Particularly, SCB will apply the deposit rate at 4.5% a year for one week term, three weeks at 6.5%, one-month 7.5%, three months 7.7%, 6-12 months 8%, from 13 months and longer at 8.1% a year.
SCB also adjusted down the US dollar deposit rate by 0.4% per annum whereby the US dollar saving interest rate is 2.1% per annum for one-month term, three months at 2.6%, 9-11 months 3.1% and from 12 months and longer at 3.2% per annum.
At the same time, Oriental Commercial Joint Stock Bank (OCB) also cut down the US dollar deposit rate by 0.7-1.55% per annum whereby the saving interest rate is 2% per annum for one-month term, two months at 2.2% and 3-36 months at 2.5% per annum. The bank's gold saving interest rate was cut down by 0.2-0.5% per annum. The gold deposit rate is 1.5% per annum for one-month term, two months at 1.7%, three months at 2.5%, six months 2.7%, nine months 2.9% and 12 months at 3.3% per annum.
Earlier, OCB also adjusted down the dong deposit rate by 1.42-2.94% a year. Accordingly, the deposit rate is 3.7% a year for one week term, two weeks 3.9%, three weeks 4.7%, one-month 6.7%, two months 6.8%, three months 6.9%, 4-6 months 6.8%, 7-9 months 6.5%, 12 months 6.3%, 13 months 6.65% a year and 18-24 months 5.7% a year.
Additionally, OCB also adjusted down the lending rate to a maximum of 10.5% a year.
Dai A Commercial Joint Stock Bank (DaiABank) also cut down the dong deposit rate by 0.1-1.2% a year. The deposit rate is 6.9% a year for one-month term, two months at 7%, three months at 7.1%, nine months at 7.2% and 13 months at 7.3% a year.
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