Savings interest rates maintain upward trend
According to statistics, 12 banks have increased deposit interest rates since the beginning of December, including: Techcombank, BVBank, CB, Dong A Bank, VPBank, VIB, OCB, MSB, GPBank, TPBank, ABBank, and IVB.
In the group of state-owned commercial banks, 12-month term interest rates ranged from 4.7% - 4.8%/year, while joint-stock commercial banks recorded higher interest rates, reaching 5.4% - 6.25%/year for longer terms.
Although interest rates tend to increase, the State Bank still maintains the direction of controlling interest rates at a reasonable level to ensure financial market stability.
Measures such as liquidity support and money supply regulation are applied to reduce inflationary pressure and facilitate businesses and people's access to capital.
It is expected that from now until the end of the year, savings interest rates may increase by 0.5 - 1 percentage point, depending on the term and strategy of each bank.
However, high capital costs and pressure from bad debt continue to be major barriers, limiting the ability to reduce lending rates.
In this context, banks are increasingly optimizing their funding and risk management strategies to ensure long-term financial stability.
13 banks pay interest rates above 6.0%/year
According to Lao Dong, CBBank has recently increased the deposit interest rate by 0.2%/year for all terms. CB's highest deposit interest rate currently reaches 6%/year, listed for deposit terms of 12 months or more.
VIB currently lists online deposit interest rates for 24-month terms at 6.3%/year.
SHB and Saigonbank simultaneously listed interest rates of 6.1%/year for a 36-month term, while Oceanbank and DongA Bank also kept the same rate for a 18-36-month term.
GPBank stands out with an online interest rate of 6.05%/year for terms from 13-36 months.
Bac A Bank applies an interest rate of 6.25%/year for a term of 18-36 months if the balance is over 1 billion VND, and 6.05%/year if under 1 billion VND.
Nam A Bank listed an interest rate of 6.2%/year for a 36-month term for deposits of VND500 billion or more.
HDBank maintains a special interest rate of 8.1%/year for a 13-month term at the counter, with a minimum balance of VND500 billion, and applies an online interest rate of 6.1%/year for an 18-month term.
Cake by VPBank is also in the group of banks with high interest rates, reaching 6.1%/year for 24-36 month term deposits.
See more daily bank interest rate updates HERE.
