LPBank’s Counter Savings Interest Rates for Individual Customers in September 2024
A survey at the beginning of September found that the State Commercial Joint Stock Bank of Vietnam (LPBank) offered an annual interest rate of 0.2% – 5.3% for individual term deposits at the counter with interest paid at maturity.
Specifically, short-term deposits with tenors of less than 1 month are subject to an interest rate of 0.2% per annum; tenors of 1 and 2 months earn an interest rate of 2.2% per annum; tenors of 3 – 5 months are at 2.5% per annum; tenors of 6 – 11 months are at 3.5% per annum; and tenors of 12 – 18 months have a deposit interest rate of 5% per annum.
The highest interest rate for regular individual customers depositing at the counter is 5.3% per annum, applicable to tenors of 24 – 60 months.
In addition to the interest payment at maturity option, LPBank also offers flexible interest payment options for customers to choose from, including: interest payment in advance, monthly interest payment, and quarterly interest payment.
Especially, for new or renewed deposits with a tenor of 13 months and a minimum amount of VND 300 billion, customers will be offered a preferential interest rate of 6.5% per annum.
LPBank’s Counter Deposit Interest Rate Table for Regular Individual Customers in September 2024
Source: LPBank
LPBank’s Online Savings Interest Rates for Individual Customers in September 2024
For individual customers’ online deposits, LPBank offers an interest rate range of 0.2% – 5.6% per annum, which is 0.3% – 0.8% per annum higher than counter deposits for many tenors.
Specifically, short-term deposits with tenors of less than 1 month have a common interest rate of 0.2% per annum; tenor of 1 month earns an interest rate of 3.4% per annum; tenors of 2 – 4 months are at 3.5% per annum; tenor of 5 months is at 3.6% per annum; tenors of 6 – 8 months are at 4.7% per annum; tenors of 9 – 10 months are at 4.8% per annum; 11 months is at 4.9% per annum; 12 – 13 months is at 5.1% per annum; and 15 – 16 months is at 5.3% per annum.
The highest interest rate for individual customers’ online deposits is 5.6% per annum, applicable to tenors of 18 – 60 months.
In addition to interest payment at maturity, LPBank also offers other interest payment options for online deposits, such as: interest payment in advance, monthly interest payment, and quarterly interest payment.
LPBank’s Online Deposit Interest Rate Table for Individual Customers in September 2024
Source: LPBank
LPBank’s Savings Interest Rates for Business Customers in September 2024
In early September, the interest rate for business customer deposits at LPBank ranged from 0.2% to 4.7% per annum for interest payment at maturity.
Accordingly, deposits with tenors of 1 week, 2 weeks, and 3 weeks are subject to an interest rate of 0.2% per annum; tenors of 1 – 2 months earn an interest rate of 2.2% per annum; tenors of 3 – 5 months are at 2.5% per annum; and tenors of 6 – 11 months are at 3.6% per annum.
Currently, the highest interest rate offered to business customers at LPBank is 4.7% per annum, applicable to tenors of 12-60 months.
In addition to interest payment at maturity, LPBank also offers alternative interest payment options for business customers, including: interest payment in advance, monthly interest payment, and quarterly interest payment.
LPBank’s Counter Deposit Interest Rate Table for Regular Business Customers in September 2024
Source: LPBank
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