ACB raises gold deposit interest rate to 2.5pct pa

Asia Commercial Joint Stock Bank (ACB) on November 16 launched a “gold day with ACB” programme whereby the bank raised the gold deposit interest rate to 2.5 percent per annum (p.a.), higher than the common interest rate of certificate of deposits (C/Ds) in gold by 1 percent p.a.

Particularly, ACB’s interest rate for C/Ds in SJC gold is at 1.45-1.5 percent p.a. while ACB gold at 1.55-1.6 percent p.a., up 0.5 percent p.a. from the previous interest rate benchmark of C/Ds in gold (0.95-1.2 percent p.a.).

Thus, ACB also joined the race to raise the interest rate for C/Ds in gold of banks. Earlier, the interest rate of C/Ds in gold was pushed up to 3.2 percent p.a. at two banks namely Orient Commercial Joint Stock Bank (OCB) and Vietnam Tin Nghia Commercial Joint Stock Bank (TinNghiaBank).

In addition, ACB also raised the US dollar saving rate to the ceiling of 2 percent p.a. for all terms and saving value under the saving programme with floating interest rate.

With common saving programme, the saving interest rate of US dollar at ACB is 1.9-2 percent p.a.

Regarding savings in dong, ACB is applying online investment saving product with deposit interest rate of 5-6 percent p.a. for online investment saving worth from one million dong and higher.

 

Category: Finance