Techcombank only applies interest rate increase to deposits with terms from 1-5 months.

Specifically, the interest rate for 1-2 month deposits increased by 0.4 percentage points to 2.75%/year; the interest rate for 3-5 month deposits increased by 0.5 percentage points to 3.15%/year.

Techcombank maintains the interest rates for the remaining terms. Specifically, the interest rate for 6-8 month terms is 3.75%/year, for 9-11 month terms is 3.8%/year and for 12-36 month terms is 4.75%/year.

Today, Dong A Commercial Joint Stock Bank (Dong A Bank) also became the next bank to reduce deposit interest rates with a uniform reduction of 0.4 percentage points for all deposit terms.

According to the mobilization interest rate table just announced by Dong A Bank, the interest rate for 1-5 month term deposits has been reduced to 3.5%/year; the interest rate for 6-8 month term deposits is 4.5%/year, the interest rate for 9-11 month term deposits is 4.7%/year, and the interest rate for 12 month term deposits is 5%/year.

The highest bank interest rate at Dong A Bank is for the 13-month term, currently listed at 5.3%/year. Meanwhile, bank interest rates for terms from 18-36 months have dropped to 5.2%/year.

However, Dong A Bank continues to maintain the “special interest rate” of 7.5% for term deposits of 13 months or more. The condition to enjoy this highest interest rate is that customers deposit 200 billion VND or more.

Apart from Dong A Bank and Techcombank, interest rates at other banks remained unchanged. Previously, on the first working day after the Lunar New Year holiday, National Commercial Joint Stock Bank (NCB) was the only bank to reduce deposit interest rates.

Thus, since the beginning of February 2024, up to 16 banks have reduced deposit interest rates including: LPBank, Sacombank, NCB, Viet A Bank, SeABank, Techcombank, ACB, VIB, Eximbank, BVBank, KienLong Bank, ABBank, Bac A Bank, PGBank, Sacombank, Dong A Bank.

Of which, VIB, Sacombank, NCB are the first banks to reduce interest rates for the second time since the beginning of the month.

Techcombank is the first bank to adjust interest rates upward, but only slightly for short-term terms. Interest rates at this bank are still among the lowest today.

HIGHEST DEPOSIT INTEREST RATES AT BANKS ON FEBRUARY 16
BANK 1 MONTH 3 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS 18 MONTHS
CBBANK 4.2 4.3 5.1 5.2 5.4 5.5
VIETBANK 3.5 3.7 4.9 5 5.3 5.8
HDBANK 3.15 3.15 4.8 4.6 5 5.9
PVCOMBANK 2.85 2.85 4.8 4.8 4.9 5.2
BAOVIETBANK 3.5 3.85 4.8 4.9 5.3 5.5
GPBANK 2.9 3.42 4.75 4.9 4.95 5.05
ABBANK 3 3.2 4.7 4.3 4.3 4.4
NCB 3.6 3.8 4.65 4.75 5.2 5.7
BVBANK 3.65 3.75 4.65 4.8 5.95 5.55
VIET A BANK 3.2 3.5 4.6 4.6 5.1 5.4
SHB 2.9 3.3 4.6 4.8 5 5.2
OCB 3 3.2 4.6 4.7 4.9 5.4
NAMA BANK 2.9 3.4 4.6 4.9 5.4 5.8
DONG A BANK 3.5 3.5 4.5 4.7 5 5.2
BAC A BANK 3 3.2 4.5 4.6 4.9 5.3
KIENLONGBANK 3.5 3.5 4.5 4.7 4.9 5.4
OCEANBANK 3.1 3.3 4.4 4.6 5.1 5.5
VPBANK 3.1 3.3 4.4 4.4 5 5
VIB 2.9 3.2 4.3 4.3 5.2
EXIMBANK 3.1 3.4 4.3 4.3 4.8 5
PGBANK 3.1 3.5 4.2 4.4 4.9 5.1
LPBANK 2.6 2.7 4 4.1 5 5.6
TPBANK 2.8 3 4 4.8 5
SACOMBANK 2.4 2.6 3.9 4.2 5 5.6
SEABANK 3.2 3.4 3.9 4.1 4.75 5
MSB 3.5 3.5 3.9 3.9 4.3 4.3
SAIGONBANK 2.5 2.7 3.9 4.1 5 5.4
ACB 2.9 3.2 3.9 4.2 4.8
MB 2.6 2.9 3.9 4.1 4.8 5.2
TECHCOMBANK 2.75 3.15 3.75 3.8 4.75 4.75
BIDV 2 2.3 3.3 3.3 4.8 4.8
AGRIBANK 1.7 2 3.2 3.2 4.8 4.8
VIETINBANK 1.9 2.2 3.2 3.2 4.8 4.8
SCB 1.75 2.05 3.05 3.05 4.75 4.75
VIETCOMBANK 1.7 2 3 3 4.7 4.7