Vietnam Prosperity Joint Stock Commercial Bank (VPBank) has just increased its deposit interest rates, becoming the 11th bank to adjust interest rates since the beginning of the month.

Accordingly, VPBank increased by 0.1%/year for terms from 2 to 18 months, while interest rates for 1-month, 24-month and 36-month terms remained unchanged.

For deposits under 10 billion VND, the 1-month term is 3.1%, 2-5 months 3.6%/year, 6-11 months 4.8%/year, 12-18 months 5.3%/year, and 24-36 months has the highest mobilization interest rate of 5.6%/year.

Interest rates for 1-11 month terms are increased by 0.1%/year and 0.2%/year by VPBank for deposits from 10 billion VND to less than 50 billion VND and deposits from 50 billion VND or more.

The bank adds 0.1%/year to the interest rate for deposits with terms from 12-36 months for deposit accounts from 10 billion VND or more.

With this policy, the interest rate for customers depositing from 50 billion VND, with a term of 6-11 months has reached 5%/year. The interest rate for deposit accounts from 10 billion VND or more, with a term of 12-18 months is 5.4%/year, and for a term of 24-36 months is 5.7%/year, the highest rate according to the published interest rate schedule.

In addition, customers who prioritize deposits with a minimum balance of VND 100 million and a minimum term of 1 month will receive an additional 0.1%/year interest rate. Thus, the highest interest rate when depositing money at VPBank can be up to 5.8%/year.

VPBank is also the only bank to adjust interest rates today. Previously, VietBank was the only bank to adjust interest rates yesterday (July 16) with an increase of 0.2%/year for 1-3 month term deposits.

Since the beginning of July, 11 commercial banks have increased their deposit interest rates. The banks that have increased interest rates include: NCB, Eximbank, SeABank, VIB, BaoViet Bank, Saigonbank, VietBank, MB, BVBank, KienLong Bank, and VPBank. Of which, VietBank is the first bank to increase interest rates for the second time since the beginning of the month.

HIGHEST DEPOSITS INTEREST RATES AT BANKS ON JULY 17, 2024 (%/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 4 5.6 5.8 6 5.7
ACB 2.8 3.1 3.9 4 4.7
BAC A BANK 3.5 3.7 4.9 5 5.5 5.6
BAOVIETBANK 3.1 3.9 5.1 5.2 5.6 5.9
BVBANK 3.7 3.8 5.1 5.5 5.8 6
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 3.5 4.3 5.2 4.5 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 3.7 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 3.5 4.5 4.5 5.3 5.8
PVCOMBANK 3.15 3.15 4.3 4.3 4.8 5.5
SACOMBANK 2.7 3.2 4 4.1 4.9 5.1
SAIGONBANK 2.5 2.8 4.1 4.4 5.3 5.6
SCB 1.6 1.9 2.9 2.9 3.7 3.9
SEABANK 3.2 3.7 4.2 4.4 4.95 5.7
SHB 3.3 3.4 4.7 4.8 5.2 5.5
TECHCOMBANK 2.85 3.25 4.25 4.25 4.95 4.95
TPBANK 3.3 3.6 4.5 5.2 5.4
VIB 3.1 3.3 4.3 4.4 4.9
VIET A BANK 3.4 3.7 4.8 4.8 5.4 5.7
VIETBANK 3.6 3.8 4.9 4.7 5.3 5.9
VPBANK 3.1 3.6 4.8 4.8 5.3 5.3