After increasing the interest rate for deposits with terms from 1-60 months by 0.1% per year on June 6, the Military Commercial Joint Stock Bank ( MB ) has continued to increase the interest rate for all terms by 0.1% per year from today (June 13).

With this increase, the latest online deposit interest rate table at MB is as follows: 1-month term 3.1%/year, 2-month term 3.2%/year, 3-4-month term 3.4%/year, 5-month term 3.5%/year.

MB's 6-8 month term deposit interest rate is 4.2%/year, 9-11 month term deposit is 4.3%/year. Meanwhile, 12 month term deposit has a higher interest rate than term deposit under 18 months, up to 5%/year.

Interest rates on deposits with terms of 13-18 months are lower than those for terms of 12 months, currently listed at 4.9%/year.

However, the interest rate for 36-60 month terms at MB is much higher than the rest, currently listed at 5.8%/year.

Also today, VietA Bank increased by 0.1-0.2%/year deposit interest rates for terms from 1-36 months.

Accordingly, online deposit interest rates for 1-5 month terms at VietA Bank increased by 0.2%/year. Specifically, the latest 1-month savings interest rate is 3.2%/year, 2-month term is 3.2%/year, 3-month term is 3.5%/year and 4-5 month term is 3.6%/year.

VietA Bank has adjusted the interest rate for 6-month term to increase slightly by 0.1%/year, to 4.6%/year. The interest rate for 9-11 month terms has also increased similarly to this level .

Deposit terms of 7-8 months were adjusted to increase by 0.2%/year, up to 4.7%/year.

Similarly, the interest rate for deposits with terms of 12 months or more increased by 0.2% per year. Currently, the interest rate for 12-13 months is 5.2% per year, the interest rate for 15 months is 5.3% per year, and the interest rate for 18 months is 5.5% per year.

The highest interest rate at VietA Bank is still for 24-36 month terms, up to 5.6%/year after being adjusted up this morning.

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More banks increase deposit interest rates. Photo: Nam Khanh

Also on the morning of June 13, Vietnam Thuong Tin Commercial Joint Stock Bank ( VietBank ) slightly adjusted interest rates for some terms from 1 to 3 months with an increase of 0.1%/year.

Currently, online deposit interest rates at VietBank are as follows: 1-month term 3.1%/year, 2-month term 3.2%/year, 3-month term 3.3%/year, 4-month term 3.4%/year and 5-month term 3.5%/year.

Bank interest rates for 6-10 month terms at VietBank are 4.6%/year, 11 month term is 4.7%/year.

The differentiation in deposit interest rates is clearly shown from the 12-month deposit term with an interest rate of 5.2%/year. Next are the 14-month terms with an interest rate of 5.3%/year, the 15-month term with an interest rate of 5.5%/year, and the 16-17-month term with an interest rate of 5.7%/year.

The highest interest rate at VietBank is for terms of 18-36 months, up to 5.8%/year.

With a series of banks adjusting interest rates, since the beginning of June, 18 commercial banks have increased their deposit interest rates, including: VietinBank, TPBank, VIB, GPBank, BaoViet Bank, LPBank, Nam A Bank, OceanBank, ABBank, Bac A Bank, MSB, MB, Eximbank, OCB, BVBank, NCB, VietBank and VietA Bank.

Of which, GPBank, VIB, and MB have increased deposit interest rates twice since the beginning of June.

On the other hand, Eximbank increased the interest rate for 1-9 month terms but reduced it by 0.1% per year for 15-36 month terms. TPBank, after increasing the interest rate at the beginning of the month, also adjusted it down to bring the interest rate back to the old level.

HIGHEST INTEREST RATES AT BANKS ON JUNE 13 (%/YEAR)
BANK 1 MONTH 3 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS 18 MONTHS
AGRIBANK 1.6 1.9 3 3 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 3.6 4.8 4.4 5.6 5.7
ACB 2.5 2.9 3.5 3.8 4.5 4.6
BAC A BANK 3.5 3.7 4.9 5 5.5 5.6
BAOVIETBANK 3 3.55 4.7 4.8 5.1 5.7
BVBANK 3.4 3.5 4.9 5.05 5.6 5.8
CBBANK 3.4 3.6 5.15 5.1 5.3 5.55
DONG A BANK 2.8 3 4 4.2 4.5 4.7
EXIMBANK 3.3 3.6 4.3 4.3 5 5.1
GPBANK 3 3.52 4.85 5.2 5.75 5.85
HDBANK 3.25 3.25 4.9 4.7 5.5 6.1
KIENLONGBANK 3 3 4.7 5 5.2 5.5
LPBANK 3.2 3.3 4.4 4.5 5.1 5.6
MB 3.1 3.4 4.2 4.3 5 4.9
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 3.5 3.8 5.05 5.25 5.6 6.1
OCB 3.5 3.7 4.6 4.7 4.9 5.4
OCEANBANK 3.4 3.8 4.4 4.6 5.4 5.9
PGBANK 2.9 3.2 4.2 4.2 5 5.2
PVCOMBANK 3.15 3.15 4.3 4.3 4.8 5.3
SACOMBANK 2.7 3.2 4 4.1 4.9 5.1
SAIGONBANK 2.3 2.5 3.8 4.1 5 5.6
SCB 1.6 1.9 2.9 2.9 3.7 3.9
SEABANK 2.7 2.9 3.6 3.8 4.45 5
SHB 3.1 3.2 4.5 4.6 5 5.3
TECHCOMBANK 2.75 3.05 3.95 3.95 4.65 4.65
TPBANK 3 3.3 4.2 4.9 5.3
VIB 3 3.3 4.4 4.5 5.1
VIET A BANK 3.2 3.5 4.6 4.6 5.2 5.5
VIETBANK 3.1 3.3 4.6 4.6 5.2 5.8
VPBANK 2.9 3.2 4.4 4.4 5 5