Bao Viet Commercial Joint Stock Bank (BVBank ) has just become the next bank to reduce deposit interest rates in the days leading up to the Lunar New Year 2024.

According to the online deposit interest rate table just announced on February 6, BVBank reduced 0.2 percentage points of deposit interest rates for terms from 6-12 months.

Accordingly, the bank interest rate for 6-month term is 4.65%/year, 7-month term is 4.7%/year, 8-month term is 4.75%/year, 9-month term is 4.8%/year, 10-month term is 4.85%/year, 11-month term is 4.9%/year, 12-month term is 4.95%/year.

However, BVBank slightly increased the interest rate for long-term deposits by 0.1 percentage points. Accordingly, the interest rate for 15-month term is 5.55%/year, 18-month term increases to 5.65%/year, and 24-month term is 5.75%/year.

BVBank keeps deposit interest rates for terms from 1-5 months at 3.65-3.85%/year.

Also today, Kien Long Commercial Joint Stock Bank ( KienLong Bank ) continued to reduce deposit interest rates by 0.25 percentage points for 1-5 month term deposits and 0.1 percentage points for 6-9 month term deposits.

Accordingly, the interest rate for 1-5 month savings at KienLong Bank has been reduced to 3.5%/year; the interest rate for 6 month savings has been reduced to 4.5%/year, and the interest rate for 9 month savings has been reduced to 4.7%/year.

KienLong Bank keeps the interest rates for the remaining terms at the same level, 12-month term is 4.9%/year, 13-month term is 5%/year, 15-month term is 5.1%/year, 18-36-month term has the highest interest rate of 5.4%/year.

Meanwhile, Vietnam Export Import Commercial Joint Stock Bank ( Eximbank ) today simultaneously reduced interest rates by 0.1 percentage points for deposit terms from 1-36 months.

According to the new deposit interest rate schedule of this bank, the interest rate for 1-month term deposits is 3.1%/year, 2-month term deposits is 3.2%/year, 3-month term deposits is 3.4%/year, and 4-5-month term deposits has an interest rate of 3.7%/year.

Eximbank reduced the interest rate for 6-9 month term deposits to 4.3%/year, 10-12 month term deposits to 4.8%/year, 15 month term deposits to 5%/year, 24-36 month term deposits to 5.1%/year and 60 month term deposits to 5.2%/year.

Also extending the list of banks reducing interest rates is the Vietnam International Commercial Joint Stock Bank ( VIB ). However, this bank only adjusted the interest rate for 1-2 month term deposits down from 3.2% to 3%/year.

VIB keeps the interest rates for the remaining deposit terms unchanged, in which the online mobilization interest rate for 3-5 month terms is 3.4%/year, 6-11 month terms has an interest rate of 4.5%/year, and 15-18 month terms is 5.2%/year.

The highest bank interest rate at VIB is currently 5.3%/year, applied to term deposits from 24-36 months.

Similar to VIB, Asia Commercial Joint Stock Bank ( ACB ) also only adjusted deposit interest rates for 1-month terms.

Accordingly, the 1-month deposit interest rate at ACB decreased by 0.3 percentage points to 2.6%/year. The interest rates for the remaining terms remained unchanged. The 2-3 month term has an interest rate of 3-3.2%/year, the 6-month term has an interest rate of 3.9%/year, the 9-month term has an interest rate of 4.2%/year and the 12-month term has an interest rate of 4.8%/year.

Thus, since the beginning of February 2024, 11 banks have reduced deposit interest rates, including: LPBank, Sacombank, NCB, Viet A Bank, SeABank, Techcombank, ACB, VIB, Eximbank, BVBank, KienLong Bank.

HIGHEST DEPOSITS INTEREST RATES ON FEBRUARY 6
BANK 1 MONTH 3 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS 18 MONTHS
CBBANK 4.2 4.3 5.1 5.2 5.4 5.5
ABBANK 3.15 3.35 5 4.4 4.4 4.4
VIETBANK 3.5 3.7 4.9 5 5.3 5.8
BAC A BANK 3.6 3.8 4.9 5 5.2 5.6
DONG A BANK 3.9 3.9 4.9 5.1 5.4 5.6
NCB 3.9 4.1 4.85 4.95 5.3 5.8
HDBANK 3.15 3.15 4.8 4.6 5 5.9
PVCOMBANK 2.85 2.85 4.8 4.8 4.9 5.2
BAOVIETBANK 3.5 3.85 4.8 4.9 5.3 5.5
GPBANK 2.9 3.42 4.75 4.9 4.95 5.05
BVBANK 3.65 3.75 4.65 4.8 5.95 5.55
VIET A BANK 3.2 3.5 4.6 4.6 5.1 5.4
SHB 2.9 3.3 4.6 4.8 5 5.2
OCB 3 3.2 4.6 4.7 4.9 5.4
NAMA BANK 2.9 3.4 4.6 4.9 5.4 5.8
KIENLONGBANK 3.5 3.5 4.5 4.7 4.9 5.4
PGBANK 3.1 3.5 4.5 4.7 5.2 5.4
VIB 3 3.4 4.5 4.5 5.2
OCEANBANK 3.1 3.3 4.4 4.6 5.1 5.5
VPBANK 3.1 3.3 4.4 4.4 5 5
EXIMBANK 3.1 3.4 4.3 4.3 4.8 5
SACOMBANK 2.6 2.8 4.2 4.5 5 5.6
LPBANK 2.6 2.7 4 4.1 5 5.6
TPBANK 2.8 3 4 4.8 5
SEABANK 3.2 3.4 3.9 4.1 4.75 5
MSB 3.5 3.5 3.9 3.9 4.3 4.3
SAIGONBANK 2.5 2.7 3.9 4.1 5 5.4
ACB 2.6 3.2 3.9 4.2 4.8
MB 2.6 2.9 3.9 4.1 4.8 5.2
TECHCOMBANK 2.35 2.65 3.75 3.8 4.75 4.75
BIDV 2 2.3 3.3 3.3 4.8 4.8
AGRIBANK 1.7 2 3.2 3.2 4.8 4.8
VIETINBANK 1.9 2.2 3.2 3.2 4.8 4.8
SCB 1.75 2.05 3.05 3.05 4.75 4.75
VIETCOMBANK 1.7 2 3 3 4.7 4.7