Where to deposit for a term of less than 12 months to get the best interest?

According to CBBank's online interest rate table, the 6-month term interest rate decreased by 0.3 percentage points to 5.7%/year. The 7-11 month term also decreased similarly to 5.8%/year.

Thus, the interest rate for deposits with terms from 6 to 11 months at CBBank has officially dropped below 6%/year.

Currently, there are only two banks maintaining interest rates above 6%/year for deposit terms under 12 months: NCB and PVCombank.

For deposits with terms of 12 months or more, CBBank also reduced interest rates by 0.3 percentage points. The bank interest rate for 12-month terms is now 6%/year, and for terms of 13 months or more, it is currently 6.1%/year.

CBBank still maintains the interest rate for deposits of 1-5 months. The interest rate for 1-2 month term is currently 4.2%/year, while the interest rate for 3-5 month term is 4.3%/year.

According to statistics from the beginning of October, 24 banks have reduced deposit interest rates, including: PVCombank, VIB, Sacombank, VietBank, SCB, VPBank, SHB, BIDV, VietinBank, HDBank, BaoViet Bank, Techcombank, SeABank, Viet A Bank, PG Bank, Dong A Bank, Vietcombank, LPBank, Nam A Bank, CBBank, ACB, Bac A Bank, and NCB.

Of which, CBBank, VIB, Vietcombank, SHB, Dong A Bank, PG Bank, Nam A Bank, HDBank, LPBank, Viet A Bank are the banks that reduced interest rates twice this month.

VietBank and Bac A Bank have reduced interest rates for the third time this month. On the contrary, there was one bank that increased deposit interest rates, GPBank, on October 4.

HIGHEST DEPOSITS INTEREST RATE TABLE ON OCTOBER 27 (%/year)
BANK	1 MONTH	3 MONTHS	6 MONTHS	9 MONTHS	12 MONTHS	18 MONTHS
PVCOMBANK	3.95	3.95	6.1	6.1	6.2	6.5
NCB	4.65	4.65	6	6.05	6.2	6.4
VIET A BANK	4.5	4.5	5.8	5.8	6.1	6.3
BAOVIETBANK	4.4	4.75	5.8	5.9	6.1	6.4
OCEANBANK	4.6	4.6	5.8	5.9	6.1	6.5
BVBANK	4.4	4.7	5.75	5.9	6.05	6.15
CBBANK	4.2	4.3	5.7	5.8	6	6.1
HDBANK	4.05	4.05	5.7	5.5	5.9	6.5
BAC A BANK	4.55	4.55	5.6	5.7	5.8	6.1
DONG A BANK	4.5	4.5	5.5	5.6	5.85	5.85
GPBANK	4.25	4.25	5.45	5.55	5.65	5.75
VIETBANK	4.4	4.4	5.4	5.5	5.8	6.4
SHB	3.8	4.1	5.4	5.5	5.8	6.3
KIENLONGBANK	4.75	4.75	5.4	5.5	5.7	6.4
SCB	4.5	4.5	5.35	5.45	5.65	5.65
SACOMBANK	3.7	3.9	5.3	5.6	6.2	6.4
OCB	4.1	4.25	5.3	5.4	5.5	5.9
SAIGONBANK	3.4	3.6	5.2	5.4	5.6	5.6
VIB	3.9	4.1	5.2	5.2		5.7
EXIMBANK	4	4	5.2	5.5	5.6	5.8
PG BANK	3.8	3.8	5.1	5.3	5.4	6.2
LPBANK	3.8	4	5.1	5.2	5.6	6
MB	3.5	3.8	5.1	5.2	5.4	6.1
VPBANK	3.9	3.95	5	5	5.3	5.1
ACB	3.5	3.7	5	5.1	5.5
TPBANK	3.8	4	5	5	5.55	6
MSB	3.8	3.8	5	5.4	5.5	5.5
TECHCOMBANK	3.55	3.75	4.95	5	5.35	5.35
NAMA BANK	4.65	4.65	4.9	5.2	5.7	6.1
ABBANK	3.7	3.9	4.9	4.9	4.7	4.4
SEABANK	4	4	4.8	4.95	5.1	5.1
AGRIBANK	3.4	3.85	4.7	4.7	5.5	5.5
VIETINBANK	3.4	3.75	4.6	4.6	5.3	5.3
BIDV	3.2	3.5	4.4	4.4	5.3	5.3
VIETCOMBANK	2.8	3.1	4.1	4.1	5.1	5.1