Techcombank has just increased deposit interest rates by 0.25%/year for terms of 1-2 months.

Accordingly, the online interest rate for 1-2 month term deposits for newly opened savings accounts under 1 billion VND is 3.05%/year.

Techcombank keeps the interest rates for the remaining terms at the same level. The 3-5 month term is 3.25%/year, the 6-11 month term is 4.25%/year, and the 12-36 month term has an interest rate of 4.95%/year.

Techcombank lists tiered interest rates for three different deposit levels: under VND1 billion; from VND1 billion to under VND3 billion; and from VND3 billion and above.

Therefore, the interest rate for 1-2 month term deposits for the remaining two deposit levels also increased by 0.2%/year.

Compared to the interest rate table for deposit accounts under 1 billion VND, the interest rate for deposit accounts from 1 billion VND to under 3 billion VND is 0.05-0.1%/year higher. The interest rate for deposit accounts from 3 billion VND or more is 0.1-0.15%/year higher.

Accordingly, the interest rates applied to newly opened savings accounts from 1 billion VND to less than 3 billion VND are as follows: Term 1-2 months 3.15%/year; 3-5 months 3.35%/year; 6-11 months 4.3%/year; and 12-36 months 5%/year.

Interest rates applied to newly opened savings accounts of VND 3 billion or more are as follows: 1-2 month term has interest rate of 3.25%/year; 3-5 months 3.45%/year; 6-11 months 4.35%/year; and 12-36 months are also the terms with the highest mobilization interest rate at Techcombank at 5.05%/year.

Vietnam Thuong Tin Commercial Joint Stock Bank (VietBank) increased interest rates for most deposit terms.

According to the online interest rate table, the 4-5 month term increased by 0.2%/year to 3.9-4%/year. The 7-10 month term increased by 0.3%/year to 5%/year; the 10 month term increased by 0.4%/year to 5.1%/year; the 11 month term increased by 0.3%/year to 5.1%/year.

The 12-month bank interest rate increased by 0.3%/year to 5.6%/year. This is also the 14-month online deposit interest rate after being adjusted to increase by 0.2%/year.

VietBank slightly increased by 0.1%/year for 15-month term to 5.7%/year.

VietBank maintains the old interest rates for the remaining terms. The 1-2-3 month term is 3.6 - 3.7 - 3.8%/year respectively; the 6-month term is still 4.9%/year; the 16-17 month term is 5.8%/year; and the 18-36 month term remains at 5.9%/year.

Except for VietBank and Techcombank, interest rates at other banks remain unchanged.

HIGHEST DEPOSITS INTEREST RATES AT BANKS ON AUGUST 12, 2024 (%/YEAR)
BANK 1 MONTH 3 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS 18 MONTHS
AGRIBANK 1.8 2.2 3.2 3.2 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 5.7
ACB 3 3.4 4.15 4.2 4.8
BAC A BANK 3.7 3.9 5.15 5.25 5.75 5.85
BAOVIETBANK 3.3 4 5.2 5.4 5.8 6
BVBANK 3.7 3.8 5.1 5.5 5.8 6
CBBANK 3.8 4 5.55 5.5 5.7 5.85
DONG A BANK 3.3 3.5 4.5 4.7 5.3 4.7
EXIMBANK 3.5 4.3 5.2 4.5 5.4 5.1
GPBANK 3 3.52 4.85 5.2 5.75 5.85
HDBANK 3.55 3.55 5.1 4.7 5.5 6.1
KIENLONGBANK 3.7 3.7 5.2 5.3 5.6 5.7
LPBANK 3.4 3.5 4.7 4.8 5.1 5.6
MB 3.3 3.7 4.4 4.4 5.1 5
MSB 3.7 3.7 4.6 4.6 5.4 5.4
NAM A BANK 3.1 3.8 4.6 5.1 5.4 5.7
NCB 3.7 4 5.35 5.55 5.7 6.1
OCB 3.7 3.9 4.9 5 5.2 5.4
OCEANBANK 3.4 3.8 4.8 4.9 5.5 6.1
PGBANK 3.2 3.7 5 5 5.5 5.8
PVCOMBANK 3.35 3.55 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 4.15 4.29 5 5.75
SHB 3.5 3.6 4.7 4.8 5.2 5.5
TECHCOMBANK 3.05 3.25 4.25 4.25 4.95 4.95
TPBANK 3.5 3.8 4.7 5.2 5.4
VIB 3.2 3.5 4.6 4.6 5.1
VIET A BANK 3.4 3.7 4.8 4.8 5.4 5.7
VIETBANK 3.6 3.8 4.9 5 5.6 5.9
VPBANK 3.6 3.8 5 5 5.5 5.5

Since the beginning of August, 12 banks have increased their deposit interest rates, including: Agribank, Eximbank, HDBank, Sacombank, Saigonbank, TPBank, CB, VIB, Dong A Bank, VPBank, Techcombank, and VietBank. Of which, Sacombank is the bank that has increased its interest rates twice during this period.

On the contrary, SeABank is the only bank that has reduced deposit interest rates since the beginning of the month.

Highest deposit interest rate 6.1%/year: Which bank is paying the highest interest? The market has just recorded another bank raising deposit interest rates to 6.1%/year, the highest level in the market at the moment.