Highest interest rates at banks today
According to the latest report from the State Bank of Vietnam (SBV), the highest deposit interest rate today is up to 7.2%/year, applied to terms over 24 months at some joint stock commercial banks.
The deposit interest rate level is being divided into groups:
Term under 1 month: 0.1 - 0.2%/year.
1 term - less than 6 months: 3.1 - 4.0%/year.
6 - 12 month term: 4.4 - 5.3%/year.
Term over 12 - 24 months: 4.9 - 5.9%/year.
Over 24-month term: 6.9 - 7.2%/year (highest level today).
Which bank has just increased interest rates?
Since the Lunar New Year, some banks have adjusted their deposit interest rates up, including:
Agribank: Increase 0.1%/year for 3-9 month term, decrease 0.1%/year for long term.
BIDV (February 5): Increased by 0.1%/year for some long terms.
Techcombank: Increase interest rates for 6-36 month terms.
Eximbank: Increase interest rates for 1-12 month terms, but reduce 15-36 month terms.
Viet A Bank: Increase interest rates for 12-36 month terms.
Vikki Bank: Increase interest rates for 1-8 month and 12-month terms, but reduce 13-36 month terms.
VietBank: Increase interest rates for 1-5 month and 7-9 month terms.
Meanwhile, some banks have reduced interest rates for many terms:
TPBank: Reduced interest rates for 1 - 2 - 3 and 12-month terms.
Bac A Bank: Reduced interest rates for 1-36 month terms.
Interest rate forecast in the coming time
Deposit interest rates are fluctuating slightly, depending on the capital mobilization needs of each bank. However, with the inspection move from the SBV, the possibility of interest rates continuing to increase sharply in the coming time is not high.
The flow of deposits into banks is still increasing, showing people's cautious psychology in the face of complicated developments in the financial market.
