Vietnam Thuong Tin Commercial Joint Stock Bank (VietBank) has just joined the race to increase deposit interest rates, by increasing interest rates for 1-month and 3-month deposit terms.

According to the online interest rate table just updated by VietBank, the 1-month term bank interest rate increased to 3.9%/year, the 3-month term bank interest rate increased to 4.1%/year.

However, VietBank only adjusted the deposit interest rate up for the above two terms, keeping the interest rate for the remaining terms unchanged.

Previously, in the most recent interest rate adjustment on September 19, VietBank also only increased deposit interest rates for terms from 1 to 4 months, with an increase of 0.2%/year.

With interest rates remaining unchanged for most terms, the online mobilization interest rate listed by VietBank for 2-month terms is 3.9%/year, 4 and 5-month terms are 4.1% and 4%/year respectively.

VietBank listed online deposit interest rate for 6-month term at 5.2%/year, while bank interest rate for 7-9 month term is 5%/year and 10-11 month term is 5.1%/year.

Online savings interest rates of 5.6%/year are listed for 12 and 14-month terms, while the 15-month term interest rate is 5.7%/year.

Deposit terms of 16-17 months are also listed by VietBank at a fairly high rate compared to the current average, up to 5.8%/year.

Notably, the highest interest rate of 5.9%/year belongs to deposit terms from 18 to 36 months.

VietBank is the only bank that announces long-term savings interest rates from 2 years to 15 years, with a single interest rate of 5%/year.

Previously, this bank stopped mobilizing 13-month term deposits from October 30, 2023. For existing 13-month term savings accounts, the bank automatically renews them when they mature to a 12-month term (for online savings products) and automatically renews them when they mature to a 14-month term (for An Loc Middle-aged Savings products).

Compared to online interest rates, VietBank's listed interest rates at the counter are 0.1%/year lower.

VietBank is also the only bank to adjust interest rates today, bringing the total number of banks increasing deposit interest rates since the beginning of November to 6 banks, including: VIB, MB, Agribank, Techcombank, ABBank and VietBank.

INTEREST RATES FOR ONLINE DEPOSITS AT BANKS ON NOVEMBER 12, 2024 (%/YEAR)
BANK 1 MONTH 3 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS 18 MONTHS
AGRIBANK 2.2 2.7 3.5 3.5 4.7 4.7
BIDV 2 2.3 3.3 3.3 4.7 4.7
VIETINBANK 2 2.3 3.3 3.3 4.7 4.7
VIETCOMBANK 1.6 1.9 2.9 2.9 4.6 4.6
ABBANK 3.2 3.9 5.5 5.6 5.9 6.2
BAC A BANK 3.95 4.25 5.4 5.5 5.8 6.15
BAOVIETBANK 3.3 4 5.2 5.4 5.8 6
BVBANK 3.8 4 5.2 5.5 5.8 6
CBBANK 3.8 4 5.5 5.45 5.65 5.8
DONG A BANK 3.9 4.1 5.55 5.7 5.8 6.1
EXIMBANK 3.9 4.3 5.2 4.5 5.2 5.8
GPBANK 3.2 3.72 5.05 5.4 5.75 5.85
HDBANK 3.85 3.95 5.1 4.7 5.5 6.1
KIENLONGBANK 3.7 3.7 5.2 5.3 5.6 5.7
LPBANK 3.6 3.8 5 5 5.4 5.7
MB 3.5 3.9 4.5 4.5 5.1 5.1
MSB 3.9 3.9 4.8 4.8 5.6 5.6
NAM A BANK 3.8 4.1 5 5.2 5.6 5.7
NCB 3.9 4.2 5.55 5.65 5.8 5.8
OCB 3.9 4.1 5.1 5.1 5.2 5.4
OCEANBANK 4.1 4.4 5.4 5.5 5.8 6.1
PGBANK 3.4 3.8 5 5 5.5 5.8
PVCOMBANK 3.3 3.6 4.5 4.7 5.1 5.8
SACOMBANK 3.3 3.6 4.9 4.9 5.4 5.6
SAIGONBANK 3.3 3.6 4.8 4.9 5.8 6
SEABANK 2.95 3.45 3.95 4.15 4.7 5.45
SHB 3.5 3.8 5 5.1 5.5 5.8
TECHCOMBANK 3.35 3.65 4.55 4.55 4.85 4.85
TPBANK 3.5 3.8 4.7 5.2 5.4
VIB 3.5 3.8 4.8 4.8 5.3
VIET A BANK 3.4 3.7 4.8 4.8 5.4 5.7
VIETBANK 3.9 4.1 5.2 5 5.6 5.9
VPBANK 3.6 3.8 4.8 4.8 5.3 5.3