Unexpected sharp increase in some terms

Bank interest rates today, April 9, 2025, recorded a sudden sharp increase in deposit interest rates, with some terms increasing by up to 0.5%/year after many days of a downward trend.

After 4 consecutive reductions in deposit interest rates in March, Vietnam Export Import Commercial Joint Stock Bank (Eximbank) increased deposit interest rates from today, April 9.

According to the interest rate table for deposits at the counter and interest received at the end of the term for individual customers of Eximbank, the interest rate for 1-month term is kept at 3.5%/year, but the interest rate for 2-3 month terms increases by 0.1%/year, to 3.6%/year; the interest rate for 4-5 month terms increases by 0.2%/year, to 3.7%/year.

However, Eximbank also reduced deposit interest rates for some terms.

Of which, the 6-month term decreased by 0.1%/year, down to 4.9%/year; the interest rates for 7-11-month terms also decreased by 0.1%/year, down to 5%/year. The interest rate for 12-month term decreased by 0.1%/year, down to 5.1%/year.

Interest rates at the counter for 15-month, 18-month and 24-month terms remain at 5.4%, 5.5% and 5.6% per year.

However, Eximbank sharply increased interest rates for long terms of 36 months and 60 months, to the highest savings interest rate of 5.6%/year. This means that the savings interest rate for 36 months increased by 0.5%/year, and for 60 months increased by 0.4%/year.

Meanwhile, Eximbank's online deposit interest rates have been sharply reduced for terms under 6 months, but interest rates have been increased for terms of 9 months and 15-60 months.

Interest rates are paid at maturity, applied from Monday to Friday, and vary for most terms.

Specifically, the 2-month term bank interest rate decreased by 0.1%/year, down to 4.1%/year. This is also the interest rate of the 3-month term after decreasing by 0.2%/year.

The 4-month savings interest rate has dropped sharply by 0.4%/year to 4.2%/year from today, while the 5-month savings interest rate has dropped slightly by 0.1%/year to 4.5%/year.

Eximbank keeps the interest rate for 1-month deposits at 4%/year and 6-month deposits at 5.1%/year.

Notably, the 9-month term interest rate increased by 0.1%/year to 5.2%/year; the 15-month term savings interest rate also increased by 0.1%/year to 5.6%/year; the 18-month term interest rate increased by 0.1%/year to 5.7%/year; and the 24-36-month term interest rate also increased by 0.1%/year to 5.8%/year.

Meanwhile, 12-month bank interest rates remain unchanged at 5.3%/year.

For online deposits on weekends, Saturdays and Sundays, Eximbank reduces interest rates for deposits with terms of 2-5 months, and increases interest rates for terms of 9 months and 15-36 months.

Interest rate on 1-month term deposits, paid at the end of the term, decreased sharply by 0.4%/year, to 4.1%/year; 2-month term deposits also decreased sharply by 0.3%/year, to 4.2%/year.

4.2%/year is also the latest mobilization interest rate for the 3-month term after a sharp decrease of 0.35%/year.

Interest rates for 4-5 month deposits also decreased by 0.25%/year, down to 4.3%/year from today.

While the 6-month deposit interest rate remains unchanged at 5.2%/year, Eximbank unexpectedly increased the 9-month deposit interest rate by 0.1%/year to 5.3%/year from today.

Interest rates for 12-month deposits remain at 5.4% per year, but interest rates for 15-36-month deposits increase by 0.2% per year.

Accordingly, the latest mobilization interest rate applied for 15-month term with interest paid at the end of the term is 5.7%/year, 18-month term is 5.8%/year and 24-36-month term has interest rate up to 5.9%/year - the highest mobilization interest rate when saving online at Eximbank.

Eximbank online interest rate .jpg — *Online deposit interest rates on April 9, 2025 announced by Eximbank.*

Although it has just continued to sharply reduce deposit interest rates for terms under 6 months, Eximbank is the first commercial bank to increase deposit interest rates after the meeting on interest rates between the State Bank and commercial banks on February 25.

Since then, most commercial banks have reduced their deposit interest rates (except Sacombank , Vietcombank, SCB); in which, Eximbank is one of the most active banks when it reduced the highest deposit interest rate from 6.8%/year to 5.7%/year.

Since the beginning of April, except for Eximbank increasing interest rates, some banks have reduced deposit interest rates including VPBank , MB and Eximbank.

ONLINE DEPOSITS INTEREST RATES OF BANKS ON APRIL 9 (%/YEAR)
BANK	1 MONTH	3 MONTHS	6 MONTHS	9 MONTHS	12 MONTHS	18 MONTHS
AGRIBANK	2.4	3	3.7	3.7	4.7	4.7
BIDV	2	2.3	3.3	3.3	4.7	4.7
VIETINBANK	2	2.3	3.3	3.3	4.7	4.7
VIETCOMBANK	1.6	1.9	2.9	2.9	4.6	4.6
ABBANK	3.2	3.9	5.4	5.5	5.7	5.5
ACB	3.1	3.5	4.2	4.3	4.9
BAC A BANK	3.5	3.8	4.95	5.05	5.4	5.8
BAOVIETBANK	3.5	4.35	5.45	5.5	5.8	5.9
BVBANK	3.95	4.15	5.15	5.3	5.6	5.9
EXIMBANK	4	4.1	5.1	5.2	5.3	5.7
GPBANK	3.5	4.02	5.35	5.7	6.05	6.15
HDBANK	3.85	3.95	5.3	4.7	5.6	6.1
KIENLONGBANK	3.7	3.7	5.1	5.2	5.5	5.45
LPBANK	3.6	3.9	5.1	5.1	5.4	5.6
MB	3.7	4	4.6	4.6	5	5
MBV	4.1	4.4	5.5	5.6	5.8	5.9
MSB	3.9	3.9	5	5	5.6	5.6
NAM A BANK	4	4.2	4.9	5.2	5.5	5.6
NCB	4	4.2	5.35	5.35	5.6	5.6
OCB	4	4.2	5.1	5.1	5.2	5.4
PGBANK	3.4	3.8	5	4.9	5.4	5.8
PVCOMBANK	3.3	3.6	4.5	4.7	5.1	5.8
SACOMBANK	3.3	3.6	4.9	4.9	5.4	5.6
SAIGONBANK	3.3	3.6	4.8	4.9	5.6	5.8
SCB	1.6	1.9	2.9	2.9	3.7	3.9
SEABANK	2.95	3.45	3.95	4.15	4.7	5.45
SHB	3.5	3.8	4.9	5	5.3	5.5
TECHCOMBANK	3.25	3.55	4.55	4.55	4.75	4.75
TPBANK	3.5	3.8	4.8	4.9	5.2	5.5
VCBNEO	4.15	4.15	5.7	5.65	5.85	5.85
VIB	3.7	3.8	4.7	4.7	4.9	5.2
VIET A BANK	3.7	4	5.2	5.4	5.7	5.9
VIETBANK	4.1	4.4	5.4	5.4	5.8	5.9
VIKKI BANK	4.15	4.35	5.65	5.95	6	6
VPBANK	3.7	3.9	4.8	4.8	5.4	5.4