According to VietNamNet statistics, 12 banks increased their deposit interest rates, including ACB, VIB, GPBank, NCB, BVBank, Sacombank, CB, Bac A Bank, Techcombank, TPBank, PGBank, and SeABank. Previously in April, 15 commercial banks increased their deposit interest rates.

Notably, since the beginning of May, only VIB has adjusted its interest rates down by 0.1 percentage points for 24 and 36-month terms. VIB is also the first bank to have increased its deposit interest rates twice since the beginning of May.

Like at the end of April, only KienLong Bank listed an interest rate of 5%/year for 9-11 month term deposits, while the same term at other banks was below 5%/year.

The fact that many banks are increasing their deposit interest rates, above 5%/year, is becoming more and more common, even dominating the interest rate table for 12-36 month terms.

The highest interest rate is currently 6.1%/year, applied by OceanBank for 36-month online deposits.

OceanBank is also leading the market in 24-month term interest rates at 6%/year. This interest rate is also being applied by OCB Bank for 36-month term online deposits.

Online savings interest rates for 12-18 month terms at OceanBank are the highest in the market. 12-month term is 5.4%/year, 18-month term is 5.9%/year.

If we only count the 12-month term, the interest rate of 5.2%/year of VietBank, NCB, and KienLong Bank is also the second highest in the market, only after OceanBank.

The 18-month term is dominating the number of banks listing interest rates of 5%/year or more. Along with OceanBank, HDBank is also leading in this term with interest rates up to 5.9%/year. Next are VietBank (5.8%/year), NCB (5.7%/year), Saigonbank and LPBank (5.6%/year), etc.

In addition to the 6%/year rate currently listed by OceanBank, a series of banks also listed outstanding interest rates for the 24-month term, including: OCB and VietBank (5.8%/year); NCB and Saigonbank (5.7%/year); LPBank and TPBank (5.6%/year);…

With a 36-month term, in addition to the 6-6.1% interest rate of OCB and OceanBank, VietBank, SHB and Saigonbank also follow closely behind with 5.8%/year for this term.

In the group of state-owned commercial banks, VietinBank is the only bank currently maintaining an interest rate of 5%/year, applied to 24-36 month term deposits.

Vietcombank, Agribank and BIDV are all listing interest rates below 5%/year for all terms. Even the interest rates for 1-3 month terms at Vietcombank and Agribank are listed below 2%/year.

INTEREST RATES FOR 12 - 36 MONTH DEPOSITS AT BANKS ARE APPLYING INTEREST RATES FROM 5%/YEAR, MAY 11
BANK 12 MONTHS 18 MONTHS 24 MONTHS 36 MONTHS
OCEANBANK 5.4 5.9 6 6.1
OCB 4.9 5.4 5.8 6
VIETBANK 5.2 5.8 5.8 5.8
SAIGONBANK 5 5.6 5.7 5.8
SHB 4.9 5.2 5.5 5.8
NCB 5.2 5.7 5.7 5.7
LPBANK 5 5.6 5.6 5.6
TPBANK 4.9 5.3 5.6 5.6
HDBANK 5 5.9 5.5 5.5
KIENLONGBANK 5.2 5.5 5.5 5.5
BAC A BANK 5.1 5.5 5.5 5.5
NAM A BANK 5.1 5.5 5.5 5.5
BAOVIETBANK 4.7 5.5 5.5 5.5
VIET A BANK 4.8 5.1 5.4 5.4
PGBANK 4.7 5 5.4 5.4
SACOMBANK 4.9 5.1 5.2 5.4
BVBANK 4.85 5.25 5.25 5.35
PVCOMBANK 4.8 5.3 5.3 5.3
GPBANK 5.15 5.25 5.25 5.25
CBBANK 5 5.25 5.25 5.25
EXIMBANK 4.9 5.1 5.2 5.2
VPBANK 4.8 4.8 5.2 5.2
VIETINBANK 4.7 4.7 5 5