Banks on the Rise: Consecutive Interest Rate Hikes Spark Concern

Bank interest rates today November 4, 2024, ABBank became the first bank to increase deposit interest rates in the new month after raising interest rates to the highest level a few days ago.

After sharply increasing deposit interest rates to the highest market level of 6.2-6.3%/year on October 29, An Binh Commercial Joint Stock Bank (ABBank) has just continued to increase deposit interest rates, thereby becoming became the first bank to adjust interest rates in November.

According to the online deposit interest rate schedule recently changed by ABBank, the 6-month bank interest rate increased by 0.2%/year to 5.5%/year. Bank interest rates for 7-11 month terms simultaneously increased by 0.1%/year, to 5.6%/year.

ABBank maintains deposit interest rates for the remaining terms. Accordingly, the savings interest rate for 1-month term is still listed at 3.2%/year, 2-month term 3.3%/year, 3-month term 3.9%/year, 4-5% term. month 3.6%/year.

The 12-month online savings interest rate is listed by ABBank at 5.9%/year, 13-month and 36-60 month terms remain at 5.7%/year.

ABBank is the bank that publicly announced the highest official deposit interest rate after increasing interest rates a few days ago. Currently, the 15-18 month deposit interest rate at ABBank is up to 6.2%/year, the 24-month deposit interest rate is up to 6.3%/year.

Previously, on October 29, this bank increased 0.2%/year bank interest rates for 3-month terms, 0.3%/year for 6-month and 9-12 month terms, up 0.4%. /year for 7-8 month term, increased by 0.5%/year for 15-18 month term and up to 0.7%/year for 24 month term deposit interest rate.

ABBank is also the only bank to adjust interest rates in November 2024 in the context of fewer and fewer banks increasing interest rates over the past month.

ONLINE DEPOSIT RATE SCHEDULE AT BANKS ON November 4, 2024 (%/YEAR)BANK1 MONTH3 MONTHS6 MONTHS9 MONTHS12 MONTHS18 MONTHSAGRIBANK2,22,73,23,24,74,7BIDV22,33,33,34,74,7VIETINBANK22,33,33,34,74,7VIETCOMBANK1,61,92,92,94,64,6ABBANK3,23,95, 55,65,96,2ACB3,13,54,24,34,9BAC A BANK3,954,255,45,55,86,15BAOVIETBANK3,345,25,45,86BVBANK3,845,25,55,86CBBANK3,845,55,455,655,8DONG A BANK3,94,15,555,75,86,1EXIMBANK3,94,35,24,55,25,8GPBANK3,23,725,055,45,755,85HDBANK3,853,955,15,75,56,1KIENLONGBANK3,73,75,25,35,65,7LPBANK3,63,8555,45,7MB3,33,74,44,45,15MSB3,93,94,84,85,65,6NAM A BANK3,84,155,25,65,7NCB3,94,25,555,655,85,8OCB3,94,15,15,15,25,4OCEANBANK4,14,45,45,55,86,1PGBANK3,43,8555,55,8PVCOMBANK3,33,64,54,75,15,8SACOMBANK3,33,64,94,95,45,6SAIGONBANK3,33,64,84,95,86SEABANK2,953,453,954,154,75,45SHB3,53,855,15,55,8TECHCOMBANK3,253,554,554,554,854,85TPBANK3,53,84,75,25,4VIB3,23,64,64,65,1VIET A BANK3,43,74,84,85,45,7VIETBANK3,845,255,65,9VPBANK3,63,84,84,85,35,3