These 20 banks include: ABBank, ACB, Bac A Bank, BVBank, CB, Eximbank, NCB, GPBank, MB, HDBank,SHB , Sacombank, PGBank, SeABank, Techcombank, TPBank, Viet A Bank, VPBank, VietBank, VIB.

Of which, ABBank andVIB have increased interest rates 4 times since the beginning of the month. CB, SeABank, NCB, Techcombank, Bac A Bank , BVBank, PGBank, and HDBank are the banks that have increased interest rates twice.

Conversely, VietBank adjusted deposit interest rates downward across all maturities, while MB reduced interest rates for 12-month maturities, VIB reduced interest rates for 24- and 36-month maturities, VPBank reduced interest rates for 24-36 month maturities, and HDBank reduced interest rates for 15-18 month maturities.

However, the interest rates of the above group of banks decreased by 0.1%/year, lower than the increase in deposit interest rates of these same banks.

W-SHB Bank_39 Nam Khanh.jpg
Deposit interest rates are quietly rising again. Photo: Nam Khánh.

According to a survey by VietNamNet, the highest deposit interest rate currently (for individual customers depositing money online according to the standard interest rate schedule) is 6.1% per year. This interest rate applies to savings deposits with a term of 18 months at HDBank, or a term of 36 months at OceanBank.

OceanBank and OCB are also maintaining a deposit interest rate of 6% per year for terms of 24 and 36 months, respectively.

The remaining banks all announced maximum interest rates below 6%. Specifically, the deposit interest rate for terms of 18-36 months at NCB is 5.9%/year. This is also the interest rate applied by SHB for 36-month term deposit accounts.

Meanwhile, an interest rate of 5.8% per year is being applied at OCB (24-month term), Saigonbank (36-month term), and VietBank (24-36 month term).

While no banks were offering 6-month deposit interest rates above 5% per year at the beginning of May, Construction Bank (CB) has now raised this rate to 5.15% per year.

For the 9-month term, three banks have raised deposit interest rates to 5% per year or higher: KienLong Bank (5%/year), NCB (5.05%/year), and CB (5.1%/year).

INTEREST RATE TABLE FOR DEPOSITS WITH TERMS FROM 12 - 36 MONTHS AT BANKS AS OF JUNE 1, 2024 (%/YEAR)
BANK 12 MONTHS 18 MONTHS 24 MONTHS 36 MONTHS
AGRIBANK 4.7 4.7 4.7 4.7
BIDV 4.7 4.7 4.8 4.8
VIETINBANK 4.7 4.7 5 5
VIETCOMBANK 4.6 4.6 4.6 4.7
ABBANK 5.2 4.1 4.1 4.1
ACB 4.5 4.6
BAC A BANK 5.4 5.5 5.5 5.5
BAOVIETBANK 4.7 5.5 5.5 5.5
BVBANK 5.3 5.5 5.35
CBBANK 5.3 5.55 5.55 5.55
DONG A BANK 4.5 4.7 4.7 4.7
EXIMBANK 5 5.2 5.3 5.3
GPBANK 5.15 5.25 5.25 5.25
HDBANK 5.5 6.1 5.5 5.5
INDOVINA BANK 5.2 5.4 5.1 5.1
KIENLONGBANK 5.2 5.5 5.2 5.2
LPBANK 5 5,6 5,6 5,6
MB 4.8 4.7 5.7 5.7
MSB 4.5 4.5 4.5 4.5
NAM A BANK 5.1 5.5 5.5 5.5
NCB 5.4 5.9 5.9 5.9
OCB 4.9 5.4 5.8 6
OCEANBANK 5.4 5.9 6 6.1
PGBANK 5 5.2 5.4 5.4
PVCOMBANK 4.8 5.3 5.3 5.3
SACOMBANK 4.9 5.1 5.2 5.4
SAIGONBANK 5 5,6 5.7 5.8
SCB 3.7 3.9 3.9 3.9
SEABANK 4.45 5.5 5.5 5.5
SHB 5 5.3 5,6 5.9
TECHCOMBANK 4.65 4.65 4.65 4.65
TPBANK 4.9 5.3 5.7 5.7
VIB 4.9 5.1 5.1
VIET A BANK 5 5.3 5.4 5.4
VIETBANK 5.2 5.8 5.8 5.8
VPBANK 5 5 5.4 5.4

Besides regular deposit interest rates, some banks apply a "special interest rate" policy with the highest rate reaching 9.5% per year. However, this interest rate is not available to the majority due to the extremely difficult conditions set by the bank.

HDBank is one of the banks that still maintains special interest rates for 12- and 13-month term deposits, reaching 7.7% and 8.1% per year respectively.

To qualify for this interest rate, customers must deposit 500 billion VND or more and receive interest at the end of the term.

Along with HDBank, several other banks also maintain special interest rate policies, including MSB, Dong A Bank, ACB, PVCombank, etc.

PVCombank is offering a "special interest rate" of up to 9.5% per year for customers depositing money for a term of 12-13 months, with a minimum deposit of 2,000 billion VND.

Dong A Bank applies a "special interest rate" policy: when depositing 200 billion VND or more for a 13-month term, customers will receive an interest rate of 7.5% per year.

The “special interest rate” at MSB is currently 7%/year (down 0.5 percentage points compared to early April), applied to 13-month term deposits and also with deposits from 500 billion VND.

ACB offers a "special interest rate" of 5.6% per year for deposits with a 13-month term (the regular interest rate is 4.4% per year).

In addition, some banks such as VPBank, Techcombank, SeABank, ACB are applying a ladder interest rate policy depending on the deposit amount, or by default adding interest for customers when depositing from 100 million VND.