Bank interest rates today April 10, 2025: Sharp increase in many terms

Eximbank sharply increased interest rates in many terms

Bank interest rates on April 10, 2025 recorded many notable changes. Eximbank became the center of attention when it suddenly increased interest rates for some terms after a series of consecutive decreases.

Specifically, the interest rate for 2-3 month terms increased to 3.6%/year, and for 4-5 month terms reached 3.7%/year. Longer terms such as 36 and 60 months increased to 5.6%/year, respectively.

However, for popular terms such as 6 months, 7–11 months and 12 months, interest rates decreased slightly.

This is Eximbank's first adjustment in the opposite direction in April, taking place at the same time many other banks such as VPBank, MBBank and Standard Chartered are also reducing deposit interest rates.

Banks with high interest rates

Although the interest rate level is no longer as high as in early 2023, some banks are still launching special incentive programs to attract large capital. ABBank is leading with a rate of 9.65%/year for a 13-month term, applied to deposits from VND 1,500 billion.

PVcomBank also offers a rate of 9%/year for customers depositing at the counter with a balance of 2,000 billion VND or more.

Banks such as HDBank and Vikki Bank also join the high interest rate race, but require a fairly large minimum balance. HDBank lists 8.1%/year for a 13-month term, while Vikki Bank applies 7.5%/year for loans from VND999 billion.

Many other banks such as IVB, Bac A Bank, ACB, LPBank still keep interest rates from 6% to 6.5%/year for deposits of several hundred to thousands of billions.

In addition to special programs, some banks still maintain attractive interest rates for individual customers. VietABank applies 6%/year for 18-24 month terms, 6.1% for 36 months.

GPBank is listing 6.05%/year for 12-month terms and 6.15% for longer terms.

In the digital banking and retail banking groups, interest rates are not far behind.

Cake by VPBank maintains 6%/year for 12-18 month terms and 6.3% for 24-36 month terms, suitable for individual depositors who do not need a large minimum balance.

Bank deposits set new record in volume

State Bank Governor Nguyen Thi Hong said interest rates have now been adjusted down after a meeting with commercial banks. As of the end of March 2025, deposit interest rates had only increased slightly by 0.08%, while lending interest rates had decreased by 0.4% compared to the end of 2024.

Deposits of residents at credit institutions by the end of December 2024 reached a record of VND7,065 trillion, up more than 8% compared to the end of the previous year. From November to December 2024 alone, the amount of deposits increased by nearly VND400 trillion.

Statistics also show that in 2024, at least 10 banks will adjust interest rates every month. MSB is the bank with the highest interest rate for a 12-month term at 6.3%, while BVBank leads the way for an 18-month term at a similar rate.

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Source: https://baonghean.vn/lai-suat-ngan-hang-hom-nay-10-4-2025-tang-manh-o-nhieu-ky-han-10294819.html