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LENDING & CREDIT | Cesar Tordesillas, Vietnam
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Bao Viet Bank raises demand deposit interest rates to 12%

Bao Viet Bank raised demand deposit interest rates for businesses to the highest of 12% per annum.

 

This was reproted by the state-run online VnEconomy.

Specifically, business depositors were offered demand deposit interest rates upon their average deposit balance in which “the more deposit balance, the higher interest rates”, the state media reported, adding that the maximum demand deposit interest rates for this product is 11% p.a.

Besides, Bao Viet Bank gives a bonus interest rate of 1% p.a. for those who register for this product in July, resulting in total demand deposit interest rates of 12% p.a.

Demand business depositors at Bao Viet Ban could also enjoy such facilities as Internet Banking, SMS Banking, Mobile Banking and lower account management fees.

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