On October 3, Vietcombank reduced the interest rate for deposits of 3 months or more by 0.2 percentage points. The online interest rate for 3-5 month terms is down to 3.3%/year. The 6-11 month term is down to 4.3%/year and the 12-24 month term is down to 5.3%/year. This is the lowest interest rate for this bank.
Vietcombank keeps the interest rate for 1-2 month term at 3%/year.
The remaining three banks in the “Big 4” group remained “inactive”. At 8:00 a.m. on October 4, the interest rates of these banks remained unchanged. In fact, the mobilization interest rates of the group of state-owned commercial banks were much lower than the general banking interest rate level.
The online deposit interest rate for a 1-2 month term at BIDV is currently 3.2%/year, while the same term at VietinBank and Agribank is 3.4%/year.
Interest rate for 3-5 month term deposits at BIDV is 3.7%/year, while at Agribank and VietinBank it is 3.85%/year.
Interest rate for 6-11 month term deposits at BIDV is 4.6%/year while at Agribank and VietinBank it is 4.7%/year.
For deposits with terms from 12-36 months, all three banks are applying the same interest rate of 5.5%/year.
Today, Vietnam Thuong Tin Commercial Joint Stock Bank (VietBank) reduced 0.2 percentage points of interest rates for 1-5 month deposits and 0.3 percentage points for 6-13 month deposits.
Specifically, the 1-5 month term at VietBank is 4.55%/year, the 6-8 month term is 5.7%/year, the 9-11 month term is only 5.8%/year, while the 12-13 month term is 6 and 6.1%/year respectively.
The term from 15-36 months remains at 6.8%/year, this is the highest interest rate currently of this bank.
Dong A Commercial Joint Stock Bank (Dong A Bank) also sharply reduced deposit interest rates today by 0.5 percentage points for deposits with terms from 6-13 months and by 0.7 percentage points for deposits with terms from 18-36 months.
Interest rates for 6-8 month terms have dropped to 5.7%/year, 9-11 month terms to 5.8%/year, and 12 month terms to 6.05%/year. 13 month terms are now 6.3%/year and are also the deposit terms with the highest interest rates at Dong A Bank.
Meanwhile, the 18-36 month term, after a 0.7 percentage point reduction, is now 6.05%/year. The interest rate for the 1-5 month terms remains at 4.5%/year.
Notably, GPBank unexpectedly increased interest rates for terms from 6-36 months. The 1-5 month term remains at 4.25%/year. However, the 6 month term increased by 0.3 percentage points compared to yesterday.
GPBank also adjusted the interest rates for the remaining terms up by 0.3 percentage points. The 7-8 month term increased to 5.5%/year, the 9 month term increased to 5.55%/year, the 12 month term increased to 5.65%/year, and the 13-36 month term increased to 5.75%/year.
Despite the increase, GPBank is still among the banks applying the lowest interest rates in the market today, with all terms below 6%/year.
Thus, since the beginning of October, 8 banks have reduced deposit interest rates including: VietBank, Dong A Bank, Vietcombank, LPBank, Nam A Bank, CBBank, ACB and Bac A Bank.
Meanwhile, only one bank has increased interest rates, GPBank.
| HIGHEST DEPOSITS INTEREST RATE TABLE ON OCTOBER 4 (%/year) | ||||||
| BANK | 1 MONTH | 3 MONTHS | 6 MONTHS | 9 MONTHS | 12 MONTHS | 18 MONTHS |
| VIETCOMBANK | 3 | 3.3 | 4.3 | 4.3 | 5.3 | 5.3 |
| BIDV | 3.2 | 3.7 | 4.6 | 4.6 | 5.5 | 5.5 |
| VIETINBANK | 3.4 | 3.85 | 4.7 | 4.7 | 5.5 | 5.5 |
| AGRIBANK | 3.4 | 3.85 | 4.7 | 4.7 | 5.5 | 5.5 |
| ABBANK | 3.7 | 3.9 | 4.9 | 4.9 | 4.7 | 4.4 |
| ACB | 3.5 | 3.7 | 5 | 5.1 | 5.5 | |
| TPBANK | 3.8 | 4 | 5 | 5 | 5.55 | 6 |
| MSB | 3.8 | 3.8 | 5 | 5.4 | 5.5 | 5.5 |
| TECHCOMBANK | 3.65 | 3.85 | 5.15 | 5.2 | 5.45 | 5.45 |
| VPBANK | 4.1 | 4.15 | 5.2 | 5.2 | 5.5 | 5.1 |
| MB | 3.6 | 3.8 | 5.2 | 5.3 | 5.6 | 6.3 |
| SEABANK | 4.5 | 4.5 | 5.2 | 5.35 | 5.5 | 5.5 |
| EXIMBANK | 4 | 4 | 5.2 | 5.5 | 5.6 | 5.8 |
| NAMA BANK | 4.65 | 4.65 | 5.2 | 5.3 | 5.8 | 6.4 |
| LPBANK | 4.15 | 4.35 | 5.3 | 5.4 | 6.1 | 6.8 |
| OCB | 4.1 | 4.25 | 5.3 | 5.4 | 5.5 | 5.9 |
| KIENLONGBANK | 4.75 | 4.75 | 5.4 | 5.6 | 5.7 | 6.4 |
| GPBANK | 4.25 | 4.25 | 5.45 | 5.35 | 5.65 | 5.75 |
| SACOMBANK | 3.7 | 3.7 | 5.5 | 5.8 | 6.2 | 6.4 |
| VIB | 4.75 | 4.75 | 5.6 | 5.6 | 6.2 | |
| PG BANK | 4 | 4 | 5.6 | 5.6 | 5.7 | 6.4 |
| SHB | 4 | 4.3 | 5.7 | 5.8 | 6.1 | 6.4 |
| SAIGONBANK | 3.6 | 4 | 5.7 | 5.7 | 5.9 | 5.9 |
| VIETBANK | 4.55 | 4.55 | 5.7 | 5.8 | 6 | 6.8 |
| DONG A BANK | 4.5 | 4.5 | 5.7 | 5.8 | 6.05 | 6.05 |
| SCB | 4.75 | 4.75 | 5.75 | 5.85 | 6.05 | 6.05 |
| BVBANK | 4.4 | 4.7 | 5.75 | 5.9 | 6.05 | 6.15 |
| OCEANBANK | 4.6 | 4.6 | 5.8 | 5.9 | 6.1 | 6.5 |
| BAC A BANK | 4.75 | 4.75 | 5.9 | 6 | 6.1 | 6.25 |
| CBBANK | 4.2 | 4.3 | 6 | 6.1 | 6.3 | 6.4 |
| HDBANK | 4.45 | 4.45 | 6.1 | 6.1 | 6.3 | 6.5 |
| VIET A BANK | 4.6 | 4.6 | 6.1 | 6.2 | 6.5 | 6.6 |
| BAOVIETBANK | 4.4 | 4.75 | 6.1 | 6.3 | 6.5 | 6.5 |
| NCB | 4.75 | 4.75 | 6.3 | 6.35 | 6.4 | 6.4 |
| PVCOMBANK | 4.25 | 4.25 | 6.4 | 6.4 | 6.5 | 6.8 |
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