The deposit market is recording a strong wave of adjustment in the medium and long term group, in which interest rates for terms of 6–9 months at many banks have increased to the 8-8.25%/year range - a rare high in recent months.
At the National Citizen Bank (NCB), the interest rate is pushed to the highest in the market when this bank applies a policy of adding up to 2%/year for all individual customers depositing online savings. The program applies to deposits from 6 months or more and lasts until the end of January 31, 2026. Accordingly, the interest rate on online deposits for terms of 6-8 months reaches 8.2%/year; terms of 9-11 months reaches 8.25%/year; and terms of 12-36 months reaches 8.3%/year.
Not only NCB, Cake by VPBank also promotes interest rate incentives through an additional policy based on deposit balances. This bank applies an additional rate of 0.2–1%/year for 6-month terms, helping customers' actual interest rates fluctuate in the range of 7.3–8.1%/year, depending on the size of the deposit.
At PVcomBank, the program of adding an interest rate of 1.5%/year is implemented for online deposits on Fridays every week. The application condition is a term of 12 months or more, with a minimum deposit amount of 100 million VND. With this policy, the actual interest rate received by depositors reaches 7.6%/year for a 12-month term, 7.8%/year for a 13-month term and up to 8.3%/year for terms from 15–36 months.
In the group of small-scale joint-stock commercial banks, the interest rate level has also been significantly increased. BVBank is currently deploying an online deposit certificate product with the highest interest rate of 7.8%/year. Customers can buy certificates with a minimum amount of 10 million VND, applied to terms of 6, 9, 12 and 15 months; of which the 15-month term enjoys the highest interest rate.
Some other banks also list interest rates above 7%/year for ordinary deposits. Cake by VPBank and PGBank are applying interest rates of 7.1%/year for 6-month terms. OCB lists 7%/year for 21-month terms and 7.1%/year for 24-month terms for deposits from 500 million VND or more.
Meanwhile, the "special" interest rate group - applied to very large-scale deposits - continues to be maintained at a high level. PVcomBank applies an interest rate of 9%/year for terms of 12–13 months if customers deposit 2,000 billion VND or more. HDBank lists a rate of 8.1%/year for terms of 13 months and 7.7%/year for terms of 12 months with the condition of a minimum balance of 500 billion VND. Vikki Bank applies an interest rate of 8.4%/year for terms of 13 months or more when customers deposit a minimum of 999 billion VND.
In the mid-range banking group, Bac A Bank is applying interest rates from 6.4–6.7%/year for terms from 6 to 36 months with a deposit amount of 1 billion VND. Viet A Bank also maintains an interest rate of over 6%/year for Dak Tai savings product, ranging from 6.0–6.8%/year depending on the term.
The above developments show that the deposit interest rate level is showing a clear upward trend, especially in the medium and long term group. In the context of slow credit recovery, many banks choose to promote medium and long-term capital mobilization to proactively source capital and improve liquidity, thereby creating more profit opportunities for depositors in the first half of 2026.
