ACB increases online dong deposit rate

ACB adjusted the dong demand saving rate for its online savings with a highest level of up to 9.6 per cent per year.

It also announced its new saving rate benchmark adjusting the saving rate for demand deposit and online investment savings.

The strongest increase was for demand online saving rate, thus the interest rate of 3.72-6 percent per year for deposit worth from one million dong and higher will be replaced by the saving rate of 6-9.6 percent per year.

Asia Commercial Joint Stock Bank or ACB's online investment account is payment deposit account being opened via the bank's ACB Online service and applied the higher saving rate than the common deposit rate.

Previously, some other commercial banks also increased strongly the dong demand deposit rate to 6-9 percent per year.