Military Bank raises deposit rates for foreign currency savings

Military Commercial Joint Stock Bank announced to increase the deposit rates for depositors in US dollars and euro by up to 1.5 percent per year, starting from February 17, 2011.

Accordingly, the bank's interest rates for deposits in US dollars would be raised by 0.1-0.4 percent per year for the short-term depositors of 1-9 months. The interest rates for nine-month term would be 5.2 percent per year and for one-month term of 4.5 percent per year. For customers who deposit their savings for over 12 months, they will enjoy deposit rates of 5.4 percent per year, up 0.2 percent per year.

For depositors in euro, the lender will raise interest rates by 1.1-1.55 percent per year. So, for customers depositing their money in euro with one-month term, they can enjoy interest rates of 2.2 percent per year.