National Citizen Commercial Joint Stock Bank (NCB) became the first bank to increase deposit interest rates in July after announcing an adjustment in interest rates for deposit terms from 1-13 months, with a uniform increase of 0.1%/year.

Accordingly, NCB's online deposit interest rates listed on the morning of July 3 are as follows: 1-month term 3.7%/year, 2-month term 3.9%/year, 3-month term 4%/year, 4-month term 4.1%/year, 5-month term 4.2%/year.

NCB is one of the banks that has raised the interest rate for 6-month savings to over 5%/year. The interest rate for this term is currently 5.35%/year; while the interest rate for 7-month term is 5.4%/year, 8-month term is 5.45%/year, and 9-month term is 5.55%/year.

NCB listed the 10-month deposit interest rate at 5.6% per year, making it one of the few banks to list such a high interest rate. Meanwhile, the 11-month and 12-month deposit interest rates are 5.65% and 5.7% per year, respectively.

The 13-month bank interest rate has also increased to 5.8%/year, equal to the listed interest rate for the 15-month term.

NCB keeps the deposit interest rate for terms of 18-60 months at 6.1%/year. This is still the highest deposit interest rate in the market today.

Apart from NCB, only OceanBank, HDBank and SHB maintain the interest rate of 6.1%/year. However, HDBank and SHB only apply for single terms, 18 and 36 months respectively.

Except for NCB, interest rates at other banks remain unchanged.

Thus, NCB became the first bank to increase deposit interest rates in July, and also the first bank to increase interest rates since June 27. Previously, this bank had increased interest rates twice in June.

HIGHEST DEPOSITS INTEREST RATES OF BANKS ON JULY 3, 2024, TERM 1 - 18 MONTHS (%/YEAR)
BANK 1 MONTH 3 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS 18 MONTHS
AGRIBANK 1.6 1.9 3 3 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 5.6 5.8 6 5.7
ACB 2.8 3.1 3.9 4 4.7
BAC A BANK 3.5 3.7 4.9 5 5.5 5.6
BAOVIETBANK 3 3.8 4.9 5 5.5 5.9
BVBANK 3.4 3.5 4.9 5.05 5.6 5.8
CBBANK 3.4 3.6 5.15 5.1 5.3 5.55
DONG A BANK 2.8 3 4 4.2 4.5 4.7
EXIMBANK 3.5 3.8 4.5 4.5 5 5.1
GPBANK 3 3.52 4.85 5.2 5.75 5.85
HDBANK 3.25 3.25 4.9 4.7 5.5 6.1
KIENLONGBANK 3 3 4.7 5 5.2 5.5
LPBANK 3.4 3.5 4.7 4.8 5.1 5.6
MB 3.1 3.4 4.2 4.3 5 4.9
MSB 3.7 3.7 4.6 4.6 5.4 5.4
NAM A BANK 3.1 3.8 4.6 5.1 5.4 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 3.5 4.5 4.5 5.3 5.8
PVCOMBANK 3.15 3.15 4.3 4.3 4.8 5.5
SACOMBANK 2.7 3.2 4 4.1 4.9 5.1
SAIGONBANK 2.3 2.5 3.8 4.1 5 5.6
SCB 1.6 1.9 2.9 2.9 3.7 3.9
SEABANK 2.7 2.9 3.6 3.8 4.45 5
SHB 3.3 3.4 4.7 4.8 5.2 5.5
TECHCOMBANK 2.85 3.25 4.25 4.25 4.95 4.95
TPBANK 3.3 3.6 4.5 5.2 5.4
VIB 3 3.3 4.2 4.3 4.9 5.1
VIET A BANK 3.4 3.7 4.8 4.8 5.4 5.7
VIETBANK 3.1 3.3 4.6 4.6 5.2 5.8
VIETCOMBANK 1.6 1.9 2.9 2.9 4.6 4.6
VIETINBANK 2 2.3 3.3 3.3 4.7 4.7
VPBANK 3.1 3.5 4.7 4.7 5.2 5.2