Vietnam International Commercial Joint Stock Bank ( VIB ) has just become the next bank to reduce deposit interest rates by 0.1 percentage points for deposit interest rates for terms from 6-18 months.

This is the first time in March that VIB has adjusted deposit interest rates, but the sixth time since the beginning of 2024.

According to VIB's latest online deposit interest rate schedule, the interest rate for 6-11 month terms is 4%/year and for 15-18 month terms is 4.8%/year after the reduction.

Bank interest rates for 1-2 month terms are kept at 2.7% and 2.8%/year, respectively. 3-5 month terms are also kept at 3%/year. Online deposit interest rates for 24-36 month terms are also kept at 5%/year, which is the highest interest rate when depositing money at VIB.

Techcombank also adjusted its deposit interest rates starting today. However, the change only applies to 1-2 month term deposit interest rates.

Accordingly, Techcombank's online deposit interest rate for 1-2 month terms has been reduced by 0.2 percentage points to 2.25%/year.

Techcombank keeps the interest rates for the remaining terms unchanged, with the 3-5 month term at 2.55%/year, applied to all deposit accounts.

Online interest rates for deposit accounts under 1 billion VND, term 6-8 months is 6.35%/year, term 9-11 months is 3.7%/year, term 12-14 months is 4.55%/year, term 15-36 months is 4.55%/year.

Compared to the interest rate for deposit accounts under VND1 billion, Techcombank adds 0.05 and 0.1 percentage points of interest for deposit accounts from VND1-3 billion and from VND3 billion or more, respectively. Therefore, the highest mobilization interest rate at Techcombank is currently 4.65%/year, applied to deposit accounts from VND3 billion or more, with a term of 12-36 months.

Apart from VIB and Techcombank, savings interest rates at other banks remained unchanged on the first day of the week.

Since the beginning of March, 25 commercial banks have reduced deposit interest rates, including: PGBank, BVBank, BaoViet Bank, GPBank, ACB, Agribank, VPBank, PVCombank, Dong A Bank, MB, Techcombank, NCB, KienLong Bank, Agribank, SCB, Saigonbank, BIDV, Sacombank, ABBank, SeABank, CBBank, OceanBank, TPBank, VietinBank, VIB.

Of which, BaoViet Bank, GPBank, BVBank, PGBank, Techcombank have reduced deposit interest rates twice since the beginning of the month.

HIGHEST DEPOSITS INTEREST RATE TABLE ON MARCH 25 (%/year)
BANK 1 MONTH 3 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS 18 MONTHS
VIETBANK 3.1 3.5 4.6 4.8 5.3 5.8
OCB 3 3.2 4.6 4.7 4.9 5.4
HDBANK 2.95 2.95 4.6 4.4 4.8 5.7
ABBANK 3 3.2 4.6 4.2 4.2 4.4
NCB 3.3 3.5 4.55 4.65 5 5.5
NAM A BANK 2.9 3.4 4.5 4.8 5.3 5.7
VIET A BANK 3.1 3.4 4.5 4.5 5 5.3
BAOVIETBANK 3 3.25 4.3 4.4 4.7 5.5
PVCOMBANK 2.85 2.85 4.3 4.3 4.8 5.1
DONG A BANK 3.3 3.3 4.3 4.5 4.8 5
BVBANK 3 3.2 4.2 4.5 4.8 5.5
SHB 2.6 3 4.2 4.4 4.8 5.1
KIENLONGBANK 3 3 4.2 4.6 4.8 5.3
BAC A BANK 2.8 3 4.2 4.3 4.6 5.1
LPBANK 2.6 2.7 4 4.1 5 5.6
PGBANK 2.6 3 4 4 4.3 4.8
VIB 2.7 3 4 4 4.8
CBBANK 3.1 3.3 4 3.95 4.15 4.4
VPBANK 2.3 2.5 4 4 4.3 4.3
GPBANK 2.3 2.82 3.95 4.2 4.65 4.75
OCEANBANK 2.6 3.1 3.9 4.1 4.9 5.2
EXIMBANK 3.1 3.4 3.9 3.9 4.9 5.1
MSB 3.5 3.5 3.9 3.9 4.3 4.3
SAIGONBANK 2.3 2.5 3.8 4.1 5 5.6
TPBANK 2.5 2.8 3.8 4.7 5
SACOMBANK 2.3 2.7 3.7 3.8 4.7 4.9
ACB 2.5 2.8 3.7 3.9 4.7
TECHCOMBANK 2.25 2.25 3.65 3.7 4.55 4.55
MB 2.2 2.6 3.6 3.7 4.6 4.7
SEABANK 2.7 2.9 3.2 3.4 3.75 4.6
BIDV 1.8 2.1 3.1 3.1 4.7 4.7
SCB 1.65 1.95 3.05 3.05 4.05 4.05
VIETINBANK 1.7 2 3 3 4.7 4.7
VIETCOMBANK 1.7 2 3 3 4.7 4.7
AGRIBANK 1.6 1.9 3 3 4.7 4.7

In addition to the common interest rates announced by banks, depositors can still receive higher interest rates if they are VIP customers of the bank.

Currently, the "special interest rate" policy is applied at Dong A Bank, HDBank, MSB, ACB, PVCombank, ABBank,...

Specifically, Dong A Bank is still maintaining a "special interest rate" of 7.5%/year for term deposits of 13 months or more with a deposit amount of 200 billion VND.

At ACB, the "special interest rate" applied to 13-month term deposits is 5.6% for deposit accounts of VND200 billion or more (while the normal interest rate for this term is 4.5%/year).

At PVCombank, the interest rate for deposits at the counter for a term of 12-13 months for regular customers is 4.5%-4.7%/year. However, the “special interest rate” is up to 10%/year (the highest currently), applied to deposit accounts of VND2,000 billion or more.

At MSB, the announced interest rate for 12-13 month deposits at the counter is only 4%/year. However, for customers depositing VND500 billion or more, the applicable interest rate is 8.5%/year.

At HDBank, the special interest rates applied to 12- and 13-month deposits at the counter are 7.7% and 8.1% per year, respectively. This interest rate policy is only for deposit accounts of VND500 billion or more, while the normal interest rate for the same term is only 4.7-4.9% per year.

At ABBank, interest rates of up to 9.65%/year apply to deposit interest rates for customers with savings of VND 1,500 billion or more, with a term of 13 months and must be approved by the general director.