Banks increase interest rates on deposits

More than 30 lenders raised them last month, 20 of them across the board.

The average increase was 0.35 points for three-month deposits and 0.9 points for six months or more.

Only four have not tinkered with the rates: Techcombank, ABBank, Oceanbank, and CBBank.

For six- and 12-month deposits banks are now paying 7-7.9%. For three months many pay 5%.

Some like SeABank and VietCapital Bank have sold certificates of deposit with interest rates of around 8.5%, but they are less liquid than a normal savings account.