The Military Commercial Joint Stock Bank (MB) has just increased deposit interest rates by 0.1-0.4% for terms from 1-15 months. This is the first time in nearly 3 months that MB has adjusted deposit interest rates, but it is the first time it has adjusted in an upward direction in more than 1 year.

Accordingly, MB increased by 0.4% for 1-3 month term, increased by 0.3% for 4-12 month term, and increased by 0.1% for 13-15 month term.

According to the online interest rate table for deposits under 500 million VND, the 1-month term is 2.6%/year, 2 months 2.8%/year, 3-4 months 3%/year, 5 months 3.1%/year.

Online deposit interest rates for 6-8 month terms increased to 3.9%/year, 9-10 month terms are 4%/year, 11 month terms are 4.1%/year, 12 month terms are 4.9%/year, and 13-18 month terms are 4.7%/year.

The highest interest rate at MB is currently 5.7%/year, applied to deposits with terms of 24-60 months. This interest rate is much higher than the remaining terms and remains unchanged from before.

MB's mobilization interest rates are added by 0.1% and 0.15% respectively for savings deposits from 500 million VND to less than 1 billion, and from 1 billion VND or more.

Thus, the highest interest rate at MB is currently 5.85%/year if customers deposit from 1 billion VND or more, with a term of 24-60 months.

Also this morning, Vietnam International Commercial Joint Stock Bank (VIB) continued to increase deposit interest rates for the third time since the beginning of the month.

Accordingly, the online deposit interest rate for a 1-month term increased by 0.3% to 2.8%/year. The online deposit interest rate for a 3-5 month term was adjusted up by 0.1% to 3.1%/year.

VIB keeps the interest rates unchanged for the remaining terms. The bank interest rate for 2-month terms is 2.8%/year, 6-11 months is 4.1%/year, 15-18 months is 4.9%/year, and 24-36 months has the highest interest rate of 5.1%/year.

Previously, VIB increased interest rates on May 4 by 0.1% for deposits with terms of 2-5 months and 15-18 months. Then, on May 8, the bank increased interest rates by 0.2% for terms of 2-11 months.

Interest rates at other banks remain unchanged today.

HIGHEST DEPOSITS INTEREST RATES ON MAY 21 AT BANKS (%/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 1.8 2.1 3.1 3.1 4.7 4.7
VIETCOMBANK 1.6 1.9 2.9 2.9 4.6 4.6
ABBANK 2.9 3 4.6 4.1 4.1 4.1
ACB 2.5 2.9 3.5 3.8 4.5 4.6
BAC A BANK 2.95 3.15 4.5 4.6 5.1 5.5
BAOVIETBANK 3 3.25 4.3 4.4 4.7 5.5
BVBANK 3 3.2 4.25 4.55 4.85 5.25
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 3.3 4.1 4.1 4.9 5.1
GPBANK 2.5 3.02 4.35 4.6 5.15 5.25
HDBANK 3.25 3.25 4.9 4.7 5.3 6.2
KIENLONGBANK 3 3 4.7 5 5.2 5.5
LPBANK 2.6 2.7 4 4.1 5 5.6
MB 2.6 3 3.9 4 4.9 4.7
MSB 3.5 3.5 4.1 4.1 4.5 4.5
NAM A BANK 2.7 3.4 4.3 4.7 5.1 5.5
NCB 3.2 3.5 4.65 4.85 5.2 5.7
OCB 3 3.2 4.6 4.7 4.9 5.4
OCEANBANK 2.9 3.2 4 4.1 5.4 5.9
PGBANK 2.6 3 3.8 3.8 4.7 5
PVCOMBANK 3.15 3.15 4.3 4.3 4.8 5.3
SACOMBANK 2.7 3.2 4 4.1 4.9 5.1
SAIGONBANK 2.3 2.5 3.8 4.1 5 5.6
SCB 1.6 1.9 2.9 2.9 3.7 3.9
SEABANK 2.7 2.9 3.6 3.8 4.45 5
SHB 2.8 3 4.2 4.4 4.9 5.2
TECHCOMBANK 2.55 2.95 3.85 3.85 4.65 4.65
TPBANK 3 3.3 4.2 4.9 5.3
VIB 2.8 3.1 4.1 4.1 4.9
VIET A BANK 3 3.3 4.5 4.5 5 5.3
VIETBANK 3 3.3 4.4 4.6 5.1 5.7
VPBANK 2.9 3.2 4.4 4.4 5 5

According to statistics, since the beginning of May 2024, a series of banks have increased deposit interest rates including: ACB, VIB, GPBank, NCB, BVBank, Sacombank, CB, Bac A Bank, Techcombank, TPBank, PGBank, SeABank, Viet A Bank, ABBank, VPBank, HDBank, and MB.

Of which, VIB is the first bank to increase interest rates 3 times since the beginning of the month on May 4, May 8 and May 21.

CB, SeABank, ABBank are banks that have increased interest rates twice.

On the contrary, VietBank is the bank that adjusted to reduce deposit interest rates for all terms, while VIB reduced deposit interest rates for 24 and 36 month terms.