The Bank for Agriculture and Rural Development (Agribank) continued to adjust deposit interest rates for the second time this month, a record low.

Specifically, the interest rate for 1-2 month terms dropped sharply by 0.5 percentage points to 2.2%/year. The 3-5 month term dropped by 0.8 percentage points to 2.5%/year. Thus, the interest rate for 1-5 month terms at Agribank is equal to that of Vietcombank, the lowest in the market.

For terms from 6-9 months, Agribank sharply reduced 0.6 percentage points to only 3.6%/year (0.1 percentage point higher than Vietcombank).

Agribank keeps the 12-18 month term at 5%/year and the 24-36 month term at 5.5%/year (equal to BIDV and VietinBank).

Lien Viet Post Joint Stock Commercial Bank (LPBank) reduced 0.3 percentage points for deposits at all terms from 1-60 months. LPBank reduced deposit interest rates for the first time since October 16.

Interest rates for 1-2-3 month terms are 3.5%, 3.6%, and 3.7%/year respectively, and for 4-5 months they are 3.8% and 3.9% respectively.

From 6-8 months, LPBank reduced to only 4.8%/year and 12 months to only 4.9%/year.

For deposit terms of 10 months or more, LPBank maintains above 5%. Terms of 10 and 11 months are 5% and 5.1%/year, respectively. Terms of 12 months are 5.3%/year and from 13 to 16 months are 5.4%/year. Notably, terms of 18 months are at 5.7%/year.

Although it has decreased by 0.3 percentage points, the term from 24 to 60 months is still over 6%, specifically 6.1%/year. This is also the highest deposit interest rate in the market today.

Vietnam International Commercial Joint Stock Bank (VIB) continues to adjust down 0.2 percentage points of interest rates for terms from 1-36 months. The lowest interest rate is for the 1-month term at 3.4%. The 2-5 month term is 3.5%/year.

For deposits from 6-11 months, the interest rate is only 4.7%/year and from 15-18 months is 5.1%/year. The highest mobilization interest rate at VIB for the term of 24-36 months is 5.3%/year.

Vietnam Prosperity Joint Stock Commercial Bank (VPBank) continues to reduce deposit interest rates for the third time, from 0.2 - 0.3 percentage points at some terms.

Specifically, the 1-2 month term decreased by 0.2 percentage points to only 3.3%/year, 3-5 months decreased by 0.3 percentage points to 3.4%/year. VPBank decreased the 6-11 month term by 0.2 percentage points to 4.3%/year.

The remaining terms remain the same. The 12-month term is 5.1%/year, the 13-15-month term is 5.2%/year (the highest rate at VPBank) and the 18-36-month term is 5.1%/year.

Since the beginning of the month, more than 20 banks have reduced deposit interest rates, including HDBank, Techcombank, Eximbank, KienLongBank, SCB, PGBank, MB, MSB, NamA Bank, ABBank, Vietcombank, BIDV, VIB, VPBank, TPBank, Saigonbank, VietBank, ACB, VietinBank, Agribank, LPBank.

Of which, MB, Eximbank, SCB, Techcombank, VPBank, KienlongBank, Agribank are the banks that have reduced interest rates twice since the beginning of the month.

Notably, BIDV and VPBank have adjusted their deposit interest rates down three times this month, while VIB has reduced its interest rates four times.

HIGHEST DEPOSIT INTEREST RATES AT BANKS ON DECEMBER 22
BANK 1 MONTH 3 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS 18 MONTHS
HDBANK 3.65 3.65 5.5 5.2 5.7 6.5
OCEANBANK 4.3 4.5 5.5 5.6 5.8 5.8
KIENLONGBANK 3.95 3.95 5.4 5.6 5.7 6.2
NCB 4.25 4.25 5.35 5.45 5.7 6
VIETBANK 3.8 4 5.3 5.4 5.7 6.1
BAOVIETBANK 4.2 4.55 5.3 5.4 5.6 6
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
GPBANK 4.05 4.05 5.25 5.35 5.45 5.55
ABBANK 3.2 3.5 5.2 4.5 4.3 4
BAC A BANK 3.8 4 5.2 5.3 5.5 5.85
SHB 3.5 3.8 5.2 5.4 5.6 6.1
CBBANK 4.2 4.3 5.1 5.2 5.4 5.5
LPBANK 3.5 3.7 5.1 4.8 5.3 5.7
OCB 3.8 4 5.1 5.2 5.4 6.1
BVBANK 3.8 3.9 5.05 5.2 5.5 5.55
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
VIB 3.4 3.5 4.7 4.7 5.1
EXIMBANK 3.5 3.8 4.7 5.1 5.2 5.6
MSB 3.8 3.8 4.7 5.4 5.5 6.2
SACOMBANK 3.6 3.8 4.7 4.95 5 5.1
SAIGONBANK 3.2 3.4 4.6 4.8 5.1 5.6
PGBANK 3.1 3.5 4.6 5 5.5 5.8
SEABANK 3.8 4 4.6 4.75 5.1 5.1
TPBANK 3.4 3.6 4.6 5.15 5.5
ACB 3.2 3.4 4.5 4.6 4.7
TECHCOMBANK 3.45 3.65 4.45 4.5 4.75 4.75
MB 2.9 3.2 4.4 4.6 4.9 5.4
VPBANK 3.3 3.4 4.3 4.3 5.1 5.1
VIETINBANK 2.6 3 4 4 5 5
BIDV 2.6 3 4 4 5 5
AGRIBANK 2.2 2.5 3.6 3.6 5 5
SCB 2.25 2.55 3.55 3.55 4.85 4.85
VIETCOMBANK 2.2 2.5 3.5 3.5 4.8 4.8