Deposit interest rates simultaneously reverse direction
The deposit interest rate level in April reversed and decreased quite sharply compared to about a month ago. If at the beginning of the month, the market still recorded 9 banks increasing deposit interest rates, then not long after, the trend quickly changed direction when a series of banks simultaneously adjusted down.
In general, in April, more than 30 commercial banks reduced deposit interest rates, including GPBank, 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.
Notably, deposit interest rates for medium and long-term terms decreased quite rapidly, with some banks decreasing by nearly 1 percentage point in just one month. The adjustment trend mainly focuses on terms from 6 months or more, with a common decrease of about 0.2-0.5 percentage points, showing that the trend of pulling interest rates down is happening widely.
Despite a sharp decrease in April, the current deposit interest rate level is generally still higher than at the end of 2025, as many banks have increased quite sharply in the first quarter before entering this downward adjustment.
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
Interest rate information is for reference only and may change in each period. Please contact the nearest bank transaction point or hotline for specific advice.
Readers can refer to more articles about interest rates HERE.
