After a series of banks including ABBank, SHB and OCB increased their deposit interest rates yesterday, in which ABBank reached the interest rate threshold of 6%/year for 12-month term and SHB reached the threshold of 6.1% for deposits with a term of 36 months or more, this morning (June 27), VietA Commercial Joint Stock Bank (VietA Bank) increased its deposit interest rates for the second time this month.

The online interest rate table posted by VietA Bank shows that interest rates for terms from 1-36 months have increased by 0.2%/year.

Accordingly, the bank interest rate for 1-month term with interest paid at the end of the term is 3.4%/year, 2-month term is 3.5%/year, 3-month term is 3.7%/year and 4-5-month term has a new interest rate of 3.8%/year.

VietA Bank increased the interest rate for 6-11 month terms to 4.8%/year, while 12-13 month terms were listed at 5.4%/year, 15 month terms at 5.5%/year and 18 month terms at up to 5.7%/year.

The highest interest rate at VietA Bank is 5.8%/year for deposits of 24-36 months. This is also the current popular interest rate for long terms, after a series of banks increased interest rates.

However, VietA Bank said it can still apply interest rates different from the interest rate schedule for some customers and not exceed the maximum interest rate prescribed by the State Bank for each term.

After a series of banks increased their deposit interest rates, up to now, there are 4 banks listing deposit interest rates at 6.1%/year, the highest rate as announced, including: SHB (applied to deposits with a term of 36 months or more), OceanBank (term of 18-60 months), NCB (term of 18-60 months) and HDBank (term of 18 months).

The interest rate of 6%/year is also considered attractive and only appears in the interest rate table of a few banks such as ABBank (12-month term) and OCB (36-month term).

Meanwhile, the interest rate of 5.8%-5.9%/year is increasingly appearing on the interest rate statistics table of banks.

BaoViet Bank and PGBank are listing interest rates of 5.8%/year for 18-month term deposits and 5.9%/year for 24-36-month term deposits; BVBank, MB, GPBank, Saigonbank, VietA Bank, VietBank, SeABank apply for 24-36-month terms.

Only SCB, Vietcombank, BIDV, and Agribank list interest rates below 5%/year for 24-36 month term deposits.

However, for deposit terms of less than 12 months, interest rates below 5%/year are still common.

HIGHEST DEPOSITS INTEREST RATES (6 - 36 MONTHS) AT BANKS ON JUNE 27 (%/YEAR)
BANK 6 MONTHS 9 MONTHS 12 MONTHS 18 MONTHS 24 MONTHS 36 MONTHS
AGRIBANK 3 3 4.7 4.7 4.7 4.7
BIDV 3.3 3.3 4.7 4.7 4.8 4.8
VIETINBANK 3.3 3.3 3.3 3.3 5 5
VIETCOMBANK 2.9 2.9 4.6 4.6 4.7 4.7
ABBANK 5.6 5.8 6 5.7 5.7 5.7
ACB 3.9 4 4.7 4.7
BAC A BANK 4.9 5 5.5 5.6 5.6 5.6
BAOVIETBANK 4.9 5 5.5 5.8 5.9 5.9
BVBANK 4.9 5.05 5.6 5.8 5.8 5.8
CBBANK 5.15 5.1 5.3 5.55 5.55 5.55
DONG A BANK 4 4.2 4.5 4.7 4.7 4.7
EXIMBANK 4.5 4.5 5 5.1 5.2 5.2
GPBANK 4.85 5.2 5.75 5.85 5.85 5.85
HDBANK 4.9 4.7 5.5 6.1 5.5 5.5
KIENLONGBANK 4.7 5 5.2 5.5 5.5 5.5
LPBANK 4.7 4.8 5.1 5.6 5.6 5.6
MB 4.2 4.3 5 4.9 5.8 5.8
MSB 4.6 4.6 5.4 5.4 5.4 5.4
NAM A BANK 4.6 5.1 5.4 5.7 5.7 5.7
NCB 5.25 5.45 5.6 6.1 6.1 6.1
OCB 4.9 5 5.2 5.4 5.8 6
OCEANBANK 4.8 4.9 5.5 6.1 6.1 6.1
PGBANK 4.5 4.5 5.3 5.8 5.9 5.9
PVCOMBANK 4.3 4.3 4.8 5.5 5.5 5.5
SACOMBANK 4 4.1 4.9 5.1 5.2 5.4
SAIGONBANK 3.8 4.1 5 5.6 5.7 5.8
SCB 2.9 2.9 3.7 3.9 3.9 3.9
SEABANK 3.6 3.8 4.45 5 5.8 5.8
SHB 4.7 4.8 5.2 5.5 5.8 6.1
TECHCOMBANK 4.25 4.25 4.95 4.95 4.95 4.95
TPBANK 4.5 5.2 5.4 5.7 5.7
VIB 4.3 4.4 4.9 5.1 5.1
VIET A BANK 4.8 4.8 5.4 5.7 5.8 5.8
VIETBANK 4.6 4.6 5.2 5.8 5.8 5.8
VPBANK 4.7 4.7 5.2 5.2 5.6 5.6

According to statistics from the beginning of June until now, 23 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, ACB and SHB.

Of which, GPBank, VIB, MB, BaoViet Bank, OceanBank, NCB, TPBank, PGBank, LPBank, OCB, ABBank and VietA Bank 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.

Similarly, after two interest rate increases, VIB also reduced 0.1-0.2%/year interest rates for 6-36 month terms.