Deposit Interest Rates of Transferred Banks Remain High

The two zero-dong banks, MTV Ocean Commercial Limited Liability Bank and Construction Bank,‍ after being ‌transferred,⁣ still listed‍ savings interest rates at high ⁤levels, ‍even higher than the two receiving banks, Vietcombank and Military Bank.

Ocean ⁣Commercial Bank Limited (OceanBank) and Construction Bank (CB) ⁤were officially transferred ‌to MB ‌and Vietcombank on October 17. CB has reduced deposit interest rates after⁣ more than 3 months of no adjustment.

Construction Bank is a bank that⁢ maintains deposit interest ⁤rates ⁢lower ⁤than the general level. However, this bank​ has‍ just reduced deposit interest rates for terms of 6-36 months, while keeping⁣ terms​ of 1-5 months unchanged.

As⁢ of November ​1, the 6-month term online deposit interest rate decreased by⁢ 0.05%/year to 5.5%/year. Bank interest rates for 7-11 month terms decreased by 0.1%/year to 5.45%/year. Bank interest ⁢rates for⁢ 12-month terms decreased by 0.05%/year to 5.65%/year, ⁢for terms⁢ of 13 months or more also decreased ⁤by 0.05%/year to 5.8%/year.

Meanwhile, online⁣ deposit⁣ interest rates for short terms remain the same. 1-2 month⁢ term has an ​interest rate of 3.8%/year, 3-5 month term has an interest rate of 4%/year.

Construction‍ Bank explained⁣ that to be ​similar to the​ Vietcombank system in some policies and products, CB adjusted ⁢the deposit mobilization interest rate schedule ⁤for individual and institutional⁢ customers.

Although deposit interest rates have been reduced, in fact‌ CB’s deposit interest rates are still higher than ‍Vietcombank’s deposit⁢ interest rate schedule.‌ The lowest and highest online savings interest rates at CB are 3.8%/year and 5.8%/year, respectively,‌ while the interest rates at Vietcombank⁣ are 1.6% and 4.7%/year.

Meanwhile, after being transferred​ to MB, OceanBank ​has not‌ yet made any move‍ to adjust interest ‍rates. Currently, this bank is still in the group of ⁢banks that maintain the highest⁣ deposit interest⁣ rates ⁤in the market.

Accordingly, the 1-month savings interest ⁤rate at the ​counter reaches 4%/year, online 4.1%/year; Interest rate for 18 – 36 month term⁤ is up‍ to 6.1%/year. Meanwhile, MB listed a 1-month ‌savings ‍interest rate of 3.3% and a 24-36 month‌ term of⁣ 5.9%/year.

MB‌ affirmed​ that after the transfer, ‍the legal rights of depositors and customers ⁣at ⁣OceanBank are guaranteed in accordance with the agreement‍ and ⁣provisions of law; OceanBank’s⁤ service operations are guaranteed to be smooth and continuous.

Source: tienphong.vn