Latest Sacombank Interest Rates for August 2024: Online Deposits for 24 Months Offer Competitive Rates, with New Loans Averaging at 7.58%/year

According to the latest survey, Sacombank’s savings interest rates in August 2024 range from 0.5 – 5.7%/year for term deposits with interest paid at maturity. The interest rates for online deposits are significantly higher than those for over-the-counter deposits.

Sacombank’s Over-the-Counter Deposit Interest Rates for August 2024

At the beginning of August, Sacombank’s interest rates for over-the-counter deposits with interest paid at maturity range from 0.5% to 5.2% per year.

Specifically, the interest rate for a period of less than 1 month is 0.5%/year; the interest rate for a period of 1 to less than 2 months is 2.8%/year; the interest rate for a period of 2 to less than 3 months is 2.9%/year; the interest rate for a period of 3 to less than 4 months is 3.2%/year; the interest rate for a period of 6 months is 4.2%/year; and the interest rate for a period of 9 months is 4.3%/year.

Sacombank offers an interest rate of 4.9%/year for a period of 12-18 months and 5.0%/year for a period of 24 months.

Currently, the highest interest rate offered by Sacombank for over-the-counter deposits is 5.2%/year for a period of 36 months.

In addition to interest paid at maturity, Sacombank also offers flexible interest payment options, including quarterly interest payments (4.18%/year – 4.86%/year), monthly interest payments (2.8%/year – 4.84%/year), and advance interest payments (2.79%/year – 4.67%/year).

Sacombank’s Over-the-Counter Deposit Interest Rates for August 2024

Sacombank’s Online Savings Interest Rates for August 2024

For online deposits with interest paid at maturity, Sacombank offers interest rates ranging from 0.5% to 5.7% per year. The interest rates for online deposits with terms of 1 month or more will be 0.4% to 0.7% higher than those for over-the-counter deposits.

Specifically, the interest rate for online deposits with a period of less than 1 month is 0.5%/year; the interest rate for a period of 1 month is 3.3%/year; the interest rate for a period of 2 months is 3.5%/year; and the interest rate for a period of 3 to 5 months is 3.6%/year;

The interest rate for online deposits with a period of 6 to 11 months is 4.9%/year; the interest rate for a period of 12 to 13 months is 5.4%/year; the interest rate for a period of 15 months is 5.5%/year, and the interest rate for a period of 18 months is 5.6%/year;

Sacombank offers the highest interest rate of 5.7%/year for online deposits with a period of 24-36 months.

Sacombank’s Online Deposit Interest Rates for August 2024

Sacombank’s Latest Lending Interest Rates

Sacombank announced an average lending rate of 7.58%/year for new loans disbursed in July 2024, with an average interest rate spread of 3.61%/year. Previously, the average lending rate at Sacombank in June 2024 was 7.37%/year, and the average interest rate spread was 3.38%/year.

Note that this is the average lending rate of the bank and may not be the actual rate applied to specific loans. Customers can contact their nearest Sacombank branch or transaction office for advice and more information about Sacombank’s credit programs and promotions.