NCB raises deposit rates across multiple tenors, with online An Phú Savings reaching 6.9% for 24 to 60 months

NCB has updated its deposit rates, lifting rates across several tenors, especially the longer tenors. For online deposits under the An Phú Savings product, the 1-month term’s interest rate is increased by 0.20 percentage points to 4.7% per year. The 2–5 month tenors are listed at 4.75% per year, aligning with the State Bank’s cap for deposits under 6 months. The 2-month tenor increased by 0.15 percentage points, while the 3-month tenor rose by 0.05 percentage points compared with before. Online deposits for 6–11 months are adjusted to 6.4% per year. Relative to prior rates, tenors of 6–8 months rose 0.2 percentage points, while 9–11 months increased by 0.15 percentage points. For longer tenors, the savings rates continue to rise: 12–13 months at 6.6% per year (up 0.3 pp), 15 months at 6.7% (up 0.4 pp), and 18 months at 6.8% (up 0.5 pp). Notably, the top online savings rate is raised to 6.9% per year for tenors from 24 to 60 months, up 0.6 pp for 24–36 months, with the 60-month tenor registering the largest increase of 1.1 pp. In parallel, NCB adjusted the savings rates for traditional savings products: the 1- and 2-month tenors are raised to 4.6% and 4.7% per year, up about 0.2 pp; 3–5 months are listed at 4.75% per year, an increase of 0.05–0.15 pp. For longer tenors (6–11 months), rates are raised to 6.3% per year; 12–13 months to 6.5%; 15 months to 6.6%; 18 months to 6.7% per year, with 24–60 months at 6.8% per year, up 0.3–0.6 pp. After the adjustment, the highest rate for traditional savings at NCB is 6.8% per year for 24–60 months, with increases of 0.6 pp for 24–36 months and 1.1 pp for 60 months. The changes accompany broader rate adjustments by the bank.