According to VietNamNet statistics, 12 banks increased deposit interest rates, includingACB , VIB, GPBank, NCB, BVBank, Sacombank, CB, Bac A Bank, Techcombank, TPBank, PGBank, and SeABank. Prior to that, in April, 15 commercial banks increased deposit interest rates.

Notably, since the beginning of May,VIB has been the only bank to adjust its interest rates downwards, by 0.1 percentage points for 24-month and 36-month terms. VIB is also the first bank to increase deposit interest rates twice since the beginning of May.

Similar to the end of April, only KienLong Bank listed an interest rate of 5%/year for deposits with a term of 9-11 months, while the same term at other banks was below 5%/year.

The practice of many banks increasing deposit interest rates, with rates exceeding 5% per year, is becoming increasingly common, even dominating the interest rate charts for 12-36 month terms.

The highest deposit interest rate is currently 6.1% per year, offered by OceanBank for online deposits with a 36-month term.

OceanBank is also leading the market in interest rates for 24-month deposits at 6% per annum. This interest rate is also being applied byOCB Bank for online deposits with a 36-month term.

OceanBank offers the highest online savings interest rates for 12-18 month terms in the market. The 12-month term offers 5.4% per year, and the 18-month term offers 5.9% per year.

If we consider only the 12-month term, the 5.2%/year interest rate offered by VietBank, NCB, and KienLong Bank is also the second highest in the market, only after OceanBank.

The 18-month term is currently dominated by banks offering interest rates of 5% per year or higher. Along with OceanBank, HDBank is also leading in this term with an interest rate of up to 5.9% per year. Following closely are VietBank (5.8% per year), NCB (5.7% per year), Saigonbank and LPBank (5.6% per year),…

Besides the 6%/year rate offered by OceanBank, a number of other banks also offer significantly higher interest rates for 24-month deposits, including: OCB and VietBank (5.8%/year); NCB and Saigonbank (5.7%/year); LPBank and TPBank (5.6%/year);…

For a 36-month term, in addition to the 6-6.1% interest rate offered by OCB and OceanBank, VietBank, SHB, and Saigonbank are also close behind with 5.8% per year for this term.

Among state-owned commercial banks, VietinBank is the only one currently maintaining an interest rate of 5% per annum, applicable to deposits with terms of 24-36 months.

Vietcombank, Agribank, and BIDV are all listing deposit interest rates below 5% per year across various maturities. In fact, interest rates for 1-3 month terms at Vietcombank and Agribank are even listed below 2% per year.

Interest rates on deposits with maturities of 12-36 months at banks currently range from 5% per year, as of May 11th.
BANK 12 MONTHS 18 MONTHS 24 MONTHS 36 MONTHS
OCEANBANK 5.4 5.9 6 6.1
OCB 4.9 5.4 5.8 6
VIETBANK 5.2 5.8 5.8 5.8
SAIGONBANK 5 5,6 5.7 5.8
SHB 4.9 5.2 5.5 5.8
NCB 5.2 5.7 5.7 5.7
LPBANK 5 5,6 5,6 5,6
TPBANK 4.9 5.3 5,6 5,6
HDBANK 5 5.9 5.5 5.5
KIENLONGBANK 5.2 5.5 5.5 5.5
BAC A BANK 5.1 5.5 5.5 5.5
NAM A BANK 5.1 5.5 5.5 5.5
BAOVIETBANK 4.7 5.5 5.5 5.5
VIET A BANK 4.8 5.1 5.4 5.4
PGBANK 4.7 5 5.4 5.4
SACOMBANK 4.9 5.1 5.2 5.4
BVBANK 4.85 5.25 5.25 5.35
PVCOMBANK 4.8 5.3 5.3 5.3
GPBank 5.15 5.25 5.25 5.25
CBBANK 5 5.25 5.25 5.25
EXIMBANK 4.9 5.1 5.2 5.2
VPBANK 4.8 4.8 5.2 5.2
VIETINBANK 4.7 4.7 5 5