According to VietNamNet 's records at banks this morning, HDBank has just become the next bank to reduce deposit interest rates with a reduction of 0.2 percentage points in interest rates for terms from 1 to 36 months.
According to the online deposit interest rate table posted by HDBank on the morning of January 16, interest rates for all terms after the reduction are as follows:
1-5 month term has interest rate of 3.45%/year, 6 month term has interest rate of 5.3%/year, 7-11 month term has interest rate of 5%/year, 12 month term has interest rate of 5.5%/year, 13 month term has interest rate of 5.7%/year.
However, HDBank continues to be among the few banks maintaining interest rates above 6%/year for long terms.
Specifically, the 15-month deposit interest rate after the reduction is 6.2%/year. In particular, the 18-month term, although reduced to 6.3%/year, is still the highest mobilization interest rate in the market.
The remaining terms are 24-36 months with HDBank paying interest at 6.1%/year.
HDBank is also the bank that has paid the highest deposit interest rate in the past month. The last time this bank reduced deposit interest rates was on December 1, 2023.
This morning, NCB continued to adjust the interest rate down for some major terms. This is the second time since the beginning of the month that NCB has adjusted the interest rate down.
According to the online interest rate schedule recently adjusted by NCB, interest rates for 6-8 month terms decreased by 0.1 percentage point to 5.25%/year.
Interest rates for deposits with terms from 9 to 11 months were also reduced by NCB to 5.35%/year.
Interest rates for 12-month, 13-month and 15-month terms also decreased by 0.1 percentage points, to 5.6% - 5.7% - and 5.9%/year, respectively.
NCB keeps interest rates for terms of 18 to 60 months at 6%/year, 1-month term at 4.05%/year, 2-month term at 4.21%/year, and 3-5 month term at 4.25%/year.
Also joining the race to reduce interest rates today are VietBank, VietA Bank, GPBank. Of which, VietA Bank has become one of the four banks that have reduced interest rates twice since the beginning of the month.
Accordingly, Viet A Bank reduced online deposit interest rates by 0.3% for terms from 1-5 months to 3.9%/year.
Viet A Bank has adjusted the interest rate for deposits with terms from 6 to 11 months down by 0.1 percentage points to 5.1%/year. With a similar reduction, the interest rate for 12-month terms has dropped to 5.4%/year.
Viet A Bank has adjusted the interest rates for the remaining terms down by 0.2 percentage points. Specifically, the interest rate for the 13-month term is 5.4%/year, the 15-month term is 5.7%/year, the 18-month term is 5.8%/year, and the 24-36-month term is 5.9%/year.
Thus, the mobilization interest rate at Viet A Bank has officially left the 6%/year mark for long terms.
At VietBank , online deposit interest rates for terms of 1 to 5 months have all decreased by 0.1 percentage points. The 1-month term is now 3.7%/year, the 2-month term is 3.8%/year, the 3-month term is 3.9%/year, the 4-month term is 4%/year, and the 5-month term is 4.1%/year.
VietBank reduced deposit interest rates by 0.2 percentage points for remaining terms, thereby officially no longer maintaining interest rates above 6%/year for long terms.
Specifically, the interest rate for 6-8 month term deposits is currently 5.1%/year, 9-11 month term is 5.2%/year, 12 month term is 5.5%/year, 14 month term is 5.7%/year and 18 to 36 month term is 5.9%/year.
GPBank also reduced interest rates for the second time since the beginning of the month with a fairly large reduction.
According to the online interest rate table just announced by this bank, the interest rate for 1-5 month term has decreased sharply by 0.5 percentage points. Currently, the interest rate for 1 month term is only 2.9%/year, 2 month term is 3.4%/year, 3 month term is 3.42%/year, 4 month term is 3.44%/year, and 5 month term is 3.45%/year.
GPBank has reduced the interest rates for the remaining terms by 0.4 percentage points. Specifically, the 6-month interest rate is now 4.75%/year, the 7-8 month term is now 4.85%/year, the 9-month term is now 4.9%/year, the 12-month term is only 4.95%/year, and the terms from 13 to 36 months are now 5.05%/year.
The strange thing is that all 5 banks mentioned above are in the Top 5 banks maintaining the highest deposit interest rates in the market for over a month.
This position is almost unchanged after all 5 banks adjusted interest rates.
HDBank, NCB, VietBank, and Viet A Bank are still the banks leading the market in terms of deposit interest rates.
Not stopping there, today the market continues to witness the banking giant Techcombank also reduce deposit interest rates for many terms.
For online savings accounts under 1 billion VND, Tecombank reduced the interest rate for 1-2 month terms by 0.2 percentage points to 2.75%/year, while the interest rate for 3-5 month terms remained at 3.15%/year.
Techcombank also reduced interest rates for 6-8 month deposits by 0.3 percentage points to 3.75%/year. With a similar reduction, interest rates for 9-11 month deposits decreased to 3.8%/year.
Meanwhile, interest rates for terms from 12-36 months remain at 4.75%/year.
Techcombank adds 0.05 percentage points to interest rates for 6-36 month terms for newly opened savings accounts from 1 billion VND to under 3 billion VND, and from 3 billion VND or more.
Thus, today alone, 6 more banks have reduced deposit interest rates, including Techcombank, HDBank, VietBank, Viet A Bank, GPBank, and NCB.
| HIGHEST DEPOSITS INTEREST RATE TABLE ON JANUARY 16, 2024 | ||||||
| BANK | 1 MONTH | 3 MONTHS | 6 MONTHS | 9 MONTHS | 12 MONTHS | 18 MONTHS |
| HDBANK | 3.45 | 3.45 | 5.3 | 5 | 5.5 | 6.3 |
| NCB | 4.05 | 4.25 | 5.25 | 5.35 | 5.6 | 6 |
| VIETBANK | 3.7 | 3.9 | 5.1 | 5.2 | 5.5 | 5.9 |
| VIET A BANK | 3.9 | 3.9 | 5.1 | 5.1 | 5.4 | 5.8 |
| BAC A BANK | 3.7 | 3.9 | 5.1 | 5.2 | 5.4 | 5.8 |
| BAOVIETBANK | 3.8 | 4.15 | 5.1 | 5.2 | 5.6 | 5.8 |
| CBBANK | 4.2 | 4.3 | 5.1 | 5.2 | 5.4 | 5.5 |
| BVBANK | 3.8 | 3.9 | 5.05 | 5.2 | 5.5 | 5.55 |
| PVCOMBANK | 3.05 | 3.05 | 5 | 5 | 5.1 | 5.4 |
| KIENLONGBANK | 3.95 | 3.95 | 5 | 5.2 | 5.3 | 5.8 |
| ABBANK | 3.15 | 3.35 | 5 | 4.4 | 4.4 | 4.4 |
| SHB | 3.5 | 3.8 | 5 | 5.2 | 5.4 | 5.8 |
| DONG A BANK | 3.9 | 3.9 | 4.9 | 5.1 | 5.4 | 5.6 |
| NAMA BANK | 3.3 | 4 | 4.9 | 5.2 | 5.7 | 6.1 |
| PGBANK | 3.1 | 3.5 | 4.9 | 5.3 | 5.8 | 6.1 |
| OCEANBANK | 3.7 | 3.9 | 4.8 | 5 | 5.5 | 5.7 |
| GPBANK | 2.9 | 3.42 | 4.75 | 4.9 | 4.95 | 5.05 |
| SACOMBANK | 3.6 | 3.8 | 4.7 | 4.95 | 5 | 5.1 |
| OCB | 3 | 3.2 | 4.6 | 4.7 | 4.9 | 5.4 |
| VIB | 3.2 | 3.4 | 4.6 | 4.6 | 5.1 | |
| EXIMBANK | 3.4 | 3.7 | 4.6 | 5 | 5.1 | 5.5 |
| SEABANK | 3.6 | 3.8 | 4.4 | 4.55 | 5 | 5.1 |
| VPBANK | 3.3 | 3.4 | 4.4 | 4.4 | 5.1 | 5.2 |
| LPBANK | 2.8 | 3.1 | 4.3 | 4.4 | 5.3 | 5.7 |
| TPBANK | 3 | 3.2 | 4.2 | 4.9 | 5.1 | |
| SAIGONBANK | 2.8 | 3 | 4.2 | 4.4 | 5.1 | 5.5 |
| MSB | 3.5 | 3.5 | 4.2 | 4.2 | 4.9 | 4.9 |
| MB | 2.7 | 3 | 4.1 | 4.3 | 4.9 | 5.4 |
| ACB | 2.9 | 3.2 | 3.9 | 4.2 | 4.8 | |
| TECHCOMBANK | 2.75 | 3.15 | 3.75 | 3.8 | 4.75 | 4.75 |
| BIDV | 2.3 | 2.6 | 3.6 | 3.6 | 5 | 5 |
| AGRIBANK | 2 | 2.5 | 3.6 | 3.6 | 5 | 5 |
| VIETINBANK | 2.2 | 2.5 | 3.5 | 3.5 | 5 | 5 |
| SCB | 1.75 | 2.05 | 3.05 | 3.05 | 4.75 | 4.75 |
| VIETCOMBANK | 1.7 | 2 | 3 | 3 | 4.7 | 4.7 |
Since the beginning of January 2024, 20 banks have reduced deposit interest rates, including: BaoViet Bank, GPBank, Eximbank, SHB, Bac A Bank, KienLong Bank, LPBank, OCB, VIB, TPBank, ABBank, NCB, Viet A Bank, Vietcombank, PVCombank, SCB, HDBank, VietBank, Techcombank.
Of which, OCB, KienLongBank, NCB, Viet A Bank, GPBank have reduced interest rates for the second time since the beginning of January.
On the contrary, ACB, ABBank and VPBank are banks that have increased deposit interest rates since the beginning of the month.
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