BIDV has recently adjusted its online savings interest rates, with interest rates for deposits of 1-11 months and 24-36 months decreased by 0.2 percentage points, and interest rates for deposits of 12-18 months decreased by 0.1 percentage points.
Under the new interest rate schedule, the interest rate for 1-2 month deposits is now 1.8% per annum, 3-5 month deposits is 2.1% per annum, 7-11 month deposits is 3.1% per annum, 12-18 month deposits is 4.7% per annum, and 24-36 month deposits is 4.8% per annum.
Latest interest rates at BIDV.
Previously, on the morning of March 18th, Saigon Commercial Joint Stock Bank (SCB) officially adjusted its savings interest rates. Specifically, SCB reduced its interest rates by 0.1 percentage points for deposits of 1-5 months. The interest rate for 1-2 month deposits is now only 1.65% per annum and 3-5 month deposits is now only 1.95% per annum. SCB kept its interest rates unchanged for all other deposit terms. The interest rate for 6-11 month deposits is currently 3.05% per annum. For deposits of 12-36 months, the interest rate at SCB is 4.05% per annum.
Notably, also on March 18th, 2024, Saigonbank – Saigon Commercial Joint Stock Bank (SGB) announced its new deposit interest rate schedule for individual customers. However, in this adjustment, the bank increased interest rates for many deposit terms by an average of 0.4 percentage points. This is a rare occurrence of an increase in savings interest rates.
Accordingly, the interest rate for 36 month deposits increased by an additional 0.4 percentage points to 5.8% per annum. The interest rate for 24 month deposits increased by 0.3 percentage points to 5.7% per annum. The interest rate for 18 month deposits increased by 0.2 percentage points to 5.6% per annum. The interest rate for 13 month deposits increased by 0.1 percentage points to 5.2% per annum.
For deposit terms of 12 months or less, Saigonbank kept the interest rates unchanged or reduced them by about 0.1-0.2 percentage points. Accordingly, for 9-12 month deposits, the interest rates remained unchanged at 4.1%-5% per annum. Meanwhile, the interest rates for deposits of 1-6 months decreased by an average of 0.1-0.2 percentage points, ranging from 2.3% to 3.8% per annum.
