Some banks increase deposit interest rates in July
Since the beginning of July, the market has recorded that some banks have begun to adjust deposit interest rates in a slightly increasing direction, marking a change after a long period of maintaining low levels.
This month, 5 banks adjusted their savings interest rates, of which 4 banks increased interest rates by 0.1 - 0.2%/year, including: VPBank, Techcombank, VCBNeo and Cake by VPBank. On the other hand, Bac A Bank is the only bank to reduce interest rates this month.
According to Mr. Nguyen Quang Huy - CEO of the Faculty of Finance - Banking, Nguyen Trai University, the interest rate level has hit a 15-year low, with common mobilization interest rates ranging from 4.5% - 5.5%/year and lending interest rates at 8% - 9%/year.
"There is not much more space for further reduction. Banks are moving to a period of stabilization and interest rate refinement, Mr. Huy commented. Forecasting the upcoming trend, Mr. Huy said that if macro factors such as inflation and exchange rates are well controlled, interest rates can continue to remain at a reasonable low in the second half of 2025. "The maximum interest rate level can increase by about 0.5 percentage points, but it is unlikely that the strong increase trend will occur again," said Mr. Huy.
Highest special interest rate 6.5-9.65%
The highest deposit interest rate at banks ranges from 6-9.65%/year. However, to enjoy this interest rate, customers must meet special conditions.
ABBank leads in special interest rates, at 9.65%/year for newly opened/repetited customers with savings deposits of VND1,500 billion or more, term of 13 months.
PVcomBank also applies a special interest rate of 9%/year for a term of 12-13 months when depositing money at the counter. The applicable condition is that customers must maintain a minimum balance of VND 2,000 billion.
HDBank applies an interest rate of 8.1%/year for a 13-month term and 7.7%/year for a 12-month term, with the condition of maintaining a minimum balance of VND500 billion.
Vikki Bank applies an interest rate of 7.5%/year for term deposits of 13 months or more, with a minimum amount of 999 billion VND; Bac A Bank is listing the highest interest rate of 6.2% for a term of 18-36 months for deposits over 1 billion VND; IVB applies an interest rate of 6.15% for a term of 36 months, with conditions applied to deposits of 1,500 billion VND or more.
ACB applies an interest rate of 6%/year for a 13-month term with interest paid at the end of the term when customers have a deposit balance of VND200 billion or more.
At LPBank, for deposits of VND300 billion or more, the mobilization interest rate applied to customers receiving interest at the end of the term is 6.5%/year, receiving monthly interest of 6.3%/year and receiving interest at the beginning of the term is 6.07%/year.
Banks with interest rates from 6%
Currently, interest rates above 6%/year are being listed by some banks for long-term deposits, without a minimum deposit requirement.
Cake by VPBank applies an interest rate of 6%/year for 12-18 month and 24-36 month terms; HDBank applies an interest rate of 6% for 18-month terms; BVBank also pays 6.1%/year for 60-month terms and 6.0%/year for 48-month terms. VietABank maintains the only 6.0%/year for the 36-month term; Bac A Bank applies an interest rate of 6% for the 18-36 month term.
Statistics of banks with the highest savings interest rates today:
Compare the highest bank interest rates for 3-month terms
Interest rates for savings deposits at banks for 6-month terms
For 12-month savings, which bank has the highest interest rate?
Agribank interest rates, Sacombank interest rates, SCB interest rates, Vietcombank interest rates... are the highest for a 24-month term.
Interest rate information is for reference only and may change from time to time. Please contact the nearest bank transaction point or hotline for specific advice.
Readers can refer to more articles on interest rates HERE.
