Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank – STB) has recently announced its new deposit interest rates, which will be implemented starting from February 23, 2024.
Notably, in this adjustment, Sacombank has increased the interest rates for some short-term deposit periods.
Traditional Counter Deposit Interest Rates
Specifically, for the deposit period from 1 month to less than 2 months, Sacombank has raised the interest rate by 0.2 percentage points to 2.4% per annum.
The deposit interest rate for the period from 2 months to less than 3 months has been increased by 0.2 percentage points to 2.5% per annum.
The deposit interest rate for the period from 3 months to less than 4 months has been increased by 0.1 percentage points to 2.7% per annum.
The deposit interest rate for the 4-month period has been increased by 0.1 percentage points to 3% per annum.
The deposit interest rate for the 5-month period has been increased by 0.4 percentage points to 3.4% per annum.
The deposit interest rate for the 6-month period remains unchanged at 3.7% per annum. The deposit interest rates for 8-month and 9-month periods are fixed at 4% per annum, without any change. Sacombank also maintains the deposit interest rate for the 12-month period at 4.8% per annum, the 18-month period at 5.4% per annum, and the 24-month period at 5.5% per annum. The highest interest rate applied by Sacombank at the counter is 6% per annum for the 36-month period.
Online Deposit Interest Rates
The online deposit interest rate for the 1-month period has been increased by 0.2 percentage points to 2.6% per annum.
The online deposit interest rate for the 2-month period has been increased by 0.2 percentage points to 2.7% per annum.
The online deposit interest rate for the 3-month period has been increased by 0.3 percentage points to 2.9% per annum.
The online deposit interest rate for the 4-month period has been increased by 0.1 percentage points to 3.2% per annum.
The online deposit interest rate for the 5-month period has been increased by 0.4 percentage points to 3.6% per annum.
The deposit interest rates for the 6-month to 36-month periods remain unchanged. Among them, the highest interest rate of 6.2% per annum is applied for the 36-month period.
Thus, Sacombank is one of the few banks that have recently adjusted and increased the deposit interest rates. At the end of February, some other banks such as MB, Techcombank, SeABank, etc. also adjusted their deposit interest rates, but in the opposite direction, with adjustments ranging from 0.2 to 0.5 percentage points.
