After three major banks, BIDV, VietinBank and Techcombank, simultaneously reduced their deposit interest rates yesterday, this morning (November 30), it was Agribank, Vietcombank and MBBank’s turn to announce reductions in deposit interest rates. These are all banks that have reduced interest rates for the first time in November.
With Agribank, this bank reduces interest rates for deposit terms from 1 month to 18 months.
Accordingly, Agribank's online deposit interest rate for 1-2 month terms was reduced by 0.2%/year to 3.2%/year; the interest rate for 3-5 month terms was reduced by 0.25%/year to 3.6%/year.
For online deposits with terms of 6 to 9 months, Agribank adjusted down 0.2%/year to 4.5%/year.
Meanwhile, the interest rate for 12-18 month term deposits was also reduced by 0.2%/year by this "big guy", down to 5.3%/year.
However, Agribank maintains the interest rate of 5.5%/year for 24-month term deposits. This is also the term with the highest interest rate at Agribank at this time.
Surprisingly, Vietcombank, which currently has the lowest interest rate on the market, did not stand aside when the three Big 4 banks, Agribank, BIDV and VietinBank, reduced their interest rates.
According to the interest rate schedule announced this morning, Vietcombank reduced 0.2%/year interest rates for all terms.
Accordingly, the online mobilization interest rate for a term of 1-2 months is only 2.4%/year; for a term of 3-5 months is only 2.7%/year; for a term of 6-11 months is only 3.7%/year and for a term of 12-24 months is only 4.8%/year.
With the above interest rate adjustment by major banks, the lowest term deposit interest rate in the market is now only 2.4%/year.
| COMPARE CURRENT INTEREST RATES OF BIG4 BANKS (%/year) | ||||||
| BANK | 1 MONTH | 3 MONTHS | 6 MONTHS | 9 MONTHS | 12 MONTHS | 18 MONTHS |
| VIETCOMBANK | 2.4 | 2.7 | 3.7 | 3.7 | 4.8 | 4.8 |
| VIETINBANK | 3.2 | 3.6 | 4.5 | 4.5 | 5.3 | 5.3 |
| BIDV | 3.2 | 3.5 | 4.5 | 4.5 | 5.3 | 5.3 |
| AGRIBANK | 3.2 | 3.6 | 4.5 | 4.5 | 5.3 | 5.3 |
Today, interest rates at the Military Commercial Joint Stock Bank (MB) also decreased significantly for terms of 1-18 months.
According to MB's online deposit interest rate table, deposit interest rates for terms of 1 to 5 months have all decreased by 0.2%/year.
Accordingly, the bank interest rate for 1-month term is 3.3%/year, 2-month term is 3.5%/year, 3-month term is 3.6%/year, 4 and 5-month term is 3.7%/year.
MB has adjusted the online deposit interest rate for 6-11 month terms down by 0.3%/year. Therefore, the interest rate for 6-8 month terms is 4.8%/year, the interest rate for 9-10 month terms is 4.9%/year, and the interest rate for 11 month terms is 5%/year.
For 12-15 month term deposits, the interest rate is adjusted down by 0.2%/year. Currently, 12-month term deposits have an interest rate of 5.2%/year, 13-15 month term deposits have an interest rate of 5.3%/year.
MB reduced the 18-month term bank interest rate by 0.4%/year to 5.7%/year.
Meanwhile, interest rates on long-term deposits from 24-60 months are still listed by MB at the highest level in the market, remaining at 6.5%/year.
Apart from MB, Agribank and Vietcombank, interest rates at other banks remain unchanged.
Thus, from November to now, 32 banks have reduced deposit interest rates: Sacombank, NCB, VIB, BaoVietBank, Nam A Bank, VPBank, VietBank, SHB, Techcombank, Bac A Bank, KienLongBank, ACB, Dong A Bank, PG Bank, PVCombank, VietA Bank, SCB, Eximbank, OceanBank, BVBank, OCB, TPBank, CBBank, HDBank, SeABank, GPBank, Saigonbank, BIDV, VietinBank, Agribank, Vietcombank, MB.
Of which, VietBank, Dong A Bank, VIB, NCB, OCB, Bac A Bank, Sacombank, BaoVietBank, BVBank are the banks that have reduced interest rates twice this November.
Techcombank alone has reduced interest rates three times since the beginning of the month.
On the contrary, VIB, OCB and BIDV are the banks that have increased their deposit interest rates since the beginning of the month. With OCB, the bank increased interest rates for terms from 18-36 months. Meanwhile, BIDV increased interest rates for terms from 6-36 months, VIB increased interest rates for terms from 2-5 months.
| HIGHEST DEPOSITS INTEREST RATE TABLE ON NOVEMBER 30 (%/year) | ||||||
| BANK | 1 MONTH | 3 MONTHS | 6 MONTHS | 9 MONTHS | 12 MONTHS | 18 MONTHS |
| HDBANK | 3.85 | 3.85 | 5.7 | 5.5 | 5.9 | 6.5 |
| PVCOMBANK | 3.65 | 3.65 | 5.6 | 5.6 | 5.7 | 6 |
| OCEANBANK | 4.3 | 4.5 | 5.5 | 5.6 | 5.8 | 5.8 |
| VIETBANK | 3.8 | 4 | 5.4 | 5.5 | 5.8 | 6.2 |
| KIENLONGBANK | 4.55 | 4.75 | 5.4 | 5.6 | 5.7 | 6.2 |
| VIET A BANK | 4.4 | 4.4 | 5.4 | 5.4 | 5.7 | 6.1 |
| NCB | 4.25 | 4.25 | 5.35 | 5.45 | 5.7 | 6 |
| BAOVIETBANK | 4.2 | 4.55 | 5.3 | 5.4 | 5.6 | 6 |
| GPBANK | 4.05 | 4.05 | 5.25 | 5.35 | 5.45 | 5.55 |
| SHB | 3.5 | 3.8 | 5.2 | 5.4 | 5.6 | 6.1 |
| BAC A BANK | 3.8 | 4 | 5.2 | 5.3 | 5.5 | 5.85 |
| LPBANK | 3.8 | 4 | 5.1 | 5.2 | 5.6 | 6 |
| OCB | 3.8 | 4 | 5.1 | 5.2 | 5.4 | 6.1 |
| CBBANK | 4.2 | 4.3 | 5.1 | 5.2 | 5.4 | 5.5 |
| VIB | 3.8 | 4 | 5.1 | 5.2 | 5.6 | |
| BVBANK | 3.8 | 3.9 | 5.05 | 5.2 | 5.5 | 5.55 |
| EXIMBANK | 3.6 | 3.9 | 5 | 5.3 | 5.6 | 5.7 |
| MSB | 3.8 | 3.8 | 5 | 5.4 | 5.5 | 6.2 |
| VPBANK | 3.7 | 3.8 | 5 | 5 | 5.3 | 5.1 |
| SCB | 3.75 | 3.95 | 4.95 | 5.05 | 5.45 | 5.45 |
| NAMA BANK | 3.6 | 4.2 | 4.9 | 5.2 | 5.7 | 6.1 |
| SAIGONBANK | 3.3 | 3.5 | 4.9 | 5.1 | 5.4 | 5.6 |
| PGBANK | 3.4 | 3.6 | 4.9 | 5.3 | 5.4 | 6.2 |
| DONG A BANK | 3.9 | 3.9 | 4.9 | 5.1 | 5.4 | 5.6 |
| ABBANK | 3.7 | 4 | 4.9 | 4.9 | 4.7 | 4.4 |
| MB | 3.3 | 3.6 | 4.8 | 4.9 | 5.2 | 5.7 |
| TPBANK | 3.6 | 3.8 | 4.8 | 5.35 | 5.7 | |
| SACOMBANK | 3.6 | 3.8 | 4.7 | 4.95 | 5 | 5.1 |
| TECHCOMBANK | 3.55 | 3.75 | 4.65 | 4.7 | 5.05 | 5.05 |
| SEABANK | 3.8 | 4 | 4.6 | 4.75 | 5.1 | 5.1 |
| ACB | 3.3 | 3.5 | 4.6 | 4.65 | 4.7 | |
| AGRIBANK | 3.2 | 3.6 | 4.5 | 4.5 | 5.3 | 5.3 |
| BIDV | 3.2 | 3.5 | 4.5 | 4.5 | 5.3 | 5.3 |
| VIETINBANK | 3.2 | 3.6 | 4.5 | 4.5 | 5.3 | 5.3 |
| VIETCOMBANK | 2.4 | 2.7 | 3.7 | 3.7 | 4.8 | 4.8 |
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