After increasing the mobilization interest rate to the highest level of 6.15%/year for deposit accounts under 1 billion VND with a term of 18-36 months, Bac A Commercial Joint Stock Bank (Bac A Bank) has just increased the interest rate to 6.35%/year for customers depositing over 1 billion VND.

Accordingly, the mobilization interest rate for customers depositing over 1 billion VND increased to 6%/year for a 12-month term. The mobilization interest rate for a 13-15 month term increased to 6.05%/year. Notably, the mobilization interest rate for a 18-36 month term increased to the highest level of 6.35%/year. This is also the highest mobilization interest rate on the market today.

Interest rates for the remaining terms are higher than the general market level. Bank interest rates for 9-11 month terms are 5.7%/year, and for 6-8 month terms are 5.6%/year.

Previously, Bac A Bank increased deposit interest rates for the second time this month, by 0.15% per year for terms of 1-11 months, 0.1% per year for terms of 12-15 months, and a sharp increase of 0.3% per year for terms of 18-36 months.

Currently, the highest interest rate for deposit accounts under 1 billion VND at Bac A Bank is up to 6.15%/year for a term of 18-36 months.

Meanwhile, the interest rate for 1-2 month term is 3.95%/year, 3 month term is 4.25%/year, 4-5 month term is 4.35-4.45%/year respectively. The interest rate for 6-8 month term is 5.4%/year, 9-11 month term is 5.5%/year.

Loc Phat Vietnam Joint Stock Commercial Bank (LPBank) has just reduced its deposit interest rates. This is the second time in October that the bank has adjusted its deposit interest rates after a sharp increase of 0.3-0.6%/year for 1-16 month terms.

According to the online interest rate table, the 1-5 month term has decreased by 0.3%/year. Currently, the interest rate for the 1-2 month term is 3.6%/year, and for the 3-5 month term is 3.8%/year.

Interest rates for terms from 6-60 months have all decreased by 0.2%/year. Terms from 6-11 months are now 5%/year, 12-16 months are now 5.4%/year, and 18-60 months are now 5.7%/year.

Since the beginning of October, the number of banks adjusting deposit interest rates is not much, including: ABBank (increasing terms of 3 months, 6-12 months, and 15-24 months), NCB (increasing terms of 1-6 months), Agribank (increasing terms of 1-5 months), Techcombank (3-5 months), MSB, LPBank, Eximbank, Bac A Bank also increased some terms.

In particular, Bac A Bank is the first bank to increase interest rates twice in the same month.

On the contrary, Agribank reduced 0.1%/year deposit interest rates for terms of 6-11 months and Techcombank reduced 0.1%/year interest rates for terms of 1-36 months, NCB reduced from 0.1-0.35% interest rates for terms of 13-60 months, VPBank reduced 0.2%/year interest rates for terms of 6-36 months, while CB reduced 0.05-0.1%/year for terms of 6 months or more, and LPBank reduced interest rates for all terms.

INTEREST RATES FOR ONLINE DEPOSITS AT BANKS ON OCTOBER 30, 2024 (%/YEAR)
BANK 1 MONTH 3 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS 18 MONTHS
AGRIBANK 2.2 2.7 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 3.9 5.3 5.5 5.9 6.2
ACB 3.1 3.5 4.2 4.3 4.9
BAC A BANK 3.95 4.25 5.4 5.5 5.8 6.15
BAOVIETBANK 3.3 4 5.2 5.4 5.8 6
BVBANK 3.8 4 5.2 5.5 5.8 6
CBBANK 3.8 4 5.5 5.45 5.65 5.8
DONG A BANK 3.9 4.1 5.55 5.7 5.8 6.1
EXIMBANK 3.9 4.3 5.2 4.5 5.2 5.8
GPBANK 3.2 3.72 5.05 5.4 5.75 5.85
HDBANK 3.85 3.95 5.1 4.7 5.5 6.1
KIENLONGBANK 3.7 3.7 5.2 5.3 5.6 5.7
LPBANK 3.6 3.8 5 5 5.4 5.7
MB 3.3 3.7 4.4 4.4 5.1 5
MSB 3.9 3.9 4.8 4.8 5.6 5.6
NAM A BANK 3.8 4.1 5 5.2 5.6 5.7
NCB 3.9 4.2 5.55 5.65 5.8 5.8
OCB 3.9 4.1 5.1 5.1 5.2 5.4
OCEANBANK 4.1 4.4 5.4 5.5 5.8 6.1
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 5.8 6
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 3.25 3.55 4.55 4.55 4.85 4.85
TPBANK 3.5 3.8 4.7 5.2 5.4
VIB 3.2 3.6 4.6 4.6 5.1
VIET A BANK 3.4 3.7 4.8 4.8 5.4 5.7
VIETBANK 3.8 4 5.2 5 5.6 5.9
VPBANK 3.6 3.8 4.8 4.8 5.3 5.3