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Techcombank raises interest rates for deposits in both dong and US dollar
Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has just announced new higher interest rates for deposits in Vietnamese dong with the highest rate hitting 15.8% a year.
Accordingly, with one and three month terms, depositors will enjoy an interest rate of 15.35% per year and 15.45% a year respectively. The new interest rate for deposits of 6 to 12 month terms is set at 15.55% per year.
Particularly, for Phat Loc saving interest rates, depositors will be given additional bonus interest rates if their deposits exceed VND 100 million. Specifically, with deposits of VND 100 million to VND 500 million, the bonus is 0.1% a year. It is 0.15% a year for deposits of over VND 500 million to VND 1 billion; 0.2% a year for deposits of over VND 1 billion to VND 3 billion. With deposits of over VND 3 billion, the bonus is 0.25% a year.
Earlier, in late May, Techcombank also adjusted its interest rates for deposits in US dollar.
Accordingly, the new interest rates for 1 month, three month, six month and nine month terms are 6.85% a year, 7.15% a year, 7.25% a year and 7.4% a year respectively. For terms of over 12 months, the interest rate is set at 7.55% a year.
The highest interest rate for deposits in US dollar for Phat Loc Saving product is 7.8% a year (for deposits of over US $300,000 for 36 month term).
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