Major banks lower deposit interest rates below 6%

HCMC – Several major banks have reduced their deposit interest rates to below 6% per year. The four State-owned commercial banks – Vietcombank, BIDV, VietinBank and Agribank – have recently lowered their deposit rates by 0.5 percentage point to below 6%. There is not much difference in the interest rates offered at the counters of these four State-owned commercial banks. Numerous private banks have also recently revised down their deposit rates, the second reduction of deposit rates within this month. Deposit interest rates at private banks like Techcombank, ACB and Eximbank have all been adjusted down to below 6%.