Southern Bank increases gold deposit rates
Source: 16-MAY-2008 Intellasia | Thoi Bao Kinh Te Vietnam page 3
May 16, 2008 - 7:00:00 AM Southern Commercial Joint Stock Bank (Southern Bank) recently announced that it officially increased gold deposit rates with attractive interest rates. The new interest rates are higher by 0.35-1.09% per year in comparison with the earlier interest rates

In particular, as for terms of from one-month to six months, the interest rates range between 2.6-3.6% per year, nine months to 36 months from 3.8% to 4.54% per year.

Especially, Southern Bank diversified terms of gold saving with new terms, which will receive the interest at the end of term. Accordingly, four-month term will get the interest of 3.5% per year, five months 3.55%, seven months 3.65%, eight months 3.7%, ten months 3.85%, 11 months 3.9%, 18 months 4.5%, 48 months 4.65% and 60 months 4.58% per year.