Bank interest rates June 5: Sharp decrease, some banks reduce for the 4th consecutive time

According to the latest online deposit interest rate schedule, commercial banks continued to reduce interest rates on the first day of the week.

NCB National Bank continued to reduce interest rates since the beginning of the week. The reduction from 8.1% to 7.9%/year for online deposits with terms of 6-9 months. The 12-13 month term was also slightly reduced by NCB from 9.15% to 8.1%/year. The interest rates for terms of 15-18 months were also reduced from 8.05% to 8%/year.

Since the beginning of May, this is the fourth consecutive time NCB has adjusted savings interest rates down.

Similarly, NamA Bank also announced a third reduction in deposit interest rates since the beginning of May. However, the reduction was "drop by drop", 0.1 - 0.3 percentage points for deposits with terms of 6 months or more.

Accordingly, the latest online deposit interest rate for 6-7 month term at NamA Bank is 7.9%/year; 8-9 month term is 7.8%/year. 10-11 month term is 7.6%/year; 12-14 month term is 7.8%/year. Interest rates for terms of 15 months or more are set at 7.6%/year.

The remaining banks had no changes in interest rates on the first day of the week.

Interest rate table of some banks on June 5.

According to statistics, from the beginning of May until now, banks that have reduced deposit interest rates include: VietA Bank, VIB, OCB, Eximbank, MSB, VPBank, TPBank, Vietcombank, Agribank, VietinBank, BIDV, KienLongBank, NamA Bank, NCB, Saigonbank, PVCombank, HDBank, OceanBank, Sacombank, Techcombank, BacA Bank, SCB, DongA Bank, VietBank, MB, SeABank, ACB, LPBank and BaoViet Bank.

Banks that reduced interest rates twice during this period are Eximbank, VPBank, BIDV, VietinBank, Vietcombank, Agribank, TPBank, BacA Bank, OCB, MSB, and Techcombank.

OCB, VietA Bank, KienLongBank, Saigonbank, NamA Bank and Sacombank have reduced deposit interest rates three times in less than a month.

Tuan Nguyen