Asia Commercial Joint Stock Bank ( ACB ) has just become the 22nd bank to increase deposit interest rates since the beginning of June.

According to the online interest rate schedule for individual customers with deposit accounts under 200 million VND, the interest rate for 1-month term increases by 0.3%/year to 2.8%/year; the interest rate for 2 and 3-month terms increases by 0.2%/year to 2.9%/year and 3.1%/year.

The strongest increase occurred in 6-month bank interest rates , up 0.4%/year to 3.9%/year.

ACB increased interest rates for 9-month and 12-month terms by 0.2%/year, reaching 4%/year and 4.7%/year, respectively.

For deposit accounts from 200 million VND to less than 1 billion VND, ACB increases interest rates by 0.1%/year for all terms.

Compared to deposit accounts under 200 million VND, ACB adds 0.15% interest per year to deposits from 1 billion VND to under 5 billion VND, and adds 0.2% interest per year to deposits from 5 billion VND or more.

Thus, the highest current mobilization interest rate according to ACB's online mobilization interest rate table is only 4.9%/year, applied to deposit accounts from 5 billion VND, term of 12 months.

To enjoy a higher interest rate than the interest rate table announced by ACB, customers can choose to deposit a 13-month term at the counter with a minimum balance of VND200 billion. Accordingly, the interest rate paid by ACB to customers is 5.7%/year (interest received at the beginning of the period), and 5.9%/year (interest received at the end of the period).

The above special interest rate of ACB is even lower than the normal interest rate of banks such as NCB, HDBank, OCB, OceanBank,...

Also this morning, Lien Viet Post Joint Stock Commercial Bank ( LPBank ) continued to increase deposit interest rates, with deposit terms from 1-11 months.

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Deposit interest rates at LPBank continued to increase for the second time since the beginning of June. Photo: LPBank.

According to the online deposit interest rate table just posted by LPBank, the interest rate for 1-5 month term deposits has increased by 0.2%/year from today.

Accordingly, the bank interest rate for 1-month term increased to 3.4%/year; the term for 2-4 months increased to 3.5%/year, while the interest rate for 5-month term deposits was 3.6%/year.

LPBank increased the interest rate for deposits with terms from 6 to 11 months by 0.3% per year. Currently, the interest rate for 6 to 8 months has increased to 4.7% per year; the interest rate for deposits with terms from 9 to 10 months has increased to 4.8% per year, and the interest rate for 11 months has increased to 4.9% per year.

LPBank keeps the interest rates unchanged for the remaining terms. The 12-13 month term is 5.1%/year, the 15-16 month term is 5.3%/year and the 18-60 month term has the highest interest rate of 5.6%/year.

After increasing deposit interest rates twice on June 7 and 14, Vietnam Export Import Commercial Joint Stock Bank ( Eximbank ) has just continued to increase interest rates, thereby becoming the first bank to increase savings interest rates for the third time this month.

In this adjustment, Eximbank increased the interest rate for 6-9 month term deposits by 0.2% per year. Currently, the online deposit interest rate for these terms is 4.5% per year.

Interest rates for the remaining terms remain the same. 1 - 2 - 3 month terms are 3.5% - 3.7% - 3.8%/year respectively. 12 month term has an interest rate of 5%/year, 18 month term has an interest rate of 5.1%/year, 24-36 month term has the highest interest rate of 5.2%/year.

Prosperity and Development Joint Stock Commercial Bank ( PGBank ) has also just increased deposit interest rates.

According to the deposit interest rate table posted by PGBank on the morning of June 21, this bank increased the deposit interest rate by 0.3%/year for terms from 1-18 months, and increased the deposit interest rate by 0.2%/year for terms from 24-36 months.

Specifically, the current bank interest rate for 1-month term is 3.2%/year, 2-month term is 3.3%/year, 3-month term is 3.5%/year, 6-9 month term is 4.5%/year, 12-month term is 5.3%/year, 13-month term is 5.6%/year and 18-month term is 5.8%/year.

The highest interest rate at PGBank is currently 5.9%/year, applied to deposits with terms from 24-36 months.

Previously, PGBank increased interest rates for 15-36 month terms on June 17 by 0.3% per year.

HIGHEST DEPOSITS INTEREST RATES AT BANKS ON JUNE 21, 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 3.6 4.8 4.4 5.6 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 3.8 4.9 5 5.5 5.8
BVBANK 3.4 3.5 4.9 5.05 5.6 5.8
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 3.8 4.5 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 3 4.7 5 5.2 5.5
LPBANK 3.4 3.5 4.7 4.8 5.1 5.6
MB 3.1 3.4 4.2 4.3 5 4.9
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 3.6 3.9 5.25 5.45 5.6 6.1
OCB 3.5 3.7 4.6 4.7 4.9 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 5.3
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 3.1 3.2 4.5 4.6 5 5.3
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 3.3 4.4 4.5 5.1
VIET A BANK 3.2 3.5 4.6 4.6 5.2 5.5
VIETBANK 3.1 3.3 4.6 4.6 5.2 5.8
VPBANK 3.1 3.5 4.7 4.7 5.2 5.2

According to statistics, from the beginning of June until now, 22 commercial banks have increased deposit interest rates, including:

VietinBank, TPBank, VIB, GPBank, BaoViet Bank, LPBank, Nam A Bank, OceanBank, ABBank, Bac A Bank, MSB, MB, Eximbank, OCB, BVBank, NCB, VietBank, VietA Bank, VPBank, PGBank, Techcombank.

Of which, GPBank, VIB, MB, BaoViet Bank, OceanBank, NCB, TPBank, PGBank, and LPBank have increased deposit interest rates twice since the beginning of June.

Eximbank has even increased its deposit interest rates three times since the beginning of the month, for terms of 1-12 months, 1-3 months, and 6-9 months. However, the bank has reduced its interest rates for terms of 15-36 months by 0.1% per year.