Deposit interest rates down to record low
Rates hit their lowest for two decades.
Interest rates on upwards trajectory
Bao Viet Securities (BVSC) noted that the 12-month deposit interest rate had increased again by the end of July, by 0.07 percentage points to 5.77 per cent per annum. Rates may rise again in August. Instead of an increase of 0.1 to 0.2 percentage points, some banks raised rates by between 0.1 and 0.6 percentage points compared to June.
Bank deposit rates likely to go higher
Under pressure from credit growth and inflation, bank deposit rates have increased since the beginning of this month. The highest rate was 7.6 per cent per annum. Experts predict that the deposit rate at many banks will be much higher this year than in 2021.
Bank deposit rates considered low
According to the Bao Viet Securities Company (BVSC), large-scale joint-stock commercial banks are currently offering the lowest deposit interest rates since 2017. Experts believe that rates will not be able to be increased before the end of the year.