The Ho Chi Minh City-based Asia Commercial Bank (ACB) on April 24, 2006 increased its interest rates for US dollar deposits with terms from three to 36 months.
|Transactions at the Asia Commercial Bank in Ho Chi Minh City (Photo: Tuong Thuy)|
Compared with the interest rates offered early this year, the new annual rates have upped by 0.35 to 0.85 percentage points.
The annual rate for three-month savings rose from 3.3% to 4.0%, that for six-moth savings from 3.7% to 4.15%. The rate for 12-month savings increased from 4.1% to 4.55%, and that for 36-month savings from 4.35% to 4.7%.
Besides, when depositing from a lump sum of US$5,000 to US$60,000 in one go, the depositors will get a bonus interest rate of 0.1% to 0.162% per year.
By the end of March 2006, the bank put its total deposit at about VND25.2 trillion (more than US$1.58 billion) and its total loans at VND10.17 trillion (more than US$639.7 million).
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