PVCombank, along with ACB, HDBank, DongA Bank, MSB, LPBank, etc., are banks that maintain special interest rates that are much higher than online deposit interest rates.

Specifically, PVCombank listed a special interest rate of 9%/year for 12- and 13-month term deposits with a deposit balance of VND2,000 billion or more, customers will only receive interest at the end of the term.

PVCombank is still the leading bank in terms of special interest rates for depositors with the most difficult conditions. Previously, this bank listed a special interest rate of up to 9.5%/year.

At HDBank, the special interest rates currently applied for 12 and 13 month terms are 7.7% and 8.1%/year respectively. The conditions to receive this interest rate are that individual customers receive interest at the end of the term and deposit a minimum amount of VND500 billion.

500 billion VND is also the minimum amount required by MSB Bank to receive the highest deposit interest rate of up to 8%/year, 13-month term; and 7%/year with 12-month term.

In addition, this bank is also applying a deposit interest rate of up to 6.3%/year, for terms of 12, 15, and 24 months, regardless of the deposit amount. This preferential interest rate is applied by MSB to priority customers, customers receiving salary through payment accounts opened at MSB, customers who are bank employees and TNG Group.

At DongA Bank, the special interest rate currently applied is 7.5%/year, for a term of 13 months. The condition is a minimum deposit balance of VND200 billion. This is also the most "breathable" condition for banks applying special interest rate policies.

In addition, for individual customers depositing money for a term of 6-12 months and receiving interest at the end of the term, DongA Bank offers an additional interest rate of 0.05%/year for customers depositing from 500 million to less than 1 billion VND; and an additional 0.1%/year for customers depositing from 1 billion VND or more.

At LPBank, the highest interest rate at the counter is 5.5%/year, but for deposits of 300 billion VND or more, the interest rate applied to customers receiving interest at the end of the term is 6.5%/year, receiving interest monthly is 6.3%/year, and receiving interest at the beginning of the term is 6.07%/year.

200 billion VND is the condition that ACB Bank offers to VIP customers if they want to receive the highest bank interest rate of 6%/year when depositing money for a 13-month term. In case customers receive interest monthly, the highest mobilization interest rate will be 5.9%/year.

Surveyed at banks early this morning, February 12, for the second consecutive day there was no change in the deposit interest rate table. Thus, since the beginning of February 2025, only 5 banks have adjusted deposit interest rates, including: TPBank (reducing deposit interest rates for terms of 1 - 2 - 3 and 12 months), Techcombank (increasing interest rates for terms of 6-36 months), Bac A Bank (reducing interest rates for 1-36 months) and Eximbank (increasing interest rates for 1-12 months, reducing interest rates for 15-36 months).

INTEREST RATES FOR ONLINE DEPOSITS AT BANKS ON FEBRUARY 12, 2025 (%/YEAR)
BANK 1 MONTH 3 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS 18 MONTHS
AGRIBANK 2.4 3 3.7 3.7 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 4 5.5 5.6 5.8 5.6
ACB 3.1 3.5 4.2 4.3 4.9
BAC A BANK 3.6 3.9 5.05 5.15 5.6 6
BAOVIETBANK 3.3 4.35 5.45 5.5 5.8 6
BVBANK 3.95 4.15 5.45 5.75 6.05 6.35
DONGA BANK 4.1 4.3 5.55 5.7 5.8 6.1
EXIMBANK 4.1 4.4 5.4 5.4 5.6 6.5
GPBANK 3.5 4.02 5.35 5.7 6.05 6.15
HDBANK 3.85 3.95 5.3 4.7 5.6 6.1
IVB 4 4.35 5.35 5.35 5.95 6.05
KIENLONGBANK 4.3 4.3 5.8 5.8 6.1 6.1
LPBANK 3.6 3.9 5.1 5.1 5.5 5.8
MB 3.7 4 4.6 4.6 5.1 5.1
MBV 4.3 4.6 5.5 5.6 5.8 6.1
MSB 4.1 4.1 5 5 6.3 5.8
NAM A BANK 4.3 4.5 5 5.2 5.6 5.7
NCB 4.1 4.3 5.45 5.55 5.7 5.7
OCB 4 4.2 5.2 5.2 5.3 5.5
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
SCB 1.6 1.9 2.9 2.9 3.7 3.9
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 4.65 4.65 4.85 4.85
TPBANK 3.5 3.8 4.8 4.9 5.2 5.5
VCBNEO 4.15 4.35 5.85 5.8 6 6
VIB 3.8 3.9 4.9 4.9 5.3
VIET A BANK 3.7 4 5.2 5.4 5.7 5.9
VIETBANK 4.2 4.4 5.4 5 5.8 5.9
VPBANK 3.8 4 5 5 5.5 5.5

The latest report of the State Bank of Vietnam (SBV) on interest rate developments of credit institutions for customers in December 2024 shows that the average VND deposit interest rate of domestic commercial banks is at 0.1-0.2%/year for demand deposits and deposits with terms of less than 1 month; 3.1-4.0%/year for deposits with terms from 1 month to less than 6 months;

Interest rates are 4.4-5.2%/year for term deposits from 6 months to 12 months; 5.0-5.9%/year for term deposits from over 12 months to 24 months and 6.8-7.2%/year for term deposits over 24 months.

Meanwhile, the average lending interest rate of domestic commercial banks for new and old loans with outstanding debt is at 6.7-9.0%/year.

The average short-term lending interest rate in VND for priority sectors is about 3.8%/year, lower than the maximum short-term lending interest rate prescribed by the State Bank of Vietnam (4%/year).

For USD interest rates, USD deposit interest rates of credit institutions are at 0%/year for deposits of individuals and organizations.

The average USD lending interest rate of domestic commercial banks for new and old outstanding loans is 4.1-4.9%/year for short term; 5.8-7.0%/year for medium and long term.

Proposal for young people to borrow to buy their first home with interest rate of 6-7%

Proposal for young people to borrow to buy their first home with interest rate of 6-7%

The Ho Chi Minh City Real Estate Association (HoREA) proposed that the State Bank consider building a mechanism for young people aged 18-45 to buy their first home and get credit loans with reasonable commercial interest rates, about 6-7%/year.
Banks pay tiered interest rates, where is the best place to deposit money?

Banks pay tiered interest rates, where is the best place to deposit money?

Some banks currently maintain a tiered interest rate policy; the larger the amount of money customers deposit, the higher the interest rate they will receive.
Gold price today 2/12/2025 dropped dramatically, SJC gold and rings were blown away by more than 1 million

Gold price today 2/12/2025 dropped dramatically, SJC gold and rings were blown away by more than 1 million

Today's gold price, February 12, 2025, domestic SJC gold bars and plain rings continued to fall freely, falling more than 1 million VND per tael, down to below 90 million VND. World gold prices plummeted after a sharp increase. Profit-taking selling pressure sank gold.