Exactly 4 months after the most recent adjustment, Loc Phat Vietnam Commercial Joint Stock Bank ( LPBank ) officially reduced its deposit interest rates from March 4, with a reduction of 0.1%/year applied to terms from 18-36 months.

According to LPBank's latest online interest rate schedule for individuals, interest rates for terms from 18-36 months are listed at 5.7%/year - the highest rate at LPBank at present.

LPBank keeps the online deposit interest rates for the remaining terms unchanged: 1-month term interest rate 3.6%/year, 2-month term 3.7%/year, 3-5 month term 3.9%/year, 6-11 month term 5.1%/year and 12-16 month term 5.5%/year.

Interest rates at Indovina Joint Venture Bank (IVB) were adjusted for the first time in 2025 with a decrease of 0.05-0.25 percentage points for deposit terms from 3-24 months.

According to the interest rate schedule for individual customers just announced by IVB, the interest rates for 1 and 2 month terms remain unchanged, at 4% and 4.1%/year, respectively.

Thus, IVB is the next bank to officially leave the interest rate mark from 6%/year after adjusting down.

Previously, this bank listed savings interest rates for terms of 13-18 months at 6.05%/year and savings interest rates for terms of 24 months or more at 6.2%/year.

The latest 3-month deposit interest rate is 4.3%/year (down 0.05%), 6-9 month term is 5.25%/year (down 0.1%), 12-month term is 5.8%/year (down 0.15%), 13-month term is 5.85% (down 0.2%), 18-month term is 5.9%/year (down 0.15%), and terms of 24 months or more now have a new interest rate of 5.95%/year (down 0.25%).

PGBank also reduced interest rates, with a reduction of 0.2%/year for 24-36 month term interest rates down to 5.7%/year. This is also PGBank's highest mobilization interest rate at this time.

PGBank keeps the interest rates for the remaining terms as follows: 1-month term 3.4%/year, 2-month term 3.5%/year, 3-month term 3.8%/year, 6-9-month term 5%/year, 12-month term 5.5%/year, 13-month term 5.6%/year, 18-month term 5.8%/year.

According to statistics, there are 7 banks that reduced deposit interest rates in March including: PGBank, Viet A Bank, Kienlongbank, Bac A Bank , Eximbank, IVB, LPBank.

Previously, statistics from the State Bank of Vietnam on March 3 showed that 10 banks reduced interest rates on deposits at the counter and 7 banks reduced interest rates on online deposits since the meeting between the State Bank of Vietnam and commercial banks on February 25 on interest rates.

While many banks are reducing their deposit interest rates, some banks are making “strange” moves. For example, MBV Bank (OceanBank) suddenly stopped publicly posting its deposit interest rate schedule on its website since the beginning of March.

At the same time, Hong Leong Vietnam Joint Venture Bank kept the deposit interest rate unchanged, and suddenly launched an additional interest rate for priority customers with interest rates 0.3-0.4% higher per year than the normal interest rate for individual customers.

Accordingly, the deposit interest rates for priority customers at Hong Leong Vietnam are listed as follows: 1-month term 3.65%/year (0.4% higher/year than the interest rate for regular individual customers); 3-month term 3.95%/year (0.4% higher/year); 6-month term 4.8%/year (0.35% higher); 9-month term 4.75%/year (0.3% higher); 12-13-month term 5.05%/year (0.3% higher).

INTEREST RATE TABLE FOR ONLINE DEPOSITS ON MARCH 4, 2025 AT BANKS (%/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 3.5 3.8 4.95 5.05 5.4 5.8
BAOVIETBANK 3.5 4.35 5.45 5.5 5.8 6
BVBANK 3.95 4.15 5.35 5.5 5.8 6
EXIMBANK 4.1 4.4 5.2 5.2 5.5 6
GPBANK 3.5 4.02 5.35 5.7 6.05 6.15
HDBANK 3.85 3.95 5.3 4.7 5.6 6.1
HONG LEONG 3.25 3.55 4.45 4.45 4.75
IVB 4 4.3 5.25 5.25 5.8 5.9
KIENLONGBANK 4.1 4.1 5.4 5.4 5.5 5.5
LPBANK 3.6 3.9 5.1 5.1 5.5 5.7
MB 3.7 4 4.6 4.6 5.1 5.1
MBV 4.3 4.6 5.5 5.6 5.8 6.1
MSB 3.9 3.9 5 5 5.6 5.6
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 5.6 5.8
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 3.5 3.8 4.8 4.9 5.2 5.5
VCBNEO 4.15 4.35 5.85 5.8 6 6
VIB 3.7 3.8 4.8 4.8 4.9 5.2
VIET A BANK 3.7 4 5.2 5.4 5.7 5.9
VIETBANK 4.1 4.4 5.4 5.4 5.8 5.9
VIKKI BANK 4.4 4.4 5.6 5.7 5.9 5.9
VPBANK 3.8 4 5 5 5.5 5.5