Short-term interest rates surge
In the first days of the new year 2025, a series of banks adjusted interest rates. Of which, 6 banks increased deposit interest rates, including: Agribank, Bac A Bank, NCB, MBV, ABBank and Eximbank.
Most banks increased their short-term deposit interest rates (under 6 months). After the adjustment, Eximbank listed an interest rate of 4.7%/year for online deposits with a term of 4 months, equal to MBV's interest rate for a term of 4-5 months. This interest rate is close to the ceiling of 4.75%/year and is the highest in the market for terms under 6 months.
Similarly, NCB raised online deposit interest rates for 1-2 month terms to 4.1% and 4.2% per year, respectively; 3-4-5 month terms have interest rates of 4.3% - 4.4% - 4.5% per year, respectively.
Bac A Bank has also increased short-term interest rates by 0.2% per year. After adjustment, the interest rate for 1-2 month terms is 3.9% per year; for 3-4-5 month terms, it is 4.2% - 4.3% - 4.4% per year respectively for deposits up to 1 billion VND.
Special interest rate highest 7-9.5%
Many banks list interest rates at high levels, up to 7-9.5%. However, to receive this interest rate, special conditions must be met.
PVcomBank is leading in special interest rates when customers deposit money at the counter, with 9.5% for a term of 12-13 months. However, the condition to receive this interest rate is that customers must have a minimum deposit balance of VND2,000 billion.
Next is HDBank with a particularly high interest rate, up to 8.1%/year for a 13-month term and 7.7% for a 12-month term, with a minimum balance of VND500 billion. This bank also applies a 6% interest rate for an 18-month term.
MSB applies interest rates for deposits at the counter up to 8%/year for a 13-month term and 7% for a 12-month term. The applicable conditions are that the savings book is newly opened or the savings book is opened from January 1, 2018, automatically renewed with a term of 12 months, 13 months and the deposit amount is from 500 billion VND.
Dong A Bank has a deposit interest rate of 13 months or more, with the final interest rate applied to deposits of 200 billion VND or more at 7.5%/year. This bank also applies an interest rate of 6.1% for a 24-month term.
Bac A Bank applies an interest rate of 6%/year for a 12-month term; 6.1%/year for a 13-15-month term; 6.4%/year for a 18-36-month term. Conditions apply to deposits over 1 billion VND.
A series of banks push interest rates above 6%
Currently, interest rates above 6%/year are being listed by many banks for long-term deposits but do not require a minimum deposit amount.
BVBank applies an interest rate of 6% for a 12-month term, 6.2% for a 15-month term and 6.3% for a 18-24-month term; IVB applies an interest rate of 6.2%/year for a term of 24 months or more, 6.05%/year for a term of 18 months and 6.05% for a term of 13 months; GPBank applies an interest rate of 6.05%/year for a term of 12 months and 6.15%/year for terms of 13-36 months.
Cake by VPBank applies an interest rate of 6.1% for 24 and 36 month terms; OceanBank applies an interest rate of 6.1% for 24 month terms.
VRB and Dong A Bank apply an interest rate of 6% for a 24-month term; VietABank applies an interest rate of 6% for a 36-month term; SaigonBank applies an interest rate of 6% for a 13, 18 and 24-month term, and 6.1% for a 36-month term; HDBank applies an interest rate of 6% for a 15-month term and 6.1% for a 18-month term; BAOVIET Bank applies an interest rate of 6% for a 15, 18, 24 and 36-month term; ABBank applies an interest rate of 6% for a 12-month term; CB applies an interest rate of 6% for terms of 12 months or more.
Eximbank applies interest rates on weekends (Saturday and Sunday) for 15-month terms at 6.3%/year; for 18-month terms up to 6.4%/year.
Statistics of banks with the highest savings interest rates today:
Compare highest bank interest rates for 3-month term
Interest rates on 6-month savings deposits at banks
Want to save for 12 months, which bank has the highest interest rate?
Latest update of Agribank interest rates, Sacombank interest rates, SCB interest rates, Vietcombank interest rates... highest for 24-month term.
Interest rate information is for reference only and may change from time to time. Please contact the nearest bank transaction point or hotline for specific advice.
Readers can refer to more articles about interest rates HERE.
