Saigon - Hanoi Commercial Joint Stock Bank (SHB) has just increased interest rates for short-term deposits from 1-5 months from today, an increase of 0.2%/year.

Accordingly, the online deposit interest rate for 1-2 month term at SHB is increased to 3.5%/year, while the interest rate for 3-5 month term also increases to 3.6%/year.

SHB keeps the interest rates unchanged for the remaining terms: 6-8 month term has an interest rate of 4.7%/year, 9-11 month term is listed at 4.8%/year.

From the deposit term of 12 months or more, SHB's interest rate is listed at over 5%/year (from May 2024). The bank interest rate for 12-month term announced by SHB is 5.2%/year, 13-15 month terms have interest rates of 5.3%/year, 18-month terms have interest rates of 5.5%/year, 24-month terms have interest rates of 5.8%/year.

The highest mobilization interest rate listed by SHB is up to 6.1%/year, applied for terms of 36 months or more.

In addition to SHB, some banks are listing deposit interest rates from 6%/year or higher, focusing on long terms.

Specifically, BVBank pays an interest rate of 6%/year for term deposits of 18-36 months; OCB also applies this interest rate to term deposits of 36 months; HDBank pays an interest rate of 6.1%/year for term deposits of 18 months; NCB and OceanBank both pay an interest rate of 6.1%/year for term deposits of 18-36 months; SHB pays an interest rate of 6.1%/year for term deposits of 36 months or more; and ABBank pays the highest interest rate of 6.2%/year for term deposits of 12 months.

SeABank pays interest rate of 6%/year for term deposits of 18-36 months with deposits from 100 million to under 500 million VND. For deposits from 3 billion or more, interest rate is up to 6.2%/year.

SHB is the only bank to adjust interest rates this morning, bringing the total number of commercial banks that have increased interest rates since the beginning of July to 18 banks, including: NCB, Eximbank, SeABank, VIB, BaoViet Bank, Saigonbank, VietBank, MB, BVBank, KienLong Bank, VPBank, PVCombank, PGBank, Sacombank, BIDV, ABBank, Bac A Bank and SHB.

Of which, VietBank is the only bank to have increased interest rates for the third time since the beginning of the month; Saigonbank, ABBank and VIB also increased deposit interest rates for the second time this month.

HIGHEST DEPOSITS INTEREST RATES AT BANKS ON JULY 30, 2024 (%/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 4.1 5.3 5.7 6.2 5.7
ACB 2.8 3.1 3.9 4 4.7
BAC A BANK 3.7 3.9 5.15 5.25 5.75 5.85
BAOVIETBANK 3.1 3.9 5.1 5.2 5.6 5.9
BVBANK 3.7 3.8 5.1 5.5 5.8 6
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 4.3 5.2 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 3.7 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 4.7 4.4 4.4 5.1 5
MSB 4.7 4.7 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 3.7 5 5 5.5 5.8
PVCOMBANK 3.35 3.55 4.5 4.7 5.1 5.8
SACOMBANK 3 3.3 4.1 4.3 4.9 5.1
SAIGONBANK 3 3.3 4.5 4.6 5.5 5.7
SCB 1.6 1.9 2.9 2.9 3.7 3.9
SEABANK 3.2 3.7 4.4 4.54 5.25 6
SHB 3.5 3.6 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 3.1 3.4 4.4 4.4 4.9
VIET A BANK 3.4 3.7 4.8 4.8 5.4 5.7
VIETBANK 3.6 3.8 4.9 5 5.4 5.9
VPBANK 3.1 3.6 4.8 4.8 5.3 5.3