BIDV Bank has recently adjusted its savings interest rates downwards. Specifically, the online savings interest rates at BIDV have decreased by 0.2 percentage points for deposit terms from 1-11 months, from 24-36 months, and decreased by 0.1 percentage points for the 12-18 month deposit term.
Under the new interest rate chart, the current savings interest rates are as follows: 1-2 month term has an interest rate of 1.8% per year, 3-5 month term currently offers 2.1% per year, 7-11 month term has been reduced to 3.1% per year, the 12-18 month term now offers 4.7% per year, and finally, the 24-36 month term provides 4.8% per year.
Latest interest rates at BIDV Bank.
Previously, on the morning of March 18th, Saigon Commercial Bank (SCB) also officially adjusted its savings interest rates. Specifically, the savings interest rates at SCB have been reduced by 0.1 percentage points for deposit terms from 1-5 months. For example, the 1-2 month term savings interest rate is now only 1.65% per year, and the 3-5 month term interest rate is set at 1.95% per year. SCB has maintained the same savings interest rates for the remaining deposit terms. The 6-11 month term currently offers a savings interest rate of 3.05% per year. In the 12-36 month term, the savings interest rate at SCB is 4.05% per year.
Notably, also on March 18th, 2024, Saigon Commercial Bank for Industry and Trade (Saigonbank – SGB) announced its new deposit interest rate chart for individual customers. However, in this adjustment, the bank has increased the interest rates for various terms by an average of 0.4 percentage points. It is rare for a bank to adjust its savings interest rates upwards.
As a result of this adjustment, the 36-month term savings interest rate has increased by an additional 0.4 percentage points to 5.8% per year. The 24-month term savings interest rate has increased by 0.3 percentage points to 5.7% per year. The 18-month term savings interest rate has increased by 0.2 percentage points to 5.6% per year. Finally, the 13-month term savings interest rate has increased by 0.1 percentage points to 5.2% per year.
For deposit terms of 12 months or less, Saigon Commercial Bank has either maintained the same interest rates or made slight reductions of around 0.1-0.2 percentage points. Specifically, the 9-12 month term savings interest rates remain unchanged at 4.1% – 5% per year respectively. Meanwhile, the savings interest rates for deposit terms from 1-6 months have decreased on average by 0.1-0.2 percentage points, ranging from 2.3% per year to 3.8% per year.
