After the meeting on February 25 between the State Bank of Vietnam and commercial banks on interest rates, 21 domestic commercial banks reduced their deposit interest rates by 0.1-0.9 percentage points depending on the term. Some banks have adjusted their interest rates down 2-3 times.

Up to now, the market has not recorded any bank increasing deposit interest rates.

On February 25, BVBank reduced the interest rate at the counter for terms from 6 to 60 months by 0.1-0.4%/year. For online mobilization, BVBank reduced the interest rate online for terms from 6 to 8 months by 0.1%/year; reduced the interest rate 9 to 12 months by 0.25%/year; reduced the interest rate 15 and 18 months by 0.35%/year and reduced the interest rate 24 months by 0.4%.

MSB reduces 0.2%/year for counter deposit interest rates for terms from 13-36 months; reduces 0.2%/year for terms from 1-5 months and 12-36 months for online deposit interest rates.

On February 26, VietBank reduced 0.2%/year in interest rates at the counter for terms of 1-4 and 12 months; reduced 0.3%/year in interest rates for terms of 5-9 months.

For online mobilization, VietBank reduced 0.1-0.4%/year savings interest rate for 4-5 month term, reduced 0.2%/year savings interest rate for 1 and 3 month term, and reduced 0.4%/year savings interest rate for 2 month term.

On February 27, Saigonbank reduced 0.2%/year interest rates for terms from 12-36 months for counter deposits, online deposits and payment deposits of individual customers.

From February 28 to March 6, VIB reduced 0.1%/year interest rate for 6-11 month term for counter deposits of customers with balance from 10 million VND to under 300 million VND; reduced 0.1%/year for 1-36 month term for customers with deposit balance from 300 million VND or more.

For online deposits, VIB reduces interest rates by 0.1-0.2% for deposit terms from 1-36 months.

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Most banks have reduced deposit interest rates in the past month. Photo: Hoang Ha.

On February 28, BaoVietBank reduced bank interest rates by 0.1%/year for 12 and 13-month terms, by 0.2%/year for 15-month terms, and by 0.3%/year for 18-36-month terms for counter deposits.

From February 26 to March 1, Kienlongbank reduced interest rates twice, by 0.2-0.9%/year for 1-60 month terms for online deposits; by 0.2-0.3%/year for 12-36 month terms for counter deposits.

On March 1, Bac A Bank reduced 0.1%/year for terms from 1-11 months and reduced 0.2%/year for terms from 12-36 months for counter deposits.

On March 3, VietA Bank reduced 0.1%/year deposit interest rates for terms from 12-36 months for online and counter deposits.

On March 3, LPBank reduced the interest rate for 1-60 month term deposits by 0.1%/year for Diamond, Gold, Ruby membership programs; and reduced the interest rate for online savings by 0.1%/year for terms from 18-60 months.

On March 3-12, PGBank reduced interest rates by 0.2%/year for 24-36 month terms and reduced interest rates by 0.1%/year for 9, 12, and 13 month terms.

On March 5, NCB reduced 0.1%/year interest rates for deposits with terms from 1-60 months both online and at the counter.

At the same time, SHB reduced interest rates by 0.1%/year for terms of 6-11 months, 13 and 15 months; reduced interest rates by 0.2%/year for terms of 12 and 18 months, reduced interest rates by 0.3%/year for terms of 24 and 36 months for deposits at the counter and online.

Also on March 5, Nam A Bank reduced online deposit interest rates by 0.3% per year for terms of 1 month, 3 months and 5 months; reduced interest rates by 0.4% per year for terms of 2 months and reduced interest rates by 0.1% per year for terms of 6-36 months. For deposits at the counter, the bank reduced interest rates by 0.1% per year for 1-month deposits and reduced interest rates by 0.2% per year for 2-5 month deposits.

On March 6, VCBNeo reduced 0.15%/year bank interest rates for terms of 6 months or more for all deposit products, savings deposits at the counter and online.

From February 25 to March 14, Eximbank repeatedly reduced interest rates for a number of programs, with a reduction of 0.6-0.8%/year for terms of 15-36 months; savings deposits decreased by 0.11-0.2%/year for terms of 12-24 months for regular customers and decreased by 0.1%/year for terms of 6-12 months for customers over 50 years old.

For online deposits, Eximbank reduces interest rates by 0.1%/year for 1-5 month term deposits and by 0.2-0.8%/year for online deposits with terms from 6-36 months.

On March 10, BIDV reduced 0.1%/year bank interest rates for terms under 6 months.

Techcombank reduced interest rates by 0.1-0.2%/year for many deposit products at the counter and online with terms from 1-36 months also on this day.

On March 12, MBV reduced 0.2%/year interest rates for terms of 1-3 and 18-36 months for online deposits and counter deposits.

On the same day, Vikki Bank reduced interest rates by 0.1-0.5%/year for terms from 1 to 15 months for online deposits and counter deposits.

On March 14, ABBank reduced 0.1%/year interest rate for 2-60 month term deposits for online and counter deposits.

In March alone, 17 domestic and foreign banks in Vietnam reduced deposit interest rates from the beginning of the month, including: PGBank, Viet A Bank, Kienlongbank, Bac A Bank, Eximbank, IVB, LPBank, Nam A Bank, NCB, SHB, VCBNeo, Hong Leong Vietnam, VIB, Vikki Bank, MBV, VRB, ABBank.

Of which, Eximbank has reduced interest rates three times; Kienlongbank and PGBank have reduced interest rates twice since the beginning of the month.

Highest interest rates at banks on March 18, 2025 (%/year)
Bank 1 month 3 months 6 months 9 months 12 months 18 months
AGRIBANK 2.4 3 3.7 3.7 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 1.6 2.9 2.9 4.6 4.6
ABBANK 3.2 3.9 5.4 5.5 5.7 5.5
ACB 3.1 3.5 4.2 4.3 4.9
BAC A BANK 3.5 3.8 4.95 5.05 5.4 5.8
BAOVIETBANK 3.5 4.35 5.45 5.5 5.8 6
BVBANK 3.95 4.15 5.35 5.5 5.8 6
EXIMBANK 4 4.3 5.2 5.2 5.4 5.6
GPBANK 3.5 4.02 5.35 5.7 6.05 6.15
HDBANK 3.85 3.95 5.3 4.7 5.6 6.1
KIENLONGBANK 3.9 3.9 5.3 5.4 5.7 5.5
LPBANK 3.6 3.9 5.1 5.1 5.5 5.7
MB 3.7 4 4.6 4.6 5.1 5.1
MBV 4.1 4.4 5.5 5.6 5.8 5.9
MSB 3.9 3.9 5 5 5.6 5.6
NAM A BANK 4 4.2 4.9 5.2 5.6 5.6
NCB 4 4.2 5.35 5.45 5.6 5.6
OCB 4 4.2 5.2 5.2 5.3 5.5
PGBANK 3.4 3.8 5 4.9 5.4 5.8
PVCOMBANK 3.3 3.6 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 5.6 5.8
SCB 1.6 1.9 2.9 2.9 3.7 3.9
SEABANK 2.95 3.45 3.95 4.15 4.7 5.45
SHB 3.5 3.8 4.9 5 5.3 5.5
TECHCOMBANK 3.25 3.55 3.55 4.55 4.75 4.75
TPBANK 3.5 3.8 4.8 4.9 5.2 5.5
VCBNEO 4.15 4.35 5.7 5.65 5.85 5.85
VIB 3.7 3.8 4.7 4.7 4.9 5.2
VIET A BANK 3.7 4 5.2 5.4 5.7 5.9
VIETBANK 4.1 4.4 5.4 5.4 5.8 5.9
VIKKI BANK 3.9 4.15 5.3 5.45 5.65 5.9
VPBANK 3.8 4 5 5 5.5 5.5
Should you save for 6 months or 1 year to get the best interest rate? Saving for 6 months or 1 year depends on each customer's savings purpose. Saving for 6 months has the advantage of time to complete the payment, while saving for 12 months is highly appreciated for its interest rate.

Source: https://archive.vietnam.vn/lai-suat-ngan-hang-hom-nay-18-3-2025-21-nha-bang-dieu-chinh-sau-chi-dao-nong/