On December 29, OceanBank reduced its deposit interest rates by up to 0.7 percentage points. Specifically, OceanBank reduced the term by 0.6 percentage points from 1-5 months. The term of 1-2 months is now 3.7%/year, and the term of 3-5 months is now 3.9%/year.

The bank further reduced the 6-8 month term by 0.7 percentage points to 4.8%/year, and the 9-11 month term by 0.6 percentage points to 5%/year.

Online deposit interest rates for terms of 12-15 months decreased by 0.3 percentage points to 5.5%/year, and for terms of 18-24 months, they decreased by only 0.1% to 5.7%/year.

OceanBank maintains the 36-month deposit interest rate at 6%/year. This is the only deposit term that is not adjusted and is the highest at OceanBank.

Saigon Bank for Industry and Trade (Saigonbank) today announced a further reduction in interest rates for both term and non-term deposits. The interest rate for non-term deposits has just been adjusted from 0.5%/year to only 0.2%/year.

For term deposit interest rates, Saigonbank reduced 0.4 percentage points from 1-11 month terms. 1 month term is now 2.8%/year, 2 months 2.9%/year, 3 months 3%/year, 4 months 3.2%/year, 5 months 3.3%/year, 6 months 4.2%/year, 7-8 months 4.3%/year, 9 months 4.4%/year, 10 months 4.5%/year, 11 months 4.6%/year.

Saigonbank kept the 12-month term unchanged at 5.1%/year, while reducing the 13-month term by 0.2 percentage points to 5.3%/year.

The term from 18-36 months decreased slightly by 0.1 percentage point to 5.5%/year. This is also the highest mobilization interest rate at Saigonbank.

Up to now, interest rates are at an unprecedented low, especially for the group of 4 state-owned commercial banks (Agribank, BIDV, Vietcombank, VietinBank).

Currently, the highest interest rate at the Big4 group is 5.3%/year for customers depositing savings for 24-36 months at Agribank, VietinBank and BIDV. At Vietcombank, the highest interest rate is 4.8%/year for 12-24 months.

Vietcombank listed a 1-2 month term at only 1.9%/year, this term at Agribank is 2%/year, VietinBank is 2.2%/year and BIDV is 2.3%/year.

According to statistics, since the beginning of the month, 23 banks have reduced deposit interest rates: HDBank, Techcombank, Eximbank, KienLongBank, SCB, PGBank, MB, MSB, NamA Bank, ABBank, Vietcombank, BIDV, VIB, VPBank, TPBank, Saigonbank, VietBank, ACB, VietinBank, Agribank, LPBank, SeABank, OceanBank.

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

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

PGBank alone increased its deposit interest rate by 0.3 percentage points, while ABBank increased its deposit interest rate for 5 and 8 month terms.

HIGHEST DEPOSITS INTEREST RATES ON DECEMBER 29
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
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
ABBANK 3.2 3.5 5.3 5 4.3 4
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 5.25 5.45 5.55
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
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
PGBANK 3.1 3.5 4.9 5.3 5.8 6.1
OCEANBANK 3.7 3.9 4.8 5 5.5 5.7
LPBANK 3.5 3.7 4.8 4.9 5.3 5.7
VIB 3.4 3.5 4.7 4.7 5.1
EXIMBANK 3.5 3.8 4.7 5.1 5.2 5.6
SACOMBANK 3.6 3.8 4.7 4.95 5 5.1
TECHCOMBANK 3.45 3.65 4.45 4.5 4.75 4.75
TPBANK 3.2 3.4 4.4 5 5.3
MB 2.9 3.2 4.4 4.6 4.9 5.4
SEABANK 3.6 3.8 4.4 4.55 5 5.1
VPBANK 3.3 3.4 4.3 4.3 5.1 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
ACB 2.6 2.9 3.9 4.1 4.7
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