Banks have increased their interest rates on certificates of deposit (CDs), bringing them in excess of 10 per cent per year with the aim of mobilising long-term capital.
Banks have surged their interest rates on certificates of deposit (CDs) sharply, bringing them in excess of 9 per cent per year with the aim of mobilising long-term capital.
Banks have to mobilise long-term capital at high costs by issuing certificates of deposit (CD) in Vietnamese dong with high interest rates to lure depositors, causing concerns about a domino effect on lending rates.
Saigon Thuong Tin Commercial Bank (Sacombank) has begun an issue of certificates of deposit (CDs) in Vietnamese dong at an attractive 8.5 per cent interest rate per year.
Vietnam International Bank (VIB) officially issued certificates of deposit (CD) worth VND18 million and VND24 million for personal and corporate customers to meet customers’ investment demands for deposit on February 20.