Vietnam Thuong Tin Commercial Joint Stock Bank ( VietBank ) continues to reduce deposit interest rates from today (January 23) with a decrease of 0.2 percentage points for term deposits from 1 to 17 months, and a decrease of 0.1 percentage points for term deposits from 18 to 36 months.

Accordingly, VietBank's latest online deposit interest rate schedule is as follows: 1-month term bank interest rate is 3.5%/year, 2-month term is 3.6%/year, 3-month term is 3.7%/year, 4-month term is 3.8%/year, and 5-month term has a new interest rate of 3.9%/year.

VietBank has set the interest rate for 6-11 month deposits at 5%/year, 12 month deposits at 5.3%/year, and 14 month deposits at 5.4%/year.

Interest rates for terms from 15-17 months have been reduced to 5.7%/year, while terms from 18-36 months currently have the highest mobilization interest rate of 5.8%/year.

This is the second time VietBank has reduced deposit interest rates since the beginning of the new year.

Also today, Vietnam Export Import Commercial Joint Stock Bank ( Eximbank ) reduced interest rates for the second time after adjusting for terms from 6 months.

Currently, Eximbank's latest online interest rate for 6-month and 9-month deposits is 4.5%/year, down 0.1 and 0.5 percentage points, respectively.

The 12-month interest rate remains unchanged at 5% per year, while the 18-month rate has decreased by 0.3 percentage points to 5.2% per year. The interest rates for 24-36-month terms have also decreased similarly to 5.3% per year.

Eximbank keeps the interest rate unchanged for terms under 6 months. The current interest rate for 1-month term is 3.4%/year, 2-month term is 3.5%/year, and 3-month term is 3.7%/year.

Meanwhile, Vietnam Joint Stock Commercial Bank for Industry and Trade ( BVBank ) has just become the next bank to follow other banks in reducing deposit interest rates.

BVBank's online interest rate table shows that this bank has just reduced interest rates for terms from 1-15 months.

Accordingly, the interest rate on deposits with terms of 1-5 months has decreased by 0.15 percentage points. Currently, the 1-month term is 3.65%/year, the 2-month term is 3.7%/year, the 3-month term is 3.75%/year, the 4-month and 5-month terms are 3.8% and 3.85%/year, respectively.

BVBank reduced the deposit interest rate by 0.2 percentage points for terms from 6 to 9 months. Currently, the 6-month term deposit interest rate is 4.85%/year, the 7-month term is 4.9%/year, the 8-month term is 4.95%/year and the 9-month term has a new interest rate of 5%/year.

Interest rates for 10-15 month terms decreased by 0.35 percentage points compared to before. Therefore, the interest rate for 10-month terms is 5.05%/year, 11-month terms is 5.1%/year, 12-month terms is 5.15%/year and 12-month terms is 5.15%/year.

BVBank maintains the interest rates for 18-month and 24-month terms at 5.55% and 5.65%/year, respectively. These are also the deposit terms with the highest interest rates at BVBank.

With BVBank just joining the mobilization interest rate reduction campaign, since the beginning of January 2024 until now, 28 banks have reduced mobilization 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, VPBank, SeABank, MSB, Nam A Bank, MB, BVBank.

Of which, OCB, GPBank, SHB, VIB, Bac A Bank, VPBank, Eximbank, VietBank reduced interest rates for the second time since the beginning of January.

SHB, NCB, Viet A Bank and KienLong Bank have even reduced interest rates up to 3 times.

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 23
BANK 1 MONTH 3 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS 18 MONTHS
HDBANK 3.45 3.45 5.3 5 5.5 6.3
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 3.9 4.1 5.05 5.15 5.5 6
PVCOMBANK 3.05 3.05 5 5 5.1 5.4
ABBANK 3.15 3.35 5 4.4 4.4 4.4
VIETBANK 3.5 3.7 4.9 5 5.3 5.8
BAC A BANK 3.6 3.8 4.9 5 5.2 5.6
DONG A BANK 3.9 3.9 4.9 5.1 5.4 5.6
NAMA BANK 3.1 3.6 4.9 5.2 5.7 6.1
PGBANK 3.1 3.5 4.9 5.3 5.8 6.1
BVBANK 3.65 3.75 4.85 5 5.15 5.55
VIET A BANK 3.6 3.7 4.8 4.9 5.2 5.6
KIENLONGBANK 3.95 3.95 4.8 5 5.1 5.6
SHB 3.1 3.3 4.8 5 5.3 5.8
OCEANBANK 3.7 3.9 4.8 5 5.5 5.7
GPBANK 2.9 3.42 4.75 4.9 4.95 5.05
SACOMBANK 3.6 3.8 4.7 4.95 5 5.1
OCB 3 3.2 4.6 4.7 4.9 5.4
EXIMBANK 3.4 3.7 4.5 4.5 5 5.5
VIB 3.2 3.4 4.5 4.5 5.2
VPBANK 3.1 3.3 4.4 4.4 5.1 5.2
LPBANK 2.8 3.1 4.3 4.4 5.3 5.7
TPBANK 3 3.2 4.2 4.9 5.1
SAIGONBANK 2.8 3 4.2 4.4 5.1 5.5
SEABANK 3.4 3.6 4.15 4.3 4.75 5
MSB 3.5 3.5 3.9 3.9 4.3 4.3
MB 2.6 2.9 3.9 4.1 4.8 5.2
ACB 2.9 3.2 3.9 4.2 4.8
TECHCOMBANK 2.75 3.15 3.75 3.8 4.75 4.75
AGRIBANK 1.8 2.1 3.4 3.4 5 5
BIDV 2 2.3 3.3 3.3 5 5
VIETINBANK 1.9 2.2 3.2 3.2 5 5
SCB 1.75 2.05 3.05 3.05 4.75 4.75
VIETCOMBANK 1.7 2 3 3 4.7 4.7