Prosperity and Development Joint Stock Commercial Bank (PGBank) has sharply reduced interest rates for deposits with terms from 6 to 36 months. The 6-month term has decreased by 0.4 percentage points to 4.5%/year, the 9-month and 12-month terms have decreased by 0.6 percentage points to 4.7%/year and 5.2%/year, respectively. The 13-month term has decreased by 0.6 percentage points to 5.3%/year.

The sharpest decrease of 0.7 percentage points was in the 18-36 month term. Currently, the 18-month term is only 5.4%/year and the 24-36 month term is 5.5%/year.

PGBank keeps the interest rate unchanged for terms of 1-3 months, 1 month is 3.1%/year; 2 months 3.2%/year, 3 months 3.5%/year.

Saigon Bank for Industry and Trade (Saigonbank) has just reduced interest rates for the first time in 2024, by 0.3 percentage points for terms of 10-11 months and 0.1 percentage points for terms of 12-36 months.

On the online channel, 1-month term is only 2.5%/year, 2-month term is 2.6%/year, 3-month term is 2.7%/year, 4-month term is 2.9%/year and 5-month term is 3%/year.

Saigonbank listed the interest rate for 6-month deposits at 3.9%/year, 7-8 months at 4%/year and 9 months at 4.1%/year.

Interest rates for 10 and 11 month terms are currently 4.2% and 4.3%/year, and for 12-13 months they are 5-5.1%/year.

Deposit terms from 18-36 months currently have the highest mobilization interest rate of 5.4%/year.

Kien Long Commercial Joint Stock Bank (KienLong Bank) has also just reduced its deposit interest rates for the fourth time since the beginning of the year. KienLong Bank reduced all deposit terms from 1-36 months by 0.2 percentage points. The 1-3 month term is now 3.75%/year, 6 months is 4.6%/year, 9 months is 4.8%/year, 12 months is 4.9%/year, 13 months is 5%/year, 15 months is 5.1%/year, 18-36 months is 5.4%/year.

After 4 adjustments since the beginning of the year, deposit interest rates at KienLong Bank have decreased by 0.6-0.8 percentage points depending on the term.

Thus, the savings interest rates on the first day of the week recorded a decrease at 3 banks with small charter capital. Interest rates at the remaining banks have not changed as of mid-morning today.

Since the beginning of January 2024, 32 banks have reduced deposit interest rates, including: BaoViet Bank, GPBank, Eximbank, SHB, Bac A Bank, KienLong Bank, LPBank, OCB, VIB, TPBank, ABBank, NCB, Viet A Bank, Vietcombank, PVCombank, SCB, HDBank, VietBank, Techcombank, Agribank, BIDV, VietinBank, VPBank, SeABank, MSB, Nam A Bank, MB, BVBank, Sacombank, OceanBank, PGBank, Saigonbank.

Of which, OCB, GPBank, SHB, VIB, Bac A Bank, VPBank, Eximbank, VietBank, HDBank, TPBank, BaoViet Bank have reduced interest rates for the second time since the beginning of January.

SHB and NCB have reduced interest rates three times, while Viet A Bank and KienLong Bank have adjusted them down four times.

On the contrary, ACB, ABBank, VPBank and Sacombank are the banks that have increased deposit interest rates since the beginning of the month.

HIGHEST DEPOSITS INTEREST RATES ON JANUARY 29
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
NCB 3.9 4.1 5.05 5.15 5.5 6
ABBANK 3.15 3.35 5 4.4 4.4 4.4
PVCOMBANK 3.05 3.05 5 5 5.1 5.4
VIETBANK 3.5 3.7 4.9 5 5.3 5.8
HDBANK 3.25 3.25 4.9 4.7 5.1 6
BAC A BANK 3.6 3.8 4.9 5 5.2 5.6
DONG A BANK 3.9 3.9 4.9 5.1 5.4 5.6
NAMA BANK 3.1 3.6 4.9 5.2 5.7 6.1
BVBANK 3.65 3.75 4.85 5 5.15 5.55
SHB 3.1 3.3 4.8 5 5.3 5.8
BAOVIETBANK 3.5 3.85 4.8 4.9 5.3 5.5
VIET A BANK 3.4 3.5 4.8 4.9 5.2 5.6
GPBANK 2.9 3.42 4.75 4.9 4.95 5.05
SACOMBANK 3 3.2 4.7 4.95 5.2 5.6
KIENLONGBANK 3.75 3.75 4.6 4.8 4.9 5.4
OCB 3 3.2 4.6 4.7 4.9 5.4
PGBANK 3.1 3.5 4.5 4.7 5.2 5.4
EXIMBANK 3.4 3.7 4.5 4.5 5 5.2
VIB 3.2 3.4 4.5 4.5 5.2
VPBANK 3.1 3.3 4.4 4.4 5.1 5.2
OCEANBANK 3.1 3.3 4.4 4.6 5.1 5.5
LPBANK 2.8 3.1 4.3 4.4 5.3 5.7
SEABANK 3.4 3.6 4.15 4.3 4.75 5
TPBANK 2.8 3 4 4.8 5
SAIGONBANK 2.5 2.7 3.9 4.1 5 5.4
ACB 2.9 3.2 3.9 4.2 4.8
MSB 3.5 3.5 3.9 3.9 4.3 4.3
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
AGRIBANK 1.8 2.1 3.4 3.4 5 5
BIDV 2 2.3 3.3 3.3 5 5
VIETINBANK 1.9 2.2 3.2 3.2 5 5
SCB 1.75 2.05 3.05 3.05 4.75 4.75
VIETCOMBANK 1.7 2 3 3 4.7 4.7