Vikki Bank increases interest rates immediately after changing its name
Dong A Commercial Joint Stock Bank (DongA Bank) officially changed its name to Vikki Digital Bank Limited (Vikki Bank) on February 14, 2025. After that, this bank adjusted its deposit interest rate for the first time since December 9, 2024.
Interest rate increase terms at Vikki Bank:
1-2 month term: Interest rate increased from 4.1%/year to 4.4%/year, adjusted to increase by 0.3%.
3-5 month term: Interest rate increased from 4.3%/year to 4.4%/year, increased by 0.1%.
6-8 month term: Interest rate increased from 5.55%/year to 5.6%/year, up 0.05%.
12-month term: Interest rate increased from 5.8%/year to 5.9%/year, adjusted to increase by 0.1%.
Meanwhile, long-term interest rates from 13 to 36 months have decreased:
13-month term: Reduced from 6%/year to 5.9%/year.
18-36 month term: Reduced from 6.1%/year
Vikki Bank still maintains a special interest rate of 5.9%/year to 7.5%/year for customers depositing for a 13-month term with an amount of VND200 billion or more.
VietBank sharply increases interest rates for terms under 1 year
Along with Vikki Bank, VietBank also adjusted deposit interest rates from today. This is the second interest rate increase by this bank since the beginning of the year.
Details of new interest rates at VietBank:
1-month term: Interest rate increased from 4.2%/year to 4.3%/year, adjusted to increase by 0.1%.
2-month term: Interest rate increased from 4.2%/year to 4.5%/year, increased by 0.3%.
3-4 month term: Interest rate increased from 4.4%/year to 4.6%/year, adjusted to increase by 0.2%.
5-month term: Interest rate increased from 4.5%/year to 4.6%/year, up 0.1%.
7-9 month term: Interest rate increased from 5.0%/year to 5.4%/year, adjusted to increase by 0.4%.
With this adjustment, VietBank currently has the highest savings interest rate under 6 months in the market, only behind Eximbank.
Which bank has the highest 12-month term interest rate?
After Vikki Bank and VietBank adjusted, the banks listed the highest 12-month term interest rates today include:
Banks with interest rates from 6% or higher:
MSB: 6.3%/year (highest 12-month term).
KienlongBank: 6.1%/year.
HDBank, MBV, DongA Bank: 6.1%/year.
BVBank, GPBank, Viet A Bank: 6.05%/year.
VCBNeo: 6%/year.
In addition, Indovina Bank is currently listing the 12-month term interest rate at 5.95%/year.
List of banks that have adjusted interest rates since the beginning of February 2025
Since the beginning of the month, a series of banks have changed their interest rates:
Bank group increases interest rates:
Techcombank (6-36 month term).
Viet A Bank (12-36 month term).
Vikki Bank (1-8 month and 12 month terms).
VietBank (1-5 month and 7-9 month terms).
Bank group with reduced interest rates:
TPBank (1 - 2 - 3 and 12-month term reduction).
Bac A Bank (1-36 month term reduction).
Eximbank (15-36 month term reduction).
Upcoming interest rate trends
According to KB Vietnam Securities Company (KBSV), deposit interest rates may increase slightly by 30 - 100 basis points (0.3 - 1 percentage point) in 2025, depending on the banking group.
State-owned banks (Vietcombank, BIDV, VietinBank, Agribank): Forecast to increase by 30-50 basis points but still lower than private banks.
Joint Stock Commercial Banks: Can increase by 50-100 basis points, in which small banks will be under greater pressure.
Currently, interest rates are still high, depositors should consider terms from 12 - 24 months to enjoy the best interest rate.
