This morning, Bac A Bank, Saigonbank, and VIB followed banks such as Eximbank, BVBank, KienlongBank, VietBank, MSB,... in reducing deposit interest rates for all terms.

For Bac A Bank, this is the second time this month that the bank has reduced deposit interest rates, after adjusting down 0.1%/year for terms from 12-36 months on February 7.

According to the interest rate schedule applied to deposits of less than VND1 billion, the term from 1-11 months decreased by 0.1%/year; the term from 12-36 months decreased by 0.2%/year. Accordingly, the interest rate for deposits with a term of 1-2 months is 3.5%/year, 4 months is 3.9%/year, and 5 months is reduced to 4%/year.

Savings interest rates for terms of 6-8 months have decreased to 4.95%/year, and for terms of 9-11 months have decreased to 5.05%/year.

The 12-month term interest rate has been reduced by 0.2%/year to 5.4%/year. Similarly, the 13- and 15-month term interest rates are now 5.5%/year.

The highest interest rate listed by Bac A Bank for deposit accounts under 1 billion VND is 5.8%/year, applied for terms from 18-36 months, thereby officially eliminating the 6%/year interest rate mark from today.

However, to receive a 6%/year deposit interest rate at Bac A Bank, customers can deposit from 1 billion VND or more with a term of 18-36 months. This is the interest rate applied to deposit accounts from 1 billion VND according to the bank's ladder interest rate policy.

Currently, the interest rate on deposits from 1 billion VND at all terms listed by Bac A Bank is 0.2% higher per year than the interest rate applied to deposit accounts under 1 billion VND.

Saigonbank's interest rate also officially left the 6%/year mark from today.

On the online mobilization channel, bank interest rates decreased by 0.2%/year for terms from 12-36 months. Specifically, the 12-month term decreased to 5.6%/year, the 13-24-month term is no longer listed at 6%/year after decreasing to 5.8%/year.

The market-leading interest rate of 6.1%/year listed by Saigonbank for 36-month term deposits has now also decreased to 5.9%/year.

Saigonbank keeps the interest rates unchanged for the remaining terms. The interest rate for 1-2 month terms is 3.3%/year, for 3-5 month terms is 3.6%/year; for 6-8 month terms is 4.8%/year; for 9 month terms is 4.9%/year; for 10 month terms is 5%/year; and for 11 month terms is 5.1%/year.

Also reducing deposit interest rates today is VIB Bank. This is the first time VIB has adjusted interest rates after 3 months of keeping them unchanged.

According to VIB's latest online deposit interest rate schedule, interest rates for terms from 1-36 months have decreased by 0.1%/year.

Currently, the latest 1-month term deposit interest rate at VIB is 3.7%/year, 2-5 months 3.8%/year, 6-11 months 4.8%/year, 15-18 months 5.2%/year; and the interest rate for 24-36 month term deposits is 5.3%/year.

ONLINE DEPOSITS INTEREST RATE TABLE ON FEBRUARY 28, 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 4 5.5 5.6 5.8 5.6
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 6
BVBANK 3.95 4.15 5.35 5.5 5.8 6
EXIMBANK 4.1 4.4 5.3 5.3 5.8 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
HONG LEONG 3.25 3.55 4.45 4.45 4.75
IVB 4 4.35 5.35 5.35 5.95 6.05
KIENLONGBANK 4.1 4.1 5.4 5.4 5.7 5.7
LPBANK 3.6 3.9 5.1 5.1 5.5 5.8
MB 3.7 4 4.6 4.6 5.1 5.1
MBV 4.3 4.6 5.5 5.6 5.8 6.1
MSB 3.9 3.9 5 5 5.6 5.6
NAM A BANK 4.3 4.5 5 5.2 5.6 5.7
NCB 4.1 4.3 5.45 5.55 5.7 5.7
OCB 4 4.2 5.2 5.2 5.3 5.5
PGBANK 3.4 3.8 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 5.6 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 5 5.1 5.5 5.8
TECHCOMBANK 3.35 3.65 4.65 4.65 4.85 4.85
TPBANK 3.5 3.8 4.8 4.9 5.2 5.5
VCBNEO 4.15 4.35 5.85 5.8 6 6
VIB 3.7 3.8 4.8 4.8 5.2
VIET A BANK 3.7 4 5.2 5.4 5.8 6
VIETBANK 4.1 4.4 5.4 5.4 5.8 5.9
VIKKI BANK 4.4 4.4 5.6 5.7 5.9 5.9
VPBANK 3.8 4 5 5 5.5 5.5
In February 2025, 10 banks reduced interest rates and 2 banks increased deposit interest rates, including: TPBank (reduced deposit interest rates for terms of 1 - 2 - 3 and 12 months), Techcombank (increased interest rates for terms of 6-36 months), Bac A Bank (reduced interest rates for 1-36 months twice) and Eximbank (increased interest rates for 1-12 months, reduced interest rates for 15-36 months, reduced interest rates for 15-36 months, and reduced terms of 6-36 months), Viet A Bank (increased interest rates for terms of 12-36 months), Vikki Bank (increased terms of 1-8 months and 12 months, reduced interest rates for terms of 13-36 months); VietBank (increased interest rates for terms of 1-5 months and 7-9 months, reduced interest rates for terms of 1-5 months); BaoViet Bank (increased interest rates for terms of 1 month); MSB (reduced interest rates for terms of 1-5 months and 12-36 months); KienlongBank (reduced interest rates for 1-36 months); BVBank (reduced interest rates for 6 months or more); VIB (reduced interest rates for 1-36 months); Saigonbank (reduced 0.2%/year for 12-36 months).

Interbank interest rates fall

According to reports from credit institutions and foreign bank branches through the statistical reporting system of the State Bank of Vietnam, interbank interest rates in the week from February 17-21 tended to decrease in most key terms compared to the previous week.

Specifically, the average interest rates for overnight, 1-week and 1-month terms decreased by 0.5%/year, 0.29%/year and 0.02%/year to 4.29%/year, 4.49%/year and 4.67%/year, respectively.

For USD transactions, average interest rates tended to fluctuate little, decreasing slightly in most terms compared to last week.

Specifically, the average interest rates for overnight, 2-week and 1-month terms decreased by 0.02%/year, 0.07%/year and 0.01%/year to 4.28%/year, 4.29%/year and 4.50%/year, respectively. The average interest rate for 1-week term remained unchanged.

Transaction turnover in the interbank market in VND during the week reached approximately VND 2,413,286 billion, an average of VND 482,657 billion/day, an increase of VND 27,970 billion/day compared to the previous week; transaction turnover in USD converted to VND during the week reached approximately VND 375,856 billion, an average of VND 75,171 billion/day, a decrease of VND 13,645 billion/day compared to the previous week.

By term, VND transactions mainly focus on overnight terms (92% of total VND transaction turnover) and 1-week terms (3% of total VND transaction turnover).

For USD trading, the tenors with the largest turnover are overnight and 1-week tenors with proportions of 82% and 11% respectively.