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NCB Bank savings rates fluctuate, adjusting monthly, potentially increasing or decreasing. Staying updated on NCB Bank interest rates is essential for considering NCB Bank savings.
Latest 2019 national bank interest rates range from 0.5% to 8% per annum
I. What is NCB Bank?
Is NCB Bank safe? NCB Bank, also known as National Citizen Bank, is one of the state-owned banks in Vietnam. With over 24 years of experience in the financial sector, NCB Bank has built trust among both individual and corporate clients.
The main services offered by NCB Bank include lending, savings, payment services, trust services, and capital mobilization.
II. NCB Bank Savings Rates
Depending on the deposit currency, whether it's VND or USD, and whether the customer is an individual or a business, NCB Bank's 2019 interest rates vary, measured in % per annum.
1. NCB Bank savings rates for individual customers
* VND deposit interest rates
Looking at the table, we can easily see:
- The highest interest rate is 8% per annum for terms of 12, 13, and 24 months.
- For a 1-month term, the interest rate is 5.3%
- The interest rate for a 6-month term is 5.4%
- NCB Bank offers an interest rate of 7.4% for terms of 7 to 8 months.
- The interest rate is 7.5% for terms of 9, 10, 11 months
Thus, there is a significant difference in interest rates between terms of 1 - 6 months and terms exceeding 7 months.
* USD deposit interest rates
2. NCB Bank savings rates for corporate customers
* VND deposit interest rates
For corporate VND deposit interest rates, they tend to be lower compared to individual rates:
- For terms of 1 - 5 months, savings interest rates range from 5 - 5.3%
- Interest rates for terms of 6 - 11 months fall within the range of 6.6 - 6.8%
- Interest rates for terms of 12 - 36 months range from 7 - 7.3%
* USD deposit interest rates
III. Features, benefits, requirements, and procedures of NCB Bank savings
1. Features and benefits
When you deposit savings at NCB Bank, you will enjoy the following benefits:
- Safe savings with attractive interest rates
- Deposit insurance coverage
- Can be used for collateral, transfer, or mortgage when needed
2. Requirements and procedures for depositing savings at NCB Bank
- Vietnamese citizens need to bring valid identification cards/citizenship cards/passports
- Foreigners must have temporary or permanent residence cards, passports, and valid entry visas
- Minors or individuals lacking full legal capacity: Legal guardian's identification document
Currently, NCB Bank offers various savings packages such as electronic savings, non-term savings, and term savings at the bank. You can contact the NCB Bank hotline for assistance, the NCB Bank hotline is 1800.6166 or visit the bank's website ncb-bank.vn.
NCB Bank savings rates for both individual and corporate customers are updated here for your reference to compare the best bank interest rates, thereby making informed decisions on savings suitable for your needs, with value-added benefits.
