The Vietnam Bank for Agriculture and Rural Development ( Agribank ) recently significantly increased its deposit interest rates, applicable to most terms from 1 to 24 months. According to the newly updated online deposit interest rate schedule, the interest rate for 1-2 month terms increased by 0.2% to 3.2% per year. The rates for 3-5 month terms were also adjusted upwards by 0.2% to 3.7% per year.
The most significant increases were concentrated in medium and long-term maturities. Specifically, interest rates for 6-9 month deposits were raised by up to 0.7%, to 5.7% per year. Similarly, maturities from 12-24 months also saw a sharp increase of 0.7%, bringing Agribank's deposit interest rates to 6% per year for the first time in over two years.
As a bank that already listed higher savings interest rates than the other three banks in the Big4 group (four large state-owned banks), Agribank's latest interest rate increase further widens the gap in deposit interest rates compared to Vietcombank, VietinBank, and BIDV .
The online savings interest rates listed by BIDV and VietinBank are at the same level, with no difference between the two banks. Specifically, customers depositing savings for a term of 1-2 months receive an interest rate of 3%/year; 3-5 months at 3.4%/year; 6-11 months at 4.5%/year; 12 months at 5.2%/year; and the highest rate is 5.3%/year for terms from 13-36 months.
Meanwhile, Vietcombank continues to maintain lower deposit interest rates compared to the Big4 banks. The bank lists interest rates at 2.1%/year for 1-2 month terms; 2.4%/year for 3-5 month terms; 3.5%/year for 6-11 month terms; and 5.2%/year for 12-24 month terms.
Customers deposit money at the bank (Photo: Tien Tuan).
Among private banks, the online deposit interest rate chart on February 6th shows that interest rates in the market are quite clearly differentiated between different groups of banks, especially for medium and long-term maturities.
For short-term deposits of 1-3 months, common interest rates range from 4-4.75% per year. Some banks have pushed interest rates higher than the average, such as Bac A Bank (4.55%), BaoVietBank, BVBank, OCB, TPBank, and VPBank (4.75%). SCB maintains a very low interest rate of only 1.6-1.9% per year, creating a significant gap compared to the rest of the market.
For the average term of 6-9 months, interest rate competition has become more intense. Many banks are listing interest rates from 6-6.5%/year, even exceeding 7%/year. PGBank stands out with 7.1%/year for both 6 and 9-month terms; MBV, ABBank, Vikki Bank, and LPBank are also among those offering high interest rates, around 6.3-6.5%/year. Meanwhile, some large and medium-sized banks such as ACB, MB, MSB, and TPBank still maintain interest rates below 5.5%/year for these terms.
For longer terms of 12-18 months, deposit interest rates continue to be pushed higher to attract long-term deposits. Many banks have listed interest rates of 6.5-7.2% per year, with MBV and PGBank leading the way at 7.2% per year for the 12-month term. Techcombank, Bac A Bank, OCB, and BVBank are also among those offering high interest rates, around 6.8-6.95% per year.
Conversely, banks such as Sacombank, ACB, MB, and TPBank maintain lower interest rates, mainly around 5.5-5.7% per year.
Source: https://dantri.com.vn/kinh-doanh/agribank-bat-ngo-tang-manh-lai-suat-dan-dau-nhom-big-4-ngan-hang-20260206115244248.htm
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