Adjustments in Savings Interest Rates by 3 Banks at the Beginning of March

Latest interest rates in March from BVBank

BVBank has officially adjusted the deposit interest rates since March 4th. In specific terms, the average deposit interest rates have decreased by 0.3-0.4% at different tenors.

Specifically, for the tenors of 1-4 months, the deposit interest rates have decreased by 0.4%, to 3.3% per annum (1 month), 3.35% per annum (2 months), 3.4% per annum (3 months), and 3.45% per annum (4 months).

For the 5-month tenor, the interest rate has dropped by 0.3% to 3.5% per annum. Meanwhile, the bank has also reduced the interest rates by 0.25% for the tenors of 6, 7, and 8 months, resulting in the rates of 4.4%, 4.45%, and 4.5% per annum, respectively.

Similarly, at the 9-month tenor, the interest rate has decreased by 0.2% to 4.6% per annum, and for the 10-month tenor, it is now 4.65% per annum. The 11-month tenor is subject to a 4.7% per annum interest rate. Finally, the deposit interest rate for the 12-month tenor has reduced by 0.15% to 4.8% per annum.

For the tenors longer than 15 months, the interest rates remain above 5% per annum. However, compared to the most recent adjustments, the decrease in interest rates ranges from 0.1% to 0.25% on average. Specifically, the interest rate for the 15-month tenor is 5.3% per annum, 5.5% per annum for the 18-month tenor, and the highest rate of 5.6% per annum for the 24-month tenor.

Latest interest rates in March at BaoViet Bank

BaoViet Bank has also decreased the average interest rate by 0.2% per annum for some tenors.

For the end-of-term interest payment method, the interest rates for various tenors have decreased by an average of 0.2%. Specifically, the interest rates for the 1-month and 2-month tenors have been fixed at 3.2% per annum. BaoViet Bank offers a rate of 3.55% per annum for the 3-month tenor. The interest rate of 3.4% per annum is implemented for the 4-month and 5-month tenors.

For the 6-month tenor, the savings interest rate is 4.5% per annum. The rates of 4.55% per annum are applicable to the 7-month and 8-month tenors. From the 9th to the 11th month, the interest rates are set at 4.6% per annum. The interest rate for the 12-month tenor is 5% per annum. For the 13-month tenor, the deposit interest rate is 5.2% per annum. The highest interest rate from 15-month to 36-month tenors is 5.3% per annum.

Latest interest rates in March at PGBank

PGBank has reduced the deposit interest rates by an average of 0.2% per annum. Currently, the applicable interest rates are 2.9% (1 month), 3% (2 months), and 3.3% per annum (3 months).

For the 6-month tenor, the interest rate has decreased by 0.1% to 4.1% per annum. On the other hand, the bank has also reduced the interest rates by 0.2% for the tenors of 9 to 13 months, corresponding to interest rates from 4.2% per annum to 4.8% per annum.

From the 18-month tenor to the 36-month tenor, the interest rates remain unchanged. Specifically, the interest rate for the 18-month tenor is 5.1% per annum, and for the remaining tenors, it is 5.2% per annum.