Bank

Today, Another Bank Joins the Fray: Offering a Competitive 5.9% Annual Interest Rate on Savings

Baoviet Bank has announced an adjustment to its savings interest rates, effective immediately. The bank is increasing rates by an average of 0.1% to 0.2% per annum.

Administrator

9 July, 2024

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The latest BaoViet Bank savings interest rates came into effect on July 8th. According to the new online savings interest rate table published by BaoViet Bank, interest rates for 1-5 month terms have been adjusted, increasing by 0.1% per year.

Specifically, the interest rate for a 1-month term is now 3.1% per year, 2-month term is 3.5%, 3-month term is 3.9%, 4-month term is 3.95%, and the 5-month term stands at 4% per year.

For terms of 6-11 months, BaoViet Bank has increased rates by 0.2% per year. As a result, the 6-month term interest rate has increased to 5.1% per year, the 7-8 month terms have risen to 5.15%, and the 9-11 month terms sit at 5.2%.

In the case of 12-13 month terms, savings interest rates have increased by 0.1% per year. The 12-month term now offers a rate of 5.6% per year, while the 13-month term stands at 5.7%. Meanwhile, interest rates for longer terms of 18-36 months remain unchanged at 5.9% per year, which is also the highest interest rate offered by BaoViet Bank and currently leads the market.