The Bank for Agriculture and Rural Development ( Agribank ) has just unexpectedly increased interest rates for deposits with terms of 12-24 months, with an increase of 0.1%/year.
Accordingly, Agribank increased the online deposit interest rate for 12-18 month terms to 4.8%/year. The online deposit interest rate for 24 month terms was adjusted to increase to 4.9%/year.
Meanwhile, Agribank keeps interest rates for terms from 1-9 months unchanged.
The current bank interest rate for 1-2 month term is 2.4%/year, 3-5 month term is 3%/year and 6-9 month term is still 3.7%/year.
With this adjustment of deposit interest rates by Agribank, interest rates for terms from 12-24 months have been brought back to the old interest rates before January 3.
Before that time, Agribank reduced savings interest rates for terms from 12-24 months by 0.1%/year, and increased savings interest rates for terms from 3-9 months by 0.1%/year.
With two adjustments to deposit interest rates since the beginning of the year, Agribank is the only bank in the group of 4 state-owned commercial banks (Big 4) to adjust deposit interest rates since the beginning of 2025.
Up to now, although Agribank's interest rates are much lower than the average among joint stock commercial banks, at some terms announced by this bank, they are still higher than those of VietinBank, BIDV and Vietcombank.
Specifically, the 1-2 month term deposit interest rate at Agribank is 0.4%/year higher than the same term interest rate at BIDV and VietinBank, and 0.8%/year higher than Vietcombank .
The interest rate for 3-5 month term deposits at Agribank is 0.7%/year higher than the interest rate announced by BIDV and VietinBank for the same term, and 1.1%/year higher than Vietcombank.
Bank interest rates for terms of 6-9 months listed by Agribank are also 0.4%/year higher than the deposit interest rates for the same term listed by BIDV and VietinBank and 0.8%/year higher than Vietcombank.
The difference in interest rates for 12-18 month deposits between Agribank and the BIDV - VietinBank duo is 0.1%/year, while the gap with interest rates for the same term at Vietcombank is 0.2%/year.
For 24-month term deposit interest rates, the interest rate announced by Agribank is equal to the interest rate at BIDV, 0.2%/year higher than the interest rate at Vietcombank. However, the 4.9%/year rate announced by Agribank is 0.1%/year lower than the interest rate for the same term at VietinBank.
| INTEREST RATE TABLE FOR ONLINE DEPOSITS OF BANKS ON APRIL 23, 2025 (%/YEAR) | ||||||
| BANK | 1 MONTH | 3 MONTHS | 6 MONTHS | 9 MONTHS | 12 MONTHS | 18 MONTHS |
| AGRIBANK | 2.4 | 3 | 3.7 | 3.7 | 4.8 | 4.8 |
| 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 | 3.9 | 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 | 5.9 |
| BVBANK | 3.95 | 4.15 | 5.15 | 5.3 | 5.6 | 5.9 |
| EXIMBANK | 4 | 4.1 | 5.1 | 5.2 | 5.3 | 5.7 |
| GPBANK | 3.75 | 3.85 | 5.65 | 5.75 | 5.95 | 5.95 |
| HDBANK | 3.85 | 3.95 | 5.3 | 4.7 | 5.6 | 6.1 |
| KIENLONGBANK | 3.7 | 3.7 | 5.1 | 5.2 | 5.5 | 5.45 |
| LPBANK | 3.6 | 3.9 | 5.1 | 5.1 | 5.4 | 5.6 |
| MB | 3.7 | 4 | 4.6 | 4.6 | 5 | 5 |
| 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 | 3.8 | 4 | 4.9 | 5.2 | 5.5 | 5.6 |
| NCB | 4 | 4.2 | 5.35 | 5.45 | 5.6 | 5.6 |
| OCB | 3.9 | 4.1 | 5 | 5 | 5.1 | 5.2 |
| 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 | 4.55 | 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 | 4.15 | 4.35 | 5.65 | 5.95 | 6 | 6 |
| VPBANK | 3.7 | 3.9 | 4.8 | 4.8 | 5.3 | 5.3 |
However, according to VietNamNet's statistics on the difference between average lending interest rates and average deposit interest rates of commercial banks in the first 3 months of this year, Agribank is still the bank with the lowest difference.
Specifically, the average lending interest rate in March was 6.6%/year; the average capital cost was 5.39%/year, including the average mobilization interest rate of 3.71%/year and other costs (required reserves, payment reserves, deposit insurance and operating costs) of 1.68%/year.
Meanwhile, the difference between average deposit interest rate and average lending rate at Agribank is 1.21%/year, the lowest difference among commercial banks.
Currently, the short-term lending interest rate for some priority sectors and fields as directed by the Government and the State Bank applied by Agribank is 4%/year. The normal lending interest rate is from 4.8%/year for short-term loans, from 5.5%/year for long-term loans.
Since February 25, 28 domestic commercial banks have reduced their deposit interest rates by 0.1-1.05% per year. In April alone, several more banks reduced their deposit interest rates, including VPBank, MB, Eximbank, Nam A Bank, OCB and GPBank. In addition to reducing deposit interest rates, GPBank and Eximbank also increased deposit interest rates for some terms. OCB alone has increased online deposit interest rates for all terms, except for the 4-month term. Agribank has increased interest rates for terms from 12-24 months. |
Source: https://baodaknong.vn/lai-suat-ngan-hang-hom-nay-23-4-2025-nha-bang-top-dau-tang-lai-huy-dong-250313.html
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