Bank interest rates today: Surprised with the highest interest rate

According to Lao Dong, on January 2, deposit interest rates fluctuated strongly at many banks. Bac A Bank, MBV, and NCB increased deposit interest rates for short terms, with the highest rate reaching 6.4%/year at Bac A Bank. On the contrary, ABBank and SeABank sharply reduced long-term interest rates, with the lowest rate being only 2.95%/year.

Interest rates are expected to continue to rise.

Currently, savings interest rates in Vietnam are showing a slight upward trend. According to statistics, 12-month deposit interest rates at commercial banks range from 4.7% to 6.3% per year, depending on the bank and the deposit term.

Economic experts predict that deposit interest rates will continue to increase slightly in 2025. VNDIRECT Securities Company predicts that the average 12-month deposit interest rate will increase by about 0.3 percentage points, reaching 5.2-5.3%/year by the end of 2025.

Similarly, Tien Phong Securities Company (TPS) believes that deposit interest rates may increase until the end of this year and stabilize or increase slightly in 2025, with differentiation among banks; small-scale banks may apply higher interest rates to attract customers.

Mr. Can Van Luc, Chief Economist of BIDV, said that the increase in savings interest rates will put pressure on lending interest rates. Currently, the slight increase in savings interest rates at some private banks is also putting pressure on lending interest rates.

What is the highest interest rate?

1 month term:

The bank with the highest interest rate is MBV, at 4.3%/year. Second is NCB, applying an interest rate of 4.1%/year. Third place is Bac A Bank and OCB, with the same interest rate of 4.0%/year.

3 month term:

MBV leads with the highest interest rate, reaching 4.6%/year. Second is Bac A Bank with 4.2%/year. Third place belongs to NCB, with an interest rate of 4.3%/year.

6 month term:

CBBank stands out with the highest interest rate, reaching 5.85%/year. Bac A Bank ranks second with 5.35%/year. MBV and NCB are tied for third place, both applying an interest rate of 5.5%/year.

9 month term:

CBBank continues to lead with an interest rate of 5.85%/year. MBV ranks second with 5.6%/year. Bac A Bank ranks third, with an interest rate of 5.45%/year.

12 month term:

MBV and Gpbank are in the lead with an interest rate of 6%/year. Bac A Bank is in second place with 5.8%/year. Cbbank is in third place, also with 6.0%/year.

18 month term:

Bac A Bank has the highest interest rate, reaching 6.2%/year. MBV and Oceanbank are ranked second, with 6.1%/year. Cbbank is ranked third with an interest rate of 6.0%/year.