Techcombank increases dong deposit rates to 18.7% per year

Thursday, June 19, 2008
From June 16, Viet Nam Technology and Commerce Joint Stock Bank (Techcombank) applied a new interest rate benchmark for dong deposits with the possible highest level of up to 18.7% per year.

In particular, as for super-lucky savings with deposits worth over ten million dong and the terms of from at least six months, the interest rate is 18.35% per year, from one to five months 17.85-18.25% per year.

Especially, as for Phat Loc savings (getting the interest rates according to the deposit balance), the highest interest rate could be 18.7% per year. Particularly, more than six-month terms with deposits worth less than 100 million dong will get the interest rate of 18.4% per year, from 100-500 million dong 18.45%, from 500 to below one billion dong 18.5%, from one-three billion dong 18.6% and over three billion dong 18.7% per year.

With the multipurpose savings (flexible principal withdrawal), the interest rate is 18.5% per year for 12-month term and longer and from six to nine-month terms from 18.2% to 18.4% per year.