Bank interest rates today March 31, 2025: Continue to reduce interest rates

Many banks adjust interest rates down for terms from 6 to 24 months.

On March 31, 2025, many banks simultaneously announced a reduction in deposit interest rates. Notably, the reduction was mainly concentrated in terms of 6 to 24 months, causing many fluctuations in the deposit market. BVBank was one of the first banks to make this move at the end of March, causing a significant impact on the psychology of depositors and investors.

Specifically, BVBank has sharply reduced interest rates for popular terms. The 6-month term is now only 5.15%/year, the 7-month term is down to 5.2%/year. Terms from 8 to 12 months have also been adjusted to 5.25% to 5.6%/year. For longer terms such as 15, 18 and 24 months, interest rates have been reduced to 5.8%, 5.9% and 5.95%/year, respectively.

This is part of a general trend when financial market interest rates fluctuate.

Since the beginning of March, about 20 banks have reduced interest rates, including many large banks such as PGBank, VietABank, Eximbank, Techcombank, BIDV and MBV.

Bank interest rates today March 31, 2025: Continue to reduce interest rates

Some banks apply exceptionally high interest rates.

Although the general level has decreased, some banks still apply exceptionally high interest rates but with strict conditions.

ABBank is currently listing the highest interest rate of up to 9.65%/year, but only applies to deposits of VND 1,500 billion or more with a term of 13 months.

PVcomBank also offers a rate of 9%/year for customers depositing at the counter for 12 to 13 months, requiring a minimum balance of VND2,000 billion.

HDBank is offering an interest rate of 8.1%/year for a 13-month term and 7.7%/year for a 12-month term, however, the condition is that a minimum deposit of VND 500 billion must be made.

Vikki Bank and Bac A Bank also have high interest rates, but both require very large deposits, from several hundred billion VND or more.

The bank has announced an interest rate of over 6%

In addition, some banks have announced interest rates above 6% for long terms without requiring a minimum deposit.

Cake by VPBank, Vikki Bank, VietABank and HDBank are currently applying this attractive interest rate for terms from 12 to 36 months.

In particular, Cake by VPBank is applying a rate of 6%/year for terms from 12 to 18 months, and 6.3%/year for terms from 24 to 36 months.

VietABank and HDBank also maintain interest rates between 6% and 6.1% for long-term depositors without strict balance requirements.

Source: https://baonghean.vn/lai-suat-ngan-hang-hom-nay-31-3-2025-tiep-tuc-giam-lai-suat-10294121.html