According to Lao Dong, on November 28, CBBank and LPBank have just adjusted their deposit interest rates up by 0.15%/year and 0.2%/year respectively for terms under 12 months, in which the highest interest rates of these two banks are 5.8%/year and 5.8%/year respectively.
Up to now, 15 banks have increased interest rates in November, including: CBBank, SeABank, BaoViet Bank, HDBank, GPBank, LPBank, Nam A Bank, IVB, Viet A Bank, VIB, MB, Agribank, Techcombank, ABBank and VietBank. Of which, MB, Agribank and VIB are the banks that have increased interest rates twice since the beginning of the month.
Experts say bank interest rates will continue to rise
Deposit interest rates in the market may increase sharply, especially at small joint stock commercial banks, when the demand for capital at the end of the year from businesses and large investment projects is forecast to increase. To meet capital needs, banks are forced to adjust deposit interest rates to attract deposits from customers.
According to Dr. Nguyen Tri Hieu's prediction, 12-month interest rates could increase by 50-70 basis points, raising interest rates at major banks to around 5.1%-5.5%.
Some experts also believe that, in the context of competition for capital mobilization, savings interest rates can reach 6-8%/year, depending on the deposit term and policies of each bank. This is a move to ensure timely capital supply for the real estate market and businesses entering the peak period at the end of the year.
What is the highest bank interest rate?
The highest 1-month savings interest rate is 4.15%/year, applied at Nam A Bank, followed by OceanBank with 4.1%/year and Bac A Bank with 4.05%/year.
For a 3-month term, the highest interest rate is at Nam A Bank with 4.7%/year. Following is OceanBank with 4.4%/year and Bac A Bank with 4.35%/year.
The 6-month term recorded the highest interest rate of 5.65%/year at CBBank. Two banks, NCB and Dong A Bank, followed with an interest rate of 5.55%/year. Bac A Bank ranked third with an interest rate of 5.5%/year.
For the 9-month term, NCB leads with an interest rate of 5.7%/year, followed by Bac A Bank and CBBank with 5.6%/year, and Dong A Bank applies 5.55%/year.
For 12-month term, Bac A Bank leads with an interest rate of 5.9%/year. Next are three banks listing an interest rate of 5.8%/year including SaigonBank, NCB, CBBank.
For the 18-month term, Bac A Bank leads with the highest interest rate in the market at 6.25%/year. Next are three banks listing the same interest rate of 6.1%/year including Dong A Bank, HDBank, OceanBank.
See more daily bank interest rates HERE.
