Deposit only 1 month, which bank has high interest rate...

Saving for a 1-month term is a way for idle money to generate profit when customers plan to use capital in the short term.

With deposit interest rates ranging from 2-4%/year for a 1-month term, this is a significant profit compared to keeping money in a payment account with a maximum interest rate of only 0.5%/year (non-term deposit interest rate).

According to VietNamNet statistics, the three newly transferred banks, VCBNeo, Vikki Bank, and MBV, are leading the market in terms of the highest bank interest rates for online savings deposits with a term of 1 month.

Accordingly, VCBNeo and Vikki Bank both listed interest rates of up to 4.15%/year for 1-month online deposits.

MBV, together with VietBank, listed an interest rate of 4.1%/year for online deposits for this term.

The interest rate of 4%/year for 1-month online deposits is currently listed at Eximbank, Nam A Bank, NCB and OCB.

Thus, after more than a month of continuously witnessing banks reducing interest rates, the market now has only 8 banks maintaining savings interest rates from 4%/year for 1-month term deposits. Previously, Eximbank paid interest rates up to 4.75% for customers making online savings deposits with terms of less than 6 months.

The above 8 banks themselves have reduced savings interest rates in late February and in March, after the State Bank met with commercial banks to request a reduction in deposit and lending interest rates.

The specific mobilization interest rates have been adjusted down by these 8 banks (along with 18 other banks) as follows:

BANK	DISCOUNT DAY	DISCOUNT LEVEL - DISCOUNT TERM
VIETBANK	26/2	At the counter: 0.2%/year discount for 1-4 month and 12 month terms; 0.3%/year discount for 5-9 month terms. Online: reduce 0.1-0.4%/year for 4-5 month term; reduce 0.2%/year for 1-3 month term and 0.4%/year for 2 month term.
NCB	5/3	0.1% discount/year for terms from 1-60 months both online and at the counter.
NAM A BANK	5/3	At the counter: 0.1%/year discount for 1-month term; 0.2%/year discount for 2-5 month term. Online: 0.3%/year reduction for 1-3 and 5 month terms; 0.4%/year reduction for 2 month terms; 0.1%/year reduction for 6-36 month terms.
VCBNEO	6/3	0.15% discount/year for 6-36 month term for all deposit products, savings deposits at counter and online.
MBV	12/3	0.2%/year discount on 1-3 and 18-36 month terms for online and counter deposits.
VIKKI BANK	12/3	Reduce 0.11-0.5%/year for 1-15 month term online deposits and counter deposits.
EXIMBANK	25/2-24/3	7 times reduced interest rates for: Online: reduce 0.1-0.2%/year for terms under 6 months; reduce 0.3-0.8%/year for terms 6-36 months. At the counter: "Long-term deposit with peace of mind" program reduces 0.6-0.8%/year for 15-36 month term; Savings deposits reduce 0.1-0.2%/year for 6-24 month term for regular customers, reduce 0.3-0.4%/year for 6-12 month term for customers over 50 years old.
OCB	14/3-31/3	Online: 0.1%/year discount for 1-36 month terms on all deposit amounts; 0.1%/year discount for terms over 12 months for Oriental Savings and over 6 months for electronic savings. At the counter: 0.1% discount/year for terms over 6 months.

	INTEREST RATE ONLINE DEPOSITS FOR 1 MONTH TERM
BANK	INTEREST RATE (%/YEAR)
VCBNEO	4.15
VIKKI BANK	4.15
MBV	4.1
VIETBANK	4.1
EXIMBANK	4
NAM A BANK	4
NCB	4
OCB	4
BVBANK	3.95
MSB	3.9
HDBANK	3.85
KIENLONGBANK	3.7
MB	3.7
VIB	3.7
VIET A BANK	3.7
VPBANK	3.7
LPBANK	3.6
BAC A BANK	3.5
BAOVIETBANK	3.5
GPBANK	3.5
SHB	3.5
TPBANK	3.5
PGBANK	3.4
PVCOMBANK	3.3
SACOMBANK	3.3
SAIGONBANK	3.3
TECHCOMBANK	3.25
ABBANK	3.2
ACB	3.1
SEABANK	2.95
AGRIBANK	2.4
BIDV	2
VIETINBANK	2
VIETCOMBANK	1.6
SCB	1.6

At the recent Conference on Promoting Credit to Support Economic Growth in the North Central Region and Some Provinces of the Red River Delta, Ms. Nguyen Thi Thu Thu , Acting Director of the State Bank of Vietnam Region 8 (Nghe An, Ha Tinh, Quang Binh) said that the interest rates for demand deposits and deposits with terms of less than 1 month in Region 8 are commonly from 0.1-0.5%/year; terms from 6 months to less than 12 months are commonly at 4.5-5.5%/year; terms from 12 months and above are commonly at 5-6%/year.

Short-term VND loan interest rates are commonly 5.5-7.5%/year, medium and long-term loans are commonly 8-10%/year. Maximum short-term loan interest rates for some priority sectors are 4%/year.

According to Mr. Tran The Hung , Director of the State Bank of Vietnam Region 7 (Thanh Hoa, Ninh Binh, Ha Nam, Nam Dinh), up to now, the interest rate for deposits with terms of less than 6 months in this region is commonly from 2.61-3.34%/year; from 6 months or more, it is commonly from 4.35-5.17%/year.

“The lending interest rate for new transactions continues to decrease. Short-term lending interest rates are commonly at 5.5-7.5%/year; medium and long-term lending interest rates are commonly at 8-9%/year,” said Mr. Hung.

Source: https://baodaknong.vn/chi-gui-tien-1-thang-lai-suat-ngan-hang-nao-cao-nhat-248398.html