The highest interest rate currently announced by banks is 6.1%/year, applied to 12-month online deposits at HDBank, 36-month deposits at Saigonbank and 18-36-month deposits at OceanBank and NCB.

In addition, the mobilization interest rate of 6%/year is also listed by ABBank for 12-month term deposits; Saigonbank listed for 18-24-month term deposits; BVBank and BaoViet Bank listed for 18-36-month term deposits.

In addition, some banks continue to maintain a "special interest rate" policy for customers depositing large amounts of money.

PVCombank is leading the market in terms of "special interest rates" when customers deposit money at the counter, with a mobilization rate of 9.5% for a term of 12-13 months, the highest rate in the market today.

However, the condition to receive interest rates of up to 9.5%/year is that customers must have a minimum deposit balance of VND 2,000 billion.

W-PVcombank (18).jpg

In addition to PVCombank, some other banks such as DongA Bank, ACB, MSB,... are also maintaining special interest rates.

At MSB, the special interest rate has been reduced from 8.5%/year to 7%/year, with the condition that customers need to have a minimum deposit balance of VND500 billion and deposit for a term of 12-13 months.

However, MSB also applies a "special interest rate" policy for "ordinary" customers, allowing depositors to receive real interest rates 0.3-0.5% higher per year than the online deposit interest rate announced by the bank.

Specifically, MSB listed online term deposits with "special interest rate" at 5.1%/year for 6-month terms, 5.7%/year for 12-month, 15-month and 24-month terms.

HDBank listed "special interest rates" for 13-month term deposits at up to 8.1%/year, and 12-month term deposits at 7.7%/year. These interest rates are 2.3%-2.5%/year higher than the interest rates at the counter applied to regular customers. The condition to receive the above interest rates is that customers deposit at least VND500 billion and receive interest at the end of the term.

Dong A Bank is also one of the banks that pay a “special interest rate” of up to 7.5%/year for 13-month term deposits, 2.2%/year higher than the normal mobilization interest rate listed by this bank. Depositors only need to have a deposit balance of VND200 billion or more.

The deposit limit of VND200 billion is also a condition for ACB Bank to allow customers to enjoy a "special interest rate" when making a 13-month deposit at the counter. However, this interest rate is lower than the normal interest rate at many other banks, only at 5.9%/year and 5.7%/year if choosing to receive interest at the beginning of the term.

INTEREST RATES FOR ONLINE DEPOSITS AT BANKS ON AUGUST 27, 2024
BANK 1 MONTH 3 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS 18 MONTHS
AGRIBANK 1.8 2.2 3.2 3.2 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 4 5 5.5 6 5.7
ACB 3 3.4 4.15 4.2 4.8
BAC A BANK 3.5 3.8 5 5.1 5.6 5.75
BAOVIETBANK 3.3 4 5.2 5.4 5.8 6
BVBANK 3.7 3.8 5.1 5.5 5.8 6
CBBANK 3.8 4 5.55 5.5 5.7 5.85
DONG A BANK 3.6 3.6 4.9 4.9 5.3 5.2
EXIMBANK 3.5 4.3 5.2 4.5 5.4 5.1
GPBANK 3 3.52 4.85 5.2 5.75 5.85
HDBANK 3.55 3.55 5.1 4.7 5.5 6.1
KIENLONGBANK 3.7 3.7 5.2 5.3 5.6 5.7
LPBANK 3.4 3.5 4.7 4.8 5.1 5.6
MB 3.3 3.7 4.4 4.4 5.1 5
MSB 3.7 3.7 4.6 4.6 5.4 5.4
NAM A BANK 3.5 4.1 5 5.2 5.6 5.7
NCB 3.7 4 5.35 5.55 5.7 6.1
OCB 3.7 3.9 4.9 5 5.2 5.4
OCEANBANK 3.4 3.8 4.8 4.9 5.5 6.1
PGBANK 3.2 3.7 5 5 5.5 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 5.8 6
SCB 1.6 1.9 2.9 2.9 3.7 3.9
SEABANK 2.95 3.45 3.75 3.95 4.5 5.45
SHB 3.5 3.8 5 5.1 5.5 5.8
TECHCOMBANK 3.25 3.45 4.55 4.55 4.95 4.95
TPBANK 3.5 3.8 4.7 5.2 5.4
VIB 3.2 3.5 4.6 4.6 5.1
VIET A BANK 3.4 3.7 4.8 4.8 5.4 5.7
VIETBANK 3.6 3.8 5.2 5 5.6 5.9
VPBANK 3.6 3.8 5 5 5.5 5.5

According to statistics from the beginning of August until now, 15 banks have increased their deposit interest rates, including: Agribank, Eximbank, HDBank, Sacombank, Saigonbank, TPBank, CB, VIB, DongA Bank, VPBank, Techcombank, VietBank, SHB, PVCombank, and Nam A Bank. Of which, Sacombank, VietBank, DongA Bank, and Techcombank are the banks that have increased their interest rates twice.

On the contrary, Bac A Bank, SeABank and OCB are banks that unexpectedly reduced deposit interest rates during this period, of which SeABank has reduced interest rates twice.