Vietnam Prosperity Joint Stock Commercial Bank (VPBank) adjusted deposit interest rates

Vietnam Prosperity Joint Stock Commercial Bank (VPBank) adjusted its deposit interest rates for both over-the-counter and online channels. The 1-month term interest rate at the counter remained unchanged at 3.6%/year for deposits from VND 1 billion to less than VND 3 billion, while terms from 2 to 5 months decreased by 0.1 percentage point to 3.6%/year. Longer terms, from 6 to 36 months, also saw similar reductions. For online deposits, VPBank kept the 1-month term interest rate unchanged but reduced terms from 2 to 36 months by 0.1 percentage point across all deposit tiers. Customers depositing VND 50 billion or more online received the highest interest rate of 5.5%/year for the 24-36 month term. Additionally, VPBank continued to offer preferential interest rate bonuses ranging from 0.1%/year to 0.3%/year for Private segment customers, depending on the deposit amount and for terms of 1 month or longer.

Vietnam Prosperity Joint Stock Commercial Bank (VPBank) adjusted its deposit interest rates for both over-the-counter and online channels. The 1-month term interest rate at the counter remained unchanged at 3.6%/year for deposits from VND 1 billion to less than VND 3 billion, while terms from 2 to 5 months decreased by 0.1 percentage point to 3.6%/year. Longer terms, from 6 to 36 months, also saw similar reductions. For online deposits, VPBank kept the 1-month term interest rate unchanged but reduced terms from 2 to 36 months by 0.1 percentage point across all deposit tiers. Customers depositing VND 50 billion or more online received the highest interest rate of 5.5%/year for the 24-36 month term. Additionally, VPBank continued to offer preferential interest rate bonuses ranging from 0.1%/year to 0.3%/year for Private segment customers, depending on the deposit amount and for terms of 1 month or longer.

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