |
3.19% |
3.17% |
|
|
5 |
3.20% |
3.18% |
3.16% |
|
|
6 |
4.70% |
4.67% |
4.65% |
4.59% |
|
7 |
4.60% |
4.55% |
4.48% |
|
|
8 |
4.60% |
4.54% |
4.46% |
|
|
9 |
4.30% |
4.25% |
4.24% |
|
|
10 |
4.30% |
4.23% |
4.15% |
|
|
11 |
4.30% |
4.22% |
4.14% |
|
|
12 |
4.30% |
4.23% |
4.22% |
|
|
13 |
4.40% |
4.31% |
4.20% |
|
|
15 |
4.40% |
4.31% |
4.29% |
4.17% |
|
18 |
4.40% |
4.28% |
4.27% |
4.13% |
|
24 |
4.40% |
4.24% |
4.22% |
4.04% |
|
36 |
4.40% |
4.15% |
4.14% |
3.89% |
|
48 |
4.40% |
4.07% |
4.06% |
3.74% |
|
60 |
4.40% |
4.00% |
3.98% |
3.61% |
Source: ABBank
