Friday, June 20, 2008
From June 17, Nam A Commercial Joint Stock Bank (NamA Bank) officially increased the dong deposit rates to the highest level of 18.36% per year to assure the competitiveness amongst banks.
Particularly, 1-3 week term deposits will get the interest rates of 17.04-17.28% per year, 1-3 month terms 17.88%, 4-12-month terms 17.76% and 13-36-month terms 17.64%.
Notably, from one to three-month terms, the interest rate of 18.36% per year will be applied on deposits worth over five billion dong, 18.24% for deposits worth 1-5 billion dong, 18.12% for from 500 million to one billion dong, 18.00% from 100-500 million dong and 17.88% for deposits worth below 100 million dong.
According to the bank, customers with week deposits will not be allowed to withdraw the principal before due. Deposits with from one-month terms will be allowed to withdraw the principal before due but they have to let the bank know earlier one day.
Friday 20 June 2008
NamA Bank raises dong deposit rates
