SeABank became the next bank to reduce deposit interest rates from today, January 18. This bank adjusted interest rates down for all terms, with a reduction of 0.2-0.25 percentage points for term deposits from 1-12 months, and a reduction of 0.1 percentage point for term deposits from 15-36 months.

According to the latest online deposit interest rate table at SeABank, the deposit interest rate for 1-2 month term is 3.4%/year, and for 3-5 month term is 3.6%/year.

The interest rate for 6-month term deposits at SeABank is 4.15%/year, 7-month term deposits is 4.2%/year, 8-month term deposits is 4.25%/year, 9-month term deposits is 4.3%/year, 10-month term deposits is 4.35%/year, 11-month term deposits is 4.4%/year and the new interest rate for 12-month term deposits is 4.75%/year.

The highest interest rate at SeABank is currently 5%/year, applied to term deposits from 15-36 months, down 0.1 percentage points compared to before.

SeABank is also the only bank to adjust deposit interest rates today, and is the 24th bank to reduce interest rates since the beginning of the month.

Yesterday, 5 banks reduced their deposit interest rates, notably 3 large banks that play a role in shaping the interest rate level: Agribank, VietinBank and BIDV.

Previously, Vietcombank was the first bank in the Big4 group to reduce deposit interest rates, continuing to be the bank maintaining the lowest deposit interest rates today.

Comparing interest rates at the Big 4 commercial banks, the lowest mobilization interest rate belongs to Vietcombank with only 1.7%/year for 1-2 month term deposits, 2%/year for 3-5 month term deposits, 3%/year for 6-9 month term deposits and 4.7%/year for 12-24 month term deposits.

Interest rates at Agribank are slightly higher as this bank is listing 1.8%/year for a 1-2 month term, and 2.1%/year for a 3-5 month term.

However, for a term of 6-9 months, the interest rate at Agribank is 3.4%/year, which is slightly higher than that of VietinBank (3.2%/year) and BIDV (3.3%).

VietinBank listed interest rates for 1-2 month terms at only 1.9%/year and for 3-5 month terms at 2.2%/year.

Meanwhile, BIDV listed the bank interest rate for 1-2 month term at 2%/year, and for 3-5 month term at 3.3%/year.

All three banks BIDV, Agribank and VietinBank listed the interest rate for 12-18 month term deposits at 5%/year and 24-36 month term deposits at 5.3%/year.

From the beginning of January 2024 to now, 24 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, Agribank, BIDV, VietinBank, SeABank.

Of which, OCB, KienLongBank, NCB, Viet A Bank, GPBank, SHB, VIB 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.

HIGHEST DEPOSITS INTEREST RATES ON JANUARY 18
BANK 1 MONTH 3 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS 18 MONTHS
VIETCOMBANK 1.7 2 3 3 4.7 4.7
SCB 1.75 2.05 3.05 3.05 4.75 4.75
VIETINBANK 1.9 2.2 3.2 3.2 5 5
BIDV 2 2.3 3.3 3.3 5 5
AGRIBANK 1.8 2.1 3.4 3.4 5 5
TECHCOMBANK 2.75 3.15 3.75 3.8 4.75 4.75
ACB 2.9 3.2 3.9 4.2 4.8
MB 2.7 3 4.1 4.3 4.9 5.4
SEABANK 3.4 3.6 4.15 4.3 4.75 5
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
LPBANK 2.8 3.1 4.3 4.4 5.3 5.7
VPBANK 3.3 3.4 4.4 4.4 5.1 5.2
VIB 3.2 3.4 4.5 4.5 5.2
OCB 3 3.2 4.6 4.7 4.9 5.4
EXIMBANK 3.4 3.7 4.6 5 5.1 5.5
SACOMBANK 3.6 3.8 4.7 4.95 5 5.1
GPBANK 2.9 3.42 4.75 4.9 4.95 5.05
OCEANBANK 3.7 3.9 4.8 5 5.5 5.7
SHB 3.4 3.7 4.9 5 5.3 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
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
BVBANK 3.8 3.9 5.05 5.2 5.5 5.55
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
NCB 4.05 4.25 5.25 5.35 5.6 6
HDBANK 3.45 3.45 5.3 5 5.5 6.3