A series of banks adjust sharply down
On February 24, Prime Minister Pham Minh Chinh issued a telegram requesting the SBV to preside over and coordinate with relevant agencies to immediately conduct inspections and examinations of commercial banks that have adjusted their deposit interest rates up in the past and the announcement and implementation of deposit and lending interest rates of credit institutions.
Following the Prime Minister's direction, a series of banks have adjusted deposit interest rates down sharply.
BVBank reduces 0.1 - 0.35%/year for terms of 6 months or more. Accordingly, the 6-month term decreased from 5.45%/year to 5.35%/year; the 9-month term decreased from 5.75%/year to 5.5%/year. 12-month term decreased from 6.05%/year to 5.8%/year; 18-month term decreased from 6.35%/year to 6.0%/year, 24-month term decreased from 6.3% to 6.05%/year.
Eximbank also sharply reduced deposit interest rates, the reduction rate was up to 0.7%/year. Currently, the highest interest rate at this bank is only 5.8%/year for a 24-month term, paid at the end of the term; the 15 and 18-month terms are 5.6%/year and 5.7%/year respectively. Meanwhile, the 36-month and 60-month terms are only 5.1%/year and 5.2%/year, respectively.
KienLongBank announced the interest rate table applicable from February 26 with a fairly strong decrease. Previously, this bank applied an interest rate of 6.1%/year for a term of 12-24 months, but according to the new interest rate table, it was only 5.7% for terms from 12 months, down 0.6-0.7%/year.
At MSB, the highest savings interest rate decreased from 5.8%/year, down to 5.6%/year applied to terms of 12 months or more, interest at the end of the term.
Vietcombank reduced the 36th term deposit interest rate by 0.1%/year to 4.7%/year. This is also the general interest rate applied to terms from 24 to 60 months.
According to statistics, since the beginning of February 2025, 13 banks have adjusted deposit interest rates. In which, BIDV, VietABank and BaoViet Bank increased interest rates; Eximbank, Techcombank and Vikki Bank increased - decreased in opposite directions; Bac A Bank, Agribank, TPBank, BVBank, KienLongBank, Vietcombank, MSB reduced interest rates.
Highest special interest rate 7-9%
The highest interest rate for 12-month terms is up to 7-9%, but to enjoy this interest rate, customers must meet special conditions.
PVcomBank leads with 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. In addition, the 18-month term is subject to a 6% interest rate.
MSB listed an interest rate of 8%/year for a 13-month term and 7%/year for a 12-month term. The condition is that the minimum deposit is 500 billion VND from newly opened or automatically renewed savings books from January 1, 2018.
Dong A Bank applies an interest rate of 7.5%/year for term deposits of 13 months or more, with a minimum amount of VND200 billion.
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
Want to deposit savings for 12 months, which bank has the highest interest rate?
Latest update on Agribank interest rates, Sacombank interest rates, SCB interest rates, Vietcombank interest rates... highest for 24-month terms.
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.
