“Big Four” banks lower deposit interest rates to COVID-19 levels - News Summed Up

“Big Four” banks lower deposit interest rates to COVID-19 levels


Two more State-run commercial banks - Vietinbank and BIDV - lowered their deposit rates on September 19 to match the lowest level during the COVID-19 pandemic. Both cut their rates by 0.2 or 0.3 percentage point on deposits with a term of three months or longer. The rate for deposits with a 12-month term was also lowered by 0.3 percentage point to 5.5% per annum. For one-month and two-month deposits, the rate remains at 3%. These rates are similar to those of Vietcombank and Agribank, which were revised downwards on September 14./.


Source: Viet Nam News September 21, 2023 19:16 UTC



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