Asia Commercial Joint Stock Bank (ACB) has just increased its deposit interest rates after more than two months, with an increase of 0.05%/year for 6-month deposit interest rates and 0.1%/year for all remaining terms.

According to the online interest rate schedule for customers depositing less than 200 million VND, announced by ACB on the morning of September 18, the bank interest rate for 1-month term increased to 3.1%/year, 2-month term 3.2%/year, 3-month term has a new interest rate of 3.5%/year.

With an increase of only 0.05%/year, the 6-month deposit interest rate increased the least in this adjustment period, reaching 4.2%/year. Meanwhile, the new interest rate for the 9-month term increased to 4.3%/year and the bank interest rate for the 12-month term was 4.9%/year.

However, the interest rate for 6-12 month deposits at ACB is still very low compared to the general interest rate on the market for the same term, only higher than the interest rate at SCB, SeABank and 4 state-owned commercial banks.

ACB classifies interest rates according to the ladder interest rate method with 4 levels: Under 200 million VND; from 200 million VND to under 1 billion VND; from 1 billion VND to under 5 billion VND and from 5 billion VND or more.

Compared to the interest rate table for deposits under 200 million VND, the interest rates for the remaining deposits are respectively increased by 0.1%/year, 0.05%/year and 0.2%/year.

With the above interest rate calculation, the highest online mobilization interest rate at ACB is for customers depositing from 5 billion VND. With this deposit amount, the interest rate for 1-month term is 3.3%/year, 2-month term is 3.4%/year, 3-month term is 3.7%/year, 6-month term is 4.4%/year, 9-month term is 4.5%/year and the highest 12-month term is only 5.1%/year.

ACB is the only bank to adjust savings interest rates today, and also becomes the 10th bank to increase interest rates since the beginning of September, along with Dong A Bank, OceanBank, VietBank, GPBank, Agribank, Bac A Bank, NCB, OCB and BVBank.

On the contrary, ABBank is the first bank to reduce deposit interest rates this month, with a reduction of 0.1-0.4%/year for terms of 1-12 months.

HIGHEST DEPOSIT INTEREST RATES AT BANKS ON SEPTEMBER 18, 2024 (%/YEAR)
BANK 1 MONTH 3 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS 18 MONTHS
AGRIBANK 2 2.5 3.3 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 3.7 5 5.2 5.6 5.7
ACB 3.1 3.5 4.2 4.3 4.9
BAC A BANK 3.65 3.95 5.15 5.25 5.7 5.85
BAOVIETBANK 3.3 4 5.2 5.4 5.8 6
BVBANK 3.8 4 5.2 5.5 5.8 6
CBBANK 3.8 4 5.55 5.5 5.8 5.85
DONG A BANK 3.8 4 5.2 5.5 5.8 6
EXIMBANK 3.8 4.3 5.2 4.5 5.2 5.1
GPBANK 3.2 3.72 5.05 5.4 5.75 5.85
HDBANK 3.85 3.95 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 3.5 4.1 5 5.2 5.6 5.7
NCB 3.8 4.1 5.45 5.65 5.8 6.15
OCB 3.9 4.1 5.1 5.1 5.2 5.4
OCEANBANK 3.8 4.2 5 5.1 5.6 6.1
PGBANK 3.2 3.7 5 5 5.5 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 5.8 6
SCB 1.6 1.9 2.9 2.9 3.7 3.9
SEABANK 2.95 3.45 3.75 3.95 4.5 5.45
SHB 3.5 3.8 5 5.1 5.5 5.8
TECHCOMBANK 3.25 3.45 4.55 4.55 4.95 4.95
TPBANK 3.5 3.8 4.7 5.2 5.4
VIB 3.2 3.6 4.6 4.6 5.1
VIET A BANK 3.4 3.7 4.8 4.8 5.4 5.7
VIETBANK 3.8 4 5.2 5 5.6 5.9
VPBANK 3.6 3.8 5 5 5.5 5.5