VIBank hikes US dollar rates

03-Feb-2005 Intellasia | 1/Feb/2005 Thoi Bao Kinh Te Vietnam | 2:08 PM Print This Post

Vietnam International Bank announced is increasing US dollar deposit interest rates by another 0.15%–0.85% a year against the rates fixed on December 6 at its branches nationwide from February 1.
The US dollar deposit interest rate fixed by VIBank for a three-month term is 2.2% a year, up 0.45% compared with the former rate; a six-month term 2.5% a year, up 0.7%; nine-month term 2.68% a year, up 0.78%; 12 month term up 3.1%, up 0.7%; 18 month term, up 0.8% a year; 36 month 3.45% a year, up 0.85%.
In conjunction with making the upward adjustment to the deposit interest rate in US dollar, VIBank is also promoting a special Spring savings deposit programme from January 10 to March 31. Under this programme, customers deposit savings in dong or US dollar, or transfer terms of savings book being due time in the period of the programme at VIBank will be entitled to the progressive interest rate depending on each sum of deposit and term.
Customers of a three-month deposit with a sum of 50 million dong will be entitled to an interest rate of 7.92% a month; with a sum of 500–100 million dong will be entitled to an interest rate of 7.95% a year; with 100–500 million dong will receive an interest rate of 7.98% a year; the interest rate of 8.01% a year for depositors of 500 to one billion dong. It is noteworthy that depositors of one billion dong or more will be entitled to an interest rate of 8.04% a year.
At present, VIBank’s deposit interest rates still stand at high levels with the three-month term rate at 7.92% a year, six-month term rate 8.04%, nine-month term rate of 8.1% a year.


Category: Finance

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