Bank interest rates today March 28, 2025: More banks 'change the wheel' to high interest rates

The Joint Stock Commercial Bank for Industry and Trade of Vietnam (BVBank) has just posted a new interest rate schedule from today, with a decrease of 0.2%/year for terms from 6-12 months, and a decrease of 0.1%/year for terms from 13-24 months.

According to the latest interest rate schedule for online savings customers, the interest rate for 6-month term is 5.15%/year; 7-month term is reduced to 5.2%/year; 8-month and 9-month terms are 5.25% and 5.3%/year, respectively.

Online banking interest rates for 10- and 11-month terms are 5.35% and 5.4% per year, respectively; 12-month terms are down to 5.6% per year and 15-month terms are down to 5.8% per year.

Notably, the deposit interest rate at BVBank officially left the 6%/year mark when the bank lowered the interest rate for 18 and 24-month terms, to 5.9% and 5.95%/year, respectively. These are also the two deposit terms with the highest interest rates at this bank.

Meanwhile, BVBank kept the interest rates for deposits with terms from 1 to 5 months unchanged. The interest rate for online deposits with a term of 1 month is 3.95%/year, with a term of 2 months is 4%/year, with a term of 3 months is 4.15%/year and with a term of 5 months is 4.25%/year.

With the recent interest rate adjustment, BVBank became the 20th domestic commercial bank to reduce deposit interest rates in March. Previously, BVBank became the first bank to reduce interest rates on February 25, right after the State Bank requested commercial banks to reduce interest rates.

After BVBank officially moved the deposit interest rate from 6%/year, only 4 banks maintained this interest rate but only applied it to online deposit interest rates.

In particular, GPBank listed interest rates at 6.05%/year for 12-month terms and 6.15%/year for 13-36-month terms.

HDBank listed interest rates of 6%/year for 15-month term and 6.1%/year for 18-month term.

Vikki Bank lists an interest rate of 6%/year for online deposits from 12-month term.

The 6% rate is also applied by Viet A Bank only for a 36-month term.

In addition, some banks such as LPBank and PVCombank, although not posting interest rates of 6%/year, still display signs in front of their transaction offices to invite customers to deposit money with interest rates of up to 6%/year.

Since the interest rate meeting on February 25, no domestic commercial bank has increased its deposit interest rate. On the contrary, 24 domestic commercial banks have reduced their deposit interest rate by 0.1-1%/year depending on the term.

In March alone, 20 domestic commercial banks reduced deposit interest rates from the beginning of the month.

ONLINE DEPOSITS INTEREST RATE ON MARCH 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	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	5.15	5.3	5.5	5.9
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
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	4.15	4.35	5.65	5.95	6	6
VPBANK	3.8	4	5	5	5.5	5.5