NCB Bank has just announced a new online interest rate table. This interest rate table is adjusted back to the level from mid-July 2023.

Specifically, the 1-5 month term simultaneously jumped to the ceiling of 4.75%/year after increasing by 0.5%/year.

Notably, after a sharp increase of 1.85%, the 6-7 month term increased to 7.2%/year and the 8-9 month term increased to 7.3%/year. The 10-11 month term increased by 1.9% to 7.35%/year.

At NCB, the highest interest rate is for 12 and 13 month terms, up to 7.5%/year (an increase of 1.8% compared to before). For 15-18 month terms, the interest rate increased by 1.4% to 7.4%/year. For 24-30 month terms, the new interest rate is 7.3%/year, for 36 and 60 month terms, it is 7.2% and 7.1%/year, respectively.

Currently, NCB is the bank that pays the highest interest rate for all terms, far exceeding the average interest rate of 2-2.5%/year. This is also the first time a bank has sharply increased its interest rate by up to 1.9%/year.

NCB's counter deposit interest rates also increased. The 1-5 month term increased to the maximum rate regulated by the State Bank of Vietnam, which is 4.75%/year.

Interest rates at the counter for 6-7 month terms increased from 5.2% to 7.05%/year; 8-9 month terms increased to 7.15%/year, 10-11 month terms are 7.2%/year, 12-13 month terms are 7.35%/year, 15-18 month terms are 7.25%/year, 24-30 month terms are 7.15%/year, 36 month terms are 7.05%/year and 60 month terms are 6.95%/year.

An Binh Commercial Joint Stock Bank (ABBank) adjusted interest rates down for terms of 1-11 months but increased for the remaining terms.

Accordingly, the 1-5 month term is reduced by 0.05%/year. Currently, the interest rate for 1 month is 3.15%/year, 2 months is 3.25%/year, 3-5 months is 3.35%/year. With a reduction of 0.1-0.3%/year, the 6-month term is 5%/year, 7-8 months is 4.8%/year, 9-11 months is 4.4%/year.

On the other hand, ABBank listed the interest rate for 12-60 month terms at 4.4%/year. Thus, the 12-month term increased by 0.1%/year, the 13-36 month term increased by 0.3%/year and the 48-60 month term increased by 0.8%/year.

Since the beginning of January 2024, 11 banks have reduced their deposit interest rates since the beginning of the new year 2024, including: BaoViet Bank, GPBank, Eximbank, SHB, Bac A Bank, KienLong Bank, LPBank, OCB, VIB, TPBank, ABBank. On the contrary, ACB and NCB banks have increased their deposit interest rates, while ABBank has just increased interest rates for terms from 12 to 60 months.

HIGHEST DEPOSITS INTEREST RATE TABLE ON JANUARY 10, 2024
BANK 1 MONTH 3 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS 18 MONTHS
NCB 4.75 4.75 7.2 7.3 7.5 7.4
HDBANK 3.65 3.65 5.5 5.5 5.7 6.5
VIETBANK 3.8 4 5.3 5.4 5.7 6.1
VIET A BANK 4.3 4.3 5.3 5.3 5.6 6
PVCOMBANK 3.35 3.35 5.3 5.3 5.4 5.7
KIENLONGBANK 3.95 3.95 5.2 5.4 5.5 6
GPBANK 3.4 3.92 5.15 5.3 5.35 5.45
BAC A BANK 3.7 3.9 5.1 5.2 5.4 5.8
BAOVIETBANK 3.8 4.15 5.1 5.2 5.6 5.8
CBBANK 4.2 4.3 5.1 5.2 5.4 5.5
BVBANK 3.8 3.9 5.05 5.2 5.5 5.55
ABBANK 3.15 3.35 5 4.4 4.4 4.4
SHB 3.5 3.8 5 5.2 5.4 5.8
DONG A BANK 3.9 3.9 4.9 5.1 5.4 5.6
NAMA BANK 3.3 4 4.9 5.2 5.7 6.1
PGBANK 3.1 3.5 4.9 5.3 5.8 6.1
OCB 3.4 3.6 4.8 4.9 5.1 5.8
OCEANBANK 3.7 3.9 4.8 5 5.5 5.7
SACOMBANK 3.6 3.8 4.7 4.95 5 5.1
VIB 3.2 3.4 4.6 4.6 5.1
EXIMBANK 3.4 3.7 4.6 5 5.1 5.5
SEABANK 3.6 3.8 4.4 4.55 5 5.1
LPBANK 2.8 3.1 4.3 4.4 5.3 5.7
VPBANK 3.3 3.4 4.3 4.3 5.1 5.1
TPBANK 3 3.2 4.2 4.9 5.1
SAIGONBANK 2.8 3 4.2 4.4 5.1 5.5
MSB 3.5 3.5 4.2 4.2 4.9 4.9
MB 2.7 3 4.1 4.3 4.9 5.4
TECHCOMBANK 2.95 3.15 4.05 4.1 4.75 4.75
ACB 2.9 3.2 3.9 4.2 4.8
BIDV 2.3 2.6 3.6 3.6 5 5
AGRIBANK 2 2.5 3.6 3.6 5 5
VIETINBANK 2.2 2.5 3.5 3.5 5 5
SCB 1.95 2.25 3.25 3.25 4.85 4.85
VIETCOMBANK 1.9 2.2 3.2 3.2 4.8 4.8