The highest online deposit interest rate is currently 6.1%/year, listed at SHB (term of 36 months or more), Saigonbank (term of 36 months). The remaining two banks, NCB and OceanBank, both list interest rates of 6.1%/year for deposits with terms of 18-36 months.

Some banks are also listing online deposit interest rates of up to 6%/year, including: ABBank (12-month term), BaoViet Bank and BVBank (18-36 month term), Saigonbank (18-24 month term) and OCB (36 month term).

Notably, some banks are maintaining a “special interest rate” policy for customers who deposit large amounts of money at the counter. The “special interest rate” has been kept unchanged by most banks for many months now, except for MSB, which has reduced it from 8.5%/year to 7%/year after two months.

The condition that MSB gives to customers who deposit money to receive interest rates of up to 7%/year is that the deposit amount is from 500 billion VND and the deposit term is from 12-13 months.

This interest rate is 2.9%/year higher than the regular deposit interest rate announced by MSB.

However, MSB also applies a "special interest rate" policy for ordinary customers, allowing depositors to receive real interest rates 0.3-0.5% higher per year than the online deposit interest rate announced by the bank.

Specifically, MSB listed the online term deposit product "Special Interest Rate" at 5.1%/year for a 6-month term, and 5.7%/year for 12-month, 15-month and 24-month terms.

The conditions for a customer to receive these interest rates are very simple: the maximum deposit amount is only 5 billion VND, applicable to customers who do not have a savings book at MSB at the time of opening the book. Each customer at a time can only open 1 book under this "Special Interest Rate" product.

However, the highest “special interest rate” currently listed at 9.5%/year, announced by PVCombank for 12- and 13-month term deposits, is 4.5%-4.7%/year higher than the counter interest rate listed by this bank for regular deposits.

However, the condition for customers to enjoy the 9.5%/year interest rate is to open a new savings account with a deposit balance of 2,000 billion VND or more.

HDBank is also one of the banks applying the product “Special Interest Rate”. This bank listed the interest rate for 13-month term deposits at up to 8.1%/year, the interest rate for 12-month term deposits at 7.7%/year. These interest rates are 2.3%-2.5%/year higher than the interest rate at the counter applied by HDBank to regular customers.

However, the condition to receive interest rates of up to 7.7% and 8.1%/year as set by HDBank is that customers deposit savings of 500 billion VND or more and receive interest at the end of the term.

Dong A Bank is also one of the banks that pays a "special interest rate" of up to 7.5%/year for 13-month term deposits, 2.2%/year higher than the normal deposit interest rate listed by this bank.

Compared to other banks, Dong A Bank's conditions for applying "special interest rates" are also more lenient, depositors only need to have a deposit balance of 200 billion VND or more.

The deposit limit of 200 billion VND is also a condition for ACB Bank to allow customers to enjoy a "special interest rate" when depositing savings at the counter for a term of 13 months. However, this interest rate is still lower than the normal interest rate at many other banks.

Customers who deposit VND200 billion or more with a term of 13 months and receive interest at the end of the term will receive interest at 5.9%/year from ACB and 5.7%/year if they choose to receive interest at the beginning of the term. The "special interest rate" announced by ACB, although lower than the normal interest rates of many other banks, is 1.4%/year higher than the interest rate for savings at the counter for the same term listed by ACB.

In addition to the above banks, ABBank implicitly announces "special interest rates" on the counter deposit interest rate table.

This bank listed an interest rate of 5.5%/year for 13-month term deposits at the counter. Although it no longer publicly announced the “special interest rate”, ABBank reminded customers that the interest rate of 5.5%/year for 13-month term deposits only applies to savings deposits “with a value of less than VND 1,500 billion”.

Previously, in early April 2024, ABBank announced an interest rate of 9.65%/year for depositors with a term of 13 months or more. However, very quickly after that, ABBank removed information about this interest rate.

In addition to the "special interest rate" which rarely fluctuates, the interest rates mobilized at the counter and online are usually updated regularly by banks.

From the beginning of August until now, only half a month but 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.

On the contrary, Bac A Bank and SeABank unexpectedly reduced deposit interest rates during this time.

INTEREST RATES FOR ONLINE DEPOSITS AT BANKS ON AUGUST 15, 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 3.5 3.8 5 5.1 5.6 5.75
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