Banks slash deposit rates further

HCMC – Three State-run banks – BIDV, VietinBank and Agribank – further cut deposit rates by 20 to 40 basis points today, January 17. BIDV and VietinBank reduced deposit rates by 30 basis points. Deposits of 12 months and beyond have interest rates maintained at 5-5.3% per year. Agribank, on the other hand, has lowered interest rates by 20 to 40 basis points for terms under 12 months. Among the four State-run banks, Vietcombank offers the lowest deposit interest rates, ranging from 1.7% to 4.7% per annum across various tenors.