A survey of deposit interest rates of more than 30 banks shows that the general level of short-term deposit interest rates is still maintained at a high level. Notably, many banks are listing interest rates of 4.75%/year for 3-month terms - the ceiling interest rate applied to deposits under 6 months according to the regulations of the State Bank.
A series of banks such as Cake by VPBank, Nam A Bank, MBV, BAC A BANK, OCB, VCBNeo, PGBank, BVBank, Sacombank, SaigonBank, BAOVIET Bank, VietABank, NCB, TPBank, MSB and PVcomBank all listed interest rates of 4.75%/year for a 3-month term.
In addition, some other banks also apply interest rates very close to the ceiling from 4.6-4.65% such as VPBank and SHB VietBank,...
The fact that many banks simultaneously list maximum interest rates shows that the competitiveness in short-term capital mobilization is still high. In the context that the room to adjust interest rates below 6 months is almost gone, banks tend to switch to competition for longer terms.
In fact, right from the 6-month term, deposit interest rates at many banks have increased sharply to the 6-7%/year range. Some units such as Cake by VPBank listed 7.2%/year for the 6-month term and 7.4%/year for the 12-month term; MBV and VCBNeo both apply a rate of 7%/year for terms from 6 months or more; BAC A BANK listed 7.05-7.1%/year.
Meanwhile, the group of state-owned banks continues to maintain a significantly lower interest rate level. Vietcombank, VietinBank and BIDV all listed 2.4%/year for a 3-month term, while Agribank applies a rate of 2.9%/year.
The above developments show that short-term deposit interest rates are still being maintained at the ceiling level by many banks, while the race to attract deposit flows is currently more focused on terms of 6 months or more.
Comparing the highest 3-month term bank interest rates
The highest 6-month term bank savings interest rate today
For 12-month savings, which bank has the highest interest rate?
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.
