Many banks increase savings interest rates

(NLDO) - Since the beginning of 2025, many banks have increased savings interest rates, some even increased daily interest rates to attract customers.

New statistics from the Representative Office of the Vietnam Banks Association (VNBA) in Ho Chi Minh City show that in the past 6 weeks (from the beginning of 2025 to present), 7/36 commercial banks have adjusted interest rates up; 3 banks have reduced interest rates and 2 banks have simultaneously increased and decreased interest rates for some terms.

Of which, Eximbank sharply increased interest rates by 0.9 percentage points for 9-month terms deposited at the counter and online, to 5.2% and 5.4%/year. Terms from 12-36 months online also sharply increased by 0.4 - 1 percentage point, to 5.6% - 6.6%/year. Currently, the highest interest rate at this bank is 6.6%/year for 24-36 months online, which is also the highest rate in the system for amounts under 200 billion VND.

BVBank increased 0.32 percentage points for 36-month term at the counter, to 6.32%/year. Term deposits from 15-24 months online at this bank are currently listed at the highest interest rate in the system at 6.25-6.45%/year.

Other banks such as BaoVietBank, Vietbank, Kienlongbank, VietABank, BIDV... increased deposit interest rates by 0.1-0.3 percentage points, applied when customers deposit at the counter and online.

Banks increase capital mobilization to meet credit demand expected to increase by about 16% this year.

Currently, the highest 3-month savings interest rate is about 4.1 - 4.3%/year at Oceanbank, Vikki Bank, VCBNeo, OCB, NCB, Vietbank, BaoVietBank.

If customers deposit for 6 months, the interest rates start to have a big difference. In which, the highest interest rate from 5%/year is at BVBank, Vietbank, Oceanbank, HDBank, Eximbank, Vikki Bank, VCBNeo...

Banks are increasing their mobilization of savings deposits amid a credit growth target of about 16% this year.

Some banks implement preferential interest rate programs, add interest rates or calculate daily interest rates to attract depositors.

VIB said that with the Super Yield account on the MyVIB digital banking platform, when customers activate this feature on their VIB payment account, they will optimize their daily profits with a yield up to 43 times higher than usual.

For example, if the balance in a customer's MyVIB account is 15 million VND, if the standard threshold of 10 million VND is selected, the remaining 5 million VND will be activated to calculate daily interest, up to a maximum of 4.3%/year.

At Cake digital bank, customers who deposit for a 6-month term with an interest rate of 5.9%/year will receive an additional 0.3 percentage points.

According to statistics from MBS Securities Company, in January 2025, 12 banks increased their deposit interest rates by 0.1 - 0.9%/year. The trend of increasing deposit interest rates occurred mainly in small-scale commercial banks when preparing large capital sources to serve this year's credit plan.

Source: https://nld.com.vn/nhieu-ngan-hang-tang-lai-suat-tien-gui-tiet-kiem-196250218113525586.htm