The Vietnam Bank for Agriculture and Rural Development (Agribank) has just adjusted its deposit interest rate down by 0.1% per year for over-the-counter deposits with terms of 1-5 months for individual customers.

According to the latest interest rate table at Agribank, the bank interest rate for 1-2 month term is 2.1%/year; the latest interest rate for 3-5 month term is 2.4%/year.

Interest rates for deposits with terms of 6-24 months remain unchanged. Of which, interest rates for terms of 6-11 months are 3.5%/year; terms of 12-18 months are 4.7%/year; terms of 24 months are 4.8%/year.

Compared to online deposit interest rates for individual customers, Agribank is maintaining counter interest rates equal to online deposit interest rates for terms from 12-24 months.

Online deposit interest rates are 0.2-0.6% higher per year than at the counter.

Specifically, the interest rate of online bank deposits for 1-2 month term is 2.4%/year, 3-5 month term is 3.7%/year, 6-11 month term is 3.7%/year.

Previously, BIDV was the first Big4 bank in March to reduce deposit interest rates at the counter.

Among the four state-owned commercial banks (Big 4 banks), Agribank is applying the highest interest rate for deposits with terms of less than 24 months. Meanwhile, BIDV and VietinBank respectively list interest rates of 4.9%/year and 5%/year for online deposits with terms of 24 months or more.

According to Mr. Pham Chi Quang - Director of the Monetary Policy Department, State Bank - from the perspective of depositors, individuals and organizations all want to receive high interest rates. But as borrowers, businesses and people always want to borrow at low interest rates.

In fact, over 50% of outstanding loans of credit institutions (CIs) are currently medium and long-term loans, while 82% of banks' capital is short-term capital.

“Banks base their lending and deposit interest rates on local credit demand. The State Bank has directed banks to regularly cut operating costs, apply technology, and digitalize lending,” said Mr. Quang.

According to Mr. Pham Chi Quang, in 2023-2024, the lending interest rate has decreased by 2.3%. In the first 3 months of this year, the lending interest rate has decreased by 0.6%. This is a great effort of the banking industry.

However, in recent times, some credit institutions have pushed up deposit interest rates due to unfair competition, greatly affecting lending interest rates. Immediately afterwards, the Prime Minister issued a telegram requesting the banking sector to seriously implement the interest rate reduction.

In the coming time, the banking industry will continue to implement the Prime Minister's direction, ensuring stable deposit and lending interest rates, supporting the economy.

ONLINE DEPOSITS INTEREST RATE ON MARCH 27, 2025 (%/YEAR)
BANK 1 MONTH 3 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS 18 MONTHS
AGRIBANK 2.4 3 3.7 3.7 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 3.9 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 5.35 5.5 5.8 6
EXIMBANK 4 4.3 5.1 5.1 5.3 5.6
GPBANK 3.5 4.02 5.35 5.7 6.05 6.15
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 5.5 5.7
MB 3.7 4 4.6 4.6 5.1 5.1
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 4 4.2 4.9 5.2 5.5 5.6
NCB 4 4.2 5.35 5.45 5.6 5.6
OCB 4 4.2 5.2 5.2 5.3 5.5
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 3.55 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 3.9 4.15 5.3 5.45 5.65 5.9
VPBANK 3.8 4 5 5 5.5 5.5

Since the beginning of March, 19 domestic commercial banks have reduced interest rates, including: Kien Long, Bac A, Viet A, PGbank, Loc Phat, Quoc Dan, SHB, Nam A, VIB, VCBNeo, Eximbank, BIDV, Techcombank, Vikki, MBV, OCB, Vietinbank, Agribank, An Binh.

Since February 25, after the meeting between the State Bank of Vietnam and domestic commercial banks, 24 banks have adjusted their interest rates down by 0.1-1.05% per year depending on the term.

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Source: https://vietnamnet.vn/lai-suat-ngan-hang-hom-nay-27-3-2025-gui-truc-tuyen-cao-hon-den-0-6-tai-quay-2384846.html