Major banks continue cutting deposit interest rates

The highest interest rate at the bank is 4.7 per cent per year when customers deposit for 12 months or more. Agribank follows with the latest deposit interest rates at the bank down by 0.2 per cent - 0.4 per cent per annum for terms under 12 months. Its interest rate for a 3-6-month term experienced the most significant decrease, falling to 2.1 per cent from 2.5 per cent. BIDV and VietinBank have also simultaneously cut deposit interest rates by 0.3 per cent per annum for terms under 12 months. Since the beginning of January, many commercial banks have cut their deposit interest rates, including Techcombank, KienLongBank, PVCombank and SCB.