Habubank Increases Interest Rates

Habubank Increases Interest Rates

The Hanoi-based House Building Commercial Joint Stock Bank (Habubank) has decided to increase interest rates for deposits in both Vietnamese dong and US dollars.

Monthly interest rates of deposits in Vietnamese dong rose by two to five percentage points while annual interest rates for the US dollar increased by 20-35 percentage points for terms.

In details, the new monthly interest rates for Vietnamese dong deposits with terms of one month stands at 0.52 per cent, three months 0.64 per cent, six months 0.68 per cent, 12 months 0.71 per cent, 18 months 0.72 per cent and 24 months 0.74 per cent. Annual rates for deposits in US dollar are 1.5 per cent for one-month term, 1.9 per cent for a six-month term, 2.5 per cent for a 12-month term, 2.6 per cent for 18-month, 2.8 per cent for 24-month, 3 per cent for a 36-month and 3.4 per cent for 60-month terms.