Despite lower interest rates, bank savings are still considered a safe option by many investors as other investment channels have become more risky due to the COVID-19 pandemic.

Interest rates for savings in Vietnamese dong with terms of six months to over one year are two to three percent higher than short-term savings. That’s why many people are opting for medium and long term savings. Besides, online savings accounts are also offering higher interest.

🧔 Lower savings’ interest rates aim to facilitate decreasing lending interest rates, for which local enterprises are longing for amid the complicated developments of the COVID-19 pandemic./.