The interest rate table announced by the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) this morning (June 24) remains unchanged, but there is a notable detail. Specifically, customers who choose to deposit savings online will receive an additional interest rate of 0.3-0.4%/year compared to the listed rate when depositing savings for one of the terms from 1-11 months.

At the same time, VietinBank also adds 0.2%/year interest rate on deposits with terms from 24-36 months.

According to the interest rate table from June 3 to present, online deposits for 1-2 months are 2%/year, 3-5 months are 2.3%/year, 6-11 months are 3.3%/year, 12-18 months are 4.7%/year, and 24-36 months are 5%/year.

With the above policy, the highest interest rate at VietinBank can be up to 5.2%/year when customers deposit money for a term of 24-36 months.

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Deposit interest rates are posted and announced with additional interest rates of VietinBank on the morning of June 24, 2024. Screenshot.

Previously, VietnBank increased its interest rate for deposits with terms of 1-11 months by 0.2% per year on June 3. This is also the only bank in the Big4 group to increase its deposit interest rate in June.

Currently, VietinBank is also the only bank in the Big 4 group that publicly announced the policy of adding interest rates to depositors. This policy has been applied by joint stock commercial banks for a long time, but only for over-the-counter deposits.

For example, at SeABank, the highest listed interest rate is only 5%/year, but in reality, customers can receive up to 5.8%/year when depositing savings at the counter.

In addition, customers who deposit savings online will also receive an additional 0.5% interest per year from SeABank, applied to deposits from 100 million VND, with terms of 6, 12, and 13 months.

Some other joint stock commercial banks such as VPBank, Techcombank, ACB, VIB also have a policy of adding interest depending on the amount of deposit.

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Currently, SeABank transaction points are listing deposit interest rates of up to 5.8%/year. Photo: Tuan Nguyen.

According to statistics, from the beginning of June until now, 22 banks have increased their deposit interest rates. Accordingly, the highest bank interest rate is currently 6.1%/year, applied at NCB (18-60 month term), OceanBank (18-36 month term), and OCB (18 month term).

Notably, in addition to the current normal deposit interest rates, some banks continue to maintain special interest rate policies with a significant difference compared to normal interest rates.

The special interest rate at HDBank is 7.7%/year, applied to 12-month term deposits with balances of VND500 billion or more, and 8.1%/year applied to 13-month term deposits also with balances of VND500 billion or more.

The special interest rate at Dong A Bank is 7.5%/year for customers making term deposits of 13 months or more with a deposit amount of 200 billion VND or more.

ACB is also applying special interest rates of 5.7% (monthly interest) and 5.9%/year (end-of-term interest) for customers with deposit balances of VND200 billion or more and a term of 13 months.

The special interest rate at MSB is currently 7%/year, applied to deposits from 500 billion VND and terms of 12-13 months. In addition, this bank also applies special interest rates for regular customers with a 6-month term interest rate of 6.1%/year (the normal interest rate is 4.6%/year), and interest rates for 12-month, 15-month, and 24-month terms of 5.7%/year (the normal interest rate is 5.4%/year).

PVCombank is also known as a bank with a special interest rate policy of up to 9.5%/year (the highest rate on the market today) for 12 and 13 month term deposits. However, PVCombank is also the place that sets the strictest conditions, which is the deposit amount must be from 2,000 billion VND.

HIGHEST DEPOSIT INTEREST RATES AT BANKS ON JUNE 24 (%/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 3.52 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, and ACB.

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 the interest rates for terms of 15-36 months by 0.1% per year.