Updated 1-year fixed deposit interest rates at major banks
Investing in a 1-year fixed deposit will yield higher profits for the depositor in the long run.
Can Bitcoin Surpass Gold in Investor Allocation?
The Bitcoin market is experiencing a "frenzy" as prices reach a new all-time high of over $70,000. Investors are optimistic, with expectations that Bitcoin could surpass gold in portfolio allocation.
Noteworthy global financial events in the week of 11-15/3: Gold, Bitcoin, housing prices, and...
Bitcoin is making a strong comeback after reaching a new all-time high. Several major central banks around the world have started paving the way for interest rate cuts, but only when inflation develops as expected.
Continuously reaching new highs, surpassing 71 million VND per tael, when will the price...
Experiencing a rapid surge and consistently setting new highs, the price of gold rings officially broke the record, reaching 71 million Vietnamese dong per tael on March 10th. How long will this upward trend of gold ring prices continue?
USD Plummeting Prices
Last week (04-08/03/2024), the USD price declined significantly in the international market following the remarks by Jerome Powell, the Chairman of the U.S. Federal Reserve, who indicated that interest rate cuts could occur this year.
VPBank, ACB, and several other banks adjust online savings interest rates from March onwards.
In early March, a number of banks have continued to adjust their savings interest rates. It is worth noting that none of the banks have increased their savings interest rates.
Newest interest rates at Vietcombank: Best interest rates for 12-month deposits
In March 2024, Vietcombank offers the highest savings interest rate of 4.7% per year, applicable to personal deposits of 12 months or more with interest paid at the end of the term.
Latest VietinBank Interest Rates in March 2024: Which Fixed Deposit Offers the Best Interest...
In March 2024, the highest deposit interest rate at VietinBank is 5% per annum, applicable to personal deposits of 24 months or more with interest paid at the end of the term.
‘Interest rates on deposits likely to bottom out in Q1’
MBS believes that the benchmark interest rate may have bottomed out in Q1 and is unlikely to decrease further, mainly due to the expectation that credit demand will continue to rise in 2024.
Gold prices reach record high, how risky is it?
The continuous surge in domestic gold prices has raised concerns as it may have an impact on the economy, particularly on production and business activities.