After reducing interest rates by 0.2% for terms from 1-5 months yesterday, Techcombank has suddenly increased interest rates again, by 0.2%/year for terms from 1-11 months.

Techcombank applies interest rates to 3 different deposit levels including under 1 billion VND, from 1 billion VND to under 3 billion VND, and from 3 billion VND. The interest rate difference between the limits is 0.2%/year.

For online deposit accounts under 1 billion VND, the interest rate for 1-2 month terms is 3.35%/year, 3-5 month terms is 3.65%/year, 6-11 month terms is 4.65%/year. The interest rate for 12-36 month terms remains at 4.85%/year.

With online deposits from 1 billion VND to under 3 billion VND, interest rates for 1-2 month terms are 3.45%/year, 3-5 months are 3.75%/year, 6-11 months are 4.7%/year, and 12-36 months are 4.9%/year.

For online deposit accounts from 3 billion VND or more, the interest rate for 1-2 month terms is 3.55%/year, 3-5 months 3.85%/year, 6-11 months 4.75%/year. The highest listed savings interest rate is 4.95%/year, applied for terms of 12-36 months.

Techcombank also has a policy of adding 0.5%/year interest rate for the first deposit account with terms of 3, 6 and 12 months. Therefore, the highest mobilization interest rate at Techcombank in reality can be higher than 5%/year.

In addition, the interest rate for priority customers with increased deposit balance will be added 0.3%/year interest rate when depositing for a term of 3-5 months.

A notable development in the market is the upward trend in most interbank interest rate terms .

According to the announcement on February 3 of the State Bank of Vietnam (SBV) on the developments of the foreign exchange market and the interbank market from January 13-17, the average interest rates of some key terms such as: Overnight, 1 week, and 1 month terms increased from about 0.05%/year to 0.18%/year, respectively to 4.22%/year; 4.44%/year and 4.92%/year.

According to reports from credit institutions and foreign bank branches through the statistical reporting system, the transaction turnover in the interbank market in VND during the period reached approximately VND 2,038,559 billion, an average of VND 407,712 billion/day, an increase of VND 9,143 billion/day compared to the previous week. The transaction turnover in USD converted to VND during the week reached approximately VND 383,292 billion, an average of VND 76,658 billion/day, an increase of VND 931 billion/day compared to the previous week.

By maturity, VND transactions are mainly concentrated in overnight terms (91% of total VND transaction turnover). For USD transactions, the terms with the largest turnover are overnight and 1-week terms with proportions of 70% and 22% respectively.

For USD transactions, the average interest rate tends to decrease slightly in most terms, except for 1-month and 3-month terms. Specifically, overnight and 1-week interest rates decreased by 0.04%/year and 0.08%/year, respectively, to 4.31%/year and 4.33%/year. The 1-month interest rate increased slightly by 0.01%/year to 4.53%/year.

INTEREST RATE TABLE FOR ONLINE DEPOSITS OF BANKS ON FEBRUARY 4, 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 4 5.5 5.6 5.8 5.6
ACB 3.1 3.5 4.2 4.3 4.9
BAC A BANK 3.75 4.05 5.2 5.3 5.7 6.1
BAOVIETBANK 3.3 4.35 5.45 5.5 5.8 6
BVBANK 3.95 4.15 5.45 5.75 6.05 6.35
DONGA BANK 4.1 4.3 5.55 5.7 5.8 6.1
EXIMBANK 4 4.3 5.3 4.5 5.5 6.7
GPBANK 3.5 4.02 5.35 5.7 6.05 6.15
HDBANK 3.85 3.95 5.3 5.7 5.6 6.1
IVB 4 4.35 5.35 5.35 5.95 6.05
KIENLONGBANK 4.3 4.3 5.8 5.8 6.1 6.1
LPBANK 3.6 3.9 5.1 5.1 5.5 5.8
MBV 4.3 4.6 5.5 5.6 5.8 6.1
MSB 4.1 4.1 5 5 6.3 5.8
NAM A BANK 4.3 4.5 5 5.2 5.6 5.7
NCB 4.1 4.3 5.45 5.55 5.7 5.7
OCB 4 4.2 5.2 5.2 5.3 5.5
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
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 5 5.1 5.5 5.8
TECHCOMBANK 3.35 3.65 4.65 4.65 4.85 4.85
TPBANK 3.7 4 4.8 5.3 5.5
VCBNEO 4.15 4.35 5.85 5.8 6 6
VIB 3.8 3.9 4.9 4.9 5.3
VIET A BANK 3.7 4 5.2 5.4 5.7 5.9
VIETBANK 4.2 4.4 5.4 5 5.8 5.9
VPBANK 3.8 4 5 5 5.5 5.5