What is the special interest rate?

According to ACB's new interest rate schedule, for deposits under 200 million VND, terms of 1, 2, 3 months are 3.4%, 3.5%, 3.6%/year respectively, down 0.1 percentage point compared to yesterday.

Notably, the 6-month term decreased from 5% to 4.6%/year. The 9-month term decreased from 5.1% to 4.65%/year and the 12-month term decreased from 5.5% to 4.7%/year.

ACB adds 0.1 percentage point for each different deposit level such as from 200 million VND to under 1 billion VND, from 1-5 billion VND and from 5 billion VND or more.

With the above progressive interest rate calculation, the highest interest rate at ACB is 4.9%/year for a 12-month term if customers deposit from 5 billion VND or more.

ACB is the bank that pays the lowest interest rate on deposits for 6-month and 12-month terms. Interest rates for the remaining terms are also almost the lowest on the market.

However, ACB also applies a special interest rate for a 13-month term for VIP customers depositing VND200 billion or more at 6.5%/year (receiving interest at the end of the term) and 6.25%/year (receiving interest monthly).

In addition to ACB, some banks also apply this policy to attract "super VIP" customers.

HDBank is applying interest rates at the counter, 12-month and 13-month terms of 8.2%/year and 8.6%/year respectively for deposits of at least VND300 billion or more.

MSB Bank is also paying interest rates at the counter of up to 9%/year for 12- and 13-month term deposits with a minimum deposit amount of VND500 billion or more.

Also today, Bac A Commercial Joint Stock Bank (Bac A Bank) reduced 0.1 percentage point of interest rate for deposits with terms from 1 to 5 months, and reduced 0.2 percentage point of interest rate for deposits with terms from 6 to 13 months, and reduced 0.15 percentage point of interest rate for deposits with terms from 15 to 36 months.

Accordingly, the 1-5 month term is 4.35%/year; the 6-8 month term is 5.4%/year, the 9-11 month term is 5.5%/year and the 12-13 month term is 5.6%/year.

For 15-month term deposits, interest rates are reduced to 5.65%/year, while 18-36 month terms are reduced to 5.95%/year.

Thus, after this adjustment, there is no deposit term at Bac A Bank listed above 6%/year.

Kien Long Commercial Joint Stock Bank (Kien Long Bank) also lowered its interest rates for long-term deposits from 18 to 24 months. With a reduction of 0.2 percentage points, the interest rates for these terms have dropped to 6.2% per year.

KienLongBank keeps the interest rates unchanged for the remaining terms. The interest rate for 1-2 month terms is 4.55%/year, and for 3 month terms is 4.75%/year.

Interest rates for 6-month, 9-month and 12-month terms are 5.4%/year, 5.6%/year and 5.7%/year respectively. Meanwhile, the interest rate for 15-month term is 5.8%/year.

Thus, since the beginning of November until now, 12 banks have reduced deposit interest rates: Sacombank, NCB, VIB, BaoVietBank, Nam A Bank, VPBank, VietBank, SHB, Techcombank, Bac A Bank, KienLongBank, ACB.

HIGHEST DEPOSITS INTEREST RATE TABLE ON NOVEMBER 8 (%/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
OCEANBANK	4.6	4.6	5.8	5.9	6.1	6.5
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
VIET A BANK	4.5	4.5	5.6	5.6	6	6.3
BVBANK	4.4	4.7	5.55	5.65	5.75	5.75
BAOVIETBANK	4.4	4.75	5.5	5.6	5.9	6.2
NCB	4.45	4.45	5.5	5.65	5.8	6
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
BAC A BANK	4.35	4.35	5.4	5.5	5.6	5.95
KIENLONGBANK	4.55	4.75	5.4	5.6	5.7	6.2
VIETBANK	3.9	4.1	5.4	5.5	5.8	6.4
SCB	4.5	4.5	5.35	5.45	5.65	5.65
OCB	4.1	4.25	5.3	5.4	5.5	5.9
SHB	3.5	3.8	5.2	5.4	5.6	6.1
SAIGONBANK	3.4	3.6	5.2	5.4	5.6	5.6
EXIMBANK	3.5	4	5.2	5.5	5.6	5.8
VIB	3.8	4	5.1	5.2		5.6
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
SACOMBANK	3.6	3.8	5	5.3	5.6	5.75
VPBANK	3.7	3.8	5	5	5.3	5.1
TPBANK	3.8	4	5	5	5.55	6
MSB	3.8	3.8	5	5.4	5.5	6.2
NAMA BANK	3.6	4.2	4.9	5.2	5.7	6.1
ABBANK	3.9	4	4.9	4.9	4.7	4.4
SEABANK	4	4	4.8	4.95	5.1	5.1
TECHCOMBANK	3.55	3.75	4.75	4.8	5.25	5.25
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