Bank interest rates today 28.4: Massively adjusted sharply

More than 30 banks reduce interest rates

After the meeting between the State Bank and credit institutions on April 9, to date, about more than 30 commercial banks have adjusted to reduce deposit interest rates.

HDBank, VCBNeo, VPBank, Techcombank, SeABank, BVBank, Sacombank, ABBank, KienlongBank, BaoViet Bank, LPBank, Nam A Bank, NCB, SHB, TPBank, Viet A Bank, Cake, Agribank, VietinBank, MB, Vietcombank, Eximbank, Bac A Bank, MSB, OCB, PGBank, Pvcombank, VietBank, BIDV, MBV, Saigonbank and Vikki Bank.

In which the Big4 group simultaneously sharply reduced interest rates. Agribank reduced by 0.4%/year for terms of 6–9 months and reduced by 0.2%/year for terms of 12–24 months. Previously, this bank also further reduced by 0.5%/year the deposit interest rate at the counter for 24-month terms.

BIDV is the unit with a stronger adjustment when it decreased by up to 0.8%/year for terms of 6–11 months and 24–36 months, and also decreased by 0.9%/year for terms of 12–18 months.

Meanwhile, Vietcombank reduced savings interest rates for 24-month terms by 0.5%/year, while VietinBank also reduced deposit interest rates at counters by 0.5%/year for terms from 24–36 months.

Highest special interest rate of 7.5-10%/year

The market recorded many special interest rate packages at high levels, ranging from 8- over 10%/year.

VietBank announced the highest special interest rate in the market, up to 10.7%/year for a 13-month term.

This is the interest rate used by VietBank as a reference for short-term loan interest rates (6 months or less than 6 months). For the normal deposit interest rate for a 13-month term, VietBank is still listing 6%/year.

PVcomBank is applying a special interest rate of 10%/year for a term of 12-13 months when depositing money at the counter, with the condition of maintaining a minimum balance of 20,000 billion VND. The new interest rate has increased by 1%/year, previously, the bank listed 9%/year for the same term and deposit conditions.

Cake by VPBank is applying an interest rate of 7.2-7.4%/year for terms from 6 to 24 months. The bank maintains a policy of adding 1.3%/year, bringing the highest actual received interest rate to 8.7%.

MSB announces an interest rate of 9%/year for newly opened customers, or savings books opened from the beginning of 2018 automatically renewed, with terms of 12 months, 13 months and deposits from 500 billion VND or more for a term of 13 months.

HDBank applies an interest rate of 7.6%/year for a 13-month term and 7.2%/year for a 12-month term, with a minimum balance of 500 billion VND, receiving interest at the end of the term.

At Vikki Bank, the 13-month interest rate at the end of the term applied to savings from 999 billion VND or more is 7.90%/year (equivalent to the 13-month deposit interest rate + 1.8%/year margin) and does not apply simultaneously to other promotional programs.

Statistics of banks with the highest savings deposit interest rates today:

Comparing the highest bank interest rates for a 3-month term

Interest rates for 6-month term savings deposits at banks

12-month savings deposit, which bank's interest rate is the highest?

Highest bank interest rate for 24-month term