Private banks lower deposit rates

HCMC – Private banks have lowered interest rates for deposits with tenors of six months and beyond while state-run banks have kept their rates unchanged. CBBank currently offers the highest OTC deposit rates. Online deposit rates have also risen. Banks like VietABank, BaoVietBank, CBBank, NCB, NamABank, PVComBank, HDBank and BacABank are now providing online savings accounts with interest rates starting from 7%. In January, deposit rates at these banks were as high as 9% per year.