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SCB provides a full range of financial and banking services. Among them, the savings deposit service brings many benefits to customers with high-interest rates. Let's find out whether SCB bank is a state-owned or private bank, what is the latest SCB bank interest rate, and based on that, make a decision on whether to deposit savings in SCB bank or not!
Is it safe to deposit savings in SCB bank? Should you do it online or at the counter?
1. Is SCB a state-owned or private bank? Is it reputable?
2. Latest SCB bank interest rates.
3. Should you deposit savings in SCB bank?
1. Is SCB a state-owned or private bank? Is it reputable?
Saigon Commercial Joint Stock Bank (SCB) was established through the voluntary merger of three banks: First Commercial Joint Stock Bank (Ficombank), Vietnam Commercial Joint Stock Bank (SCB), and Nam Tin Nghia Bank (TinNghiaBank). Therefore, SCB is a commercial bank, not a state-owned bank.
Regarding the question Is SCB bank reputable?, readers should refer to the evaluation criteria below to get the most accurate answers:
- Saigon Commercial Joint Stock Bank officially started operating on January 1, 2012, with over 10 years of activity. Currently, SCB has 239 transaction points, covering 28 provinces/cities in key economic regions nationwide, with a workforce of over 7,000 people.
- Total assets leading in Vietnam reached 673,276 billion VND.
- Charter capital is over 20,020 billion VND as of September 30, 2021.
- Major awards that SCB bank achieved in 2022 include:
+ Award for the most popular credit card service in Vietnam in 2022.
+ Listed in the Top 50 most outstanding Vietnamese enterprises in 2021.
+ Among the Top 500 largest enterprises in Vietnam in 2021.
+ Ranked in the Top 50 Most Excellent Growth Enterprises in Vietnam in 2022.
Recently, the rumor of SCB bank bankruptcy has caused public confusion. However, it is just a baseless rumor. In reality, SCB only closed some branches/offices with poor business results or unfavorable locations.
Considering the evaluation criteria above, it can be seen that SCB is one of the reputable banks with a certain position in the current market. Customers can completely trust to use their services.
The latest updates on SCB bank savings packages in 2023
2. Latest SCB bank interest rates
* Interest rates for individual customers participating in the Regular Savings package:
- The highest interest rate is 9.5%, currently applied for a 12-month term.
- The interest rate of 9.1% is applicable for terms of 15 months, 18 months, 24 months, and 36 months.
* Online savings interest rate at SCB bank
- The SCB bank interest rate is highest at 9.5% for terms of 6 months, 12 months, and 13 months.
- For terms of 15 months, 18 months, 24 months, and 36 months when saving online, the interest rate is 9.45%.
Note:
- SCB bank interest rates are updated as of February 21, 2023. Information about interest rates is for reference only and may change during different periods.
- Readers should contact the nearest SCB transaction point or hotline SCB 1900 6538 for more specific advice.
3. Should you deposit savings in SCB bank?
If you have idle funds and are unsure where to deposit savings for the best returns, refer to the comparison table of SCB interest rates with other banks, updated as of February 21, 2023.
From the comparison table, the highest interest rate in the market currently is 9.5%, applied by SCB bank, PVcomBank, Kiên Long Bank, Nam Á Bank, PVCombank, Việt Á Bank, and PVCombank for various terms.
Through this calculation, readers must have found the answer to the question Should you deposit savings in SCB bank or not?, right?
For a more specific example, how much interest will you receive by depositing 500 million at SCB?
If you deposit 500 million at SCB for a 6-month term, with an interest rate of 9.5%, you will receive:
- Interest amount: 23,750,000 VND.
- Total amount received at maturity: 523,750,000 VND
(*) Each bank will have different types of savings and regulations on interest rates, but the interest calculation formula will comply with the legal regulations and the State Bank.
Information on how to calculate bank interest rates has been discussed by Mytour in the previous article. Readers can refer and easily calculate deposit interest.
Savings interest rates are the top criteria people consider before deciding to invest idle funds. Monitoring and comparing interest rates at different banks will help you achieve the highest returns. With the insights from Mytour, hope it has helped answer your question Should you deposit savings in SCB bank or not? Wishing you success with your upcoming investment plans!
https://Mytour.vn/co-nen-gui-tiet-kiem-ngan-hang-scb-khong-31870n.aspx
Similar to SCB, banks such as GPBank, DongABank, PVcomBank, etc., also offer high-interest deposit packages to attract users. For convenient analysis, comparison, and choosing the best deposit option, the content of the article things to note when depositing money in the bank will be very helpful for you.
