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VietinBank deposit interest rates for individual customers
In early March, Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) applied deposit interest rates of 0.2-5% per annum for individual deposits, with interest paid at maturity.
Specifically, deposits with a term of less than 1 month have an interest rate of 0.2% per annum;
Deposits with a term of 1 month to less than 3 months have an interest rate of 1.9% per annum;
Deposits with a term of 3 months to less than 6 months will earn a flat interest rate of 2.2% per annum;
VietinBank applies an interest rate of 3.2% per annum for deposits with a term of 6 months to less than 12 months;
Individual customers will receive an interest rate of 4.8% per annum for deposits with a term of 12 months to less than 24 months;
The highest deposit interest rate currently offered by VietinBank for individual customers is 5% per annum, for deposits with a term of 24 months or more. Meanwhile, demand deposits are subject to an interest rate of 0.1% per annum.
Deposit interest rates for individual customers at VietinBank in March 2024
|
Term |
Deposit Interest rate (% per annum) |
|
No term |
0.1 |
|
Less than 1 month |
0.2 |
|
1 month to less than 2 months |
1.9 |
|
2 months to less than 3 months |
1.9 |
|
3 months to less than 4 months |
2.2 |
|
4 months to less than 5 months |
2.2 |
|
5 months to less than 6 months |
2.2 |
|
6 months to less than 7 months |
3.2 |
|
7 months to less than 8 months |
3.2 |
|
8 months to less than 9 months |
3.2 |
|
9 months to less than 10 months |
3.2 |
|
10 months to less than 11 months |
3.2 |
|
11 months to less than 12 months |
3.2 |
|
12 months |
4.8 |
|
Over 12 months to 13 months |
4.8 |
|
Over 13 months to less than 18 months |
4.8 |
|
18 months to less than 24 months |
4.8 |
|
24 months to less than 36 months |
5 |
|
36 months |
5 |
|
Over 36 months |
5 |
Source: VietinBank
VietinBank deposit interest rates for corporate customers
In early March 2024, VietinBank’s deposit interest rates for corporate customers ranged from 0.2% – 4.2% per annum, with interest paid at maturity.
Specifically, VietinBank sets an interest rate of 0.2% per annum for demand deposits or deposits with a term of less than 1 month;
An interest rate of 1.9% per annum is applied to deposits with a term of 1 month to less than 3 months;
Deposits with a term of 3 months to less than 6 months will earn an interest rate of 2.2% per annum;
Deposits with a term of 6 months to less than 12 months will receive the same interest rate of 3.2% per annum;
Longer-term deposits benefit from preferential interest rates from VietinBank. Therefore, corporate customers will enjoy an interest rate of 4.2% per annum when depositing for 12 months or more.
Deposit interest rates for corporate customers at VietinBank in March 2024
|
Term |
Deposit Interest rate (% per annum) |
|
No term |
0.2 |
|
Less than 1 month |
0.2 |
|
1 month to less than 2 months |
1.9 |
|
2 months to less than 3 months |
1.9 |
|
3 months to less than 4 months |
2.2 |
|
4 months to less than 5 months |
2.2 |
|
5 months to less than 6 months |
2.2 |
|
6 months to less than 7 months |
3.2 |
|
7 months to less than 8 months |
3.2 |
|
8 months to less than 9 months |
3.2 |
|
9 months to less than 10 months |
3.2 |
|
10 months to less than 11 months |
3.2 |
|
11 months to less than 12 months |
3.2 |
|
12 months |
4.2 |
|
Over 12 months to 13 months |
4.2 |
|
Over 13 months to less than 18 months |
4.2 |
|
18 months to less than 24 months |
4.2 |
|
24 months to less than 36 months |
4.2 |
|
36 months |
4.2 |
|
Over 36 months |
4.2 |
Source: VietinBank
Note that the above interest rates are for reference only and may vary over time as well as under different market conditions. Customers should contact the nearest VietinBank branch for detailed information.
VietinBank is currently one of the largest banks in Vietnam in terms of operations and transaction network. As of the end of 2023, VietinBank has received nearly 1,411 trillion VND in customer deposits, ranking third in the banking industry, after Agribank and BIDV.
