Where is the highest 1-month deposit rate?

Bank interest rates today, July 12: A bank unexpectedly increases deposit interest rates . Bank interest rates today, July 12, the market has changed in the opposite direction when a bank unexpectedly increased deposit interest rates for terms of 6 months or more.

From July 11, Vietnam Thuong Tin Commercial Joint Stock Bank ( VietBank ) reduced interest rates by 0.2 percentage points for terms from 6 to 11 months.

Accordingly, the online mobilization interest rate for a 6-month term is 7.4%/year. The 7-8 month term is 7.6%/year, and the 9-11 month term is 7.5%/year.

VietBank maintains the interest rates for long-term deposits. The 12-month term is 7.7%/year, the 13-month term is 7.8%/year. The 15-month term is 7.6%/year, and the 18-36-month term is 7.5%/year.

Similarly, Ocean Commercial Joint Stock Bank ( OceanBank ) reduced interest rates for terms from 6 to 13 months by 0.2 percentage points.

Online deposit interest rate for 6-8 month term is 7.1%/year. 9-11 month term is 7.2%/year, 12-13 month term is 7.3%/year.

Meanwhile, interest rates for 15-month (7.5%/year) and 18-36-month (7.8%/year) terms remain unchanged.

Maritime Commercial Joint Stock Bank ( MSB ) also adjusted its deposit interest rates down by 0.2 percentage points for terms from 6-36 months.

Currently, the online mobilization interest rate for 6-11 month term is 7.1%/year, and for 12-36 month term is 7.2%/year.

Since the beginning of July, 14 banks have reduced deposit interest rates, including: TPBank, ABBank, Saigonbank, SHB , NamA Bank, Eximbank, LPBank, VPBank, OCB, BacA Bank, BVBank, VietBank, OceanBank and MSB.

HIGHEST DEPOSITS INTEREST RATE TABLE ON 11/7 (%/year)
BANK	1 MONTH	3 MONTHS	6 MONTHS	9 MONTHS	12 MONTHS	18 MONTHS
CBBANK	4.2	4.3	7.85	7.95	8.15	8.25
VIETBANK	4.75	4.75	7.4	7.5	7.7	7.5
GPBANK	4.75	4.75	7.55	7.65	7.75	7.85
ABBANK	4.75	4.75	7.5	7.55	7.6	7.4
BACA BANK	4.75	4.75	7.45	7.55	7.6	7.7
VIETA BANK	4.6	4.6	7.4	7.4	7.6	7.6
NAMA BANK	4.65	4.65	7.3	7.4	7.7	7.5
NCB	4.75	4.75	7.3	7.4	7.6	7.5
OCEANBANK	4.75	4.75	7.1	7.2	7.3	7.8
PGBANK	4.75	4.75	7.3	7.3	7.5	7.5
EXIMBANK	4.75	4.75	7.3	7.5	7.4	7.6
MSB	4.75	4.75	7.1	7.1	7.2	7.2
HDBANK	4.25	4.25	7.3	6.9	7.3	7.1
OCB	4.6	4.75	7	7.1	7.3	7.1
BVBANK	4.4	4.7	7	7.1	7.3	7.4
PVCOMBANK	4.25	4.25	7	7.4	7.7	7.8
BAOVIETBANK	4.6	4.7	7	7.1	7.7	7.6
SHB	4.75	4.75	7	7.1	7.2	7.2
ACB	4.65	4.65	6.6	6.6	6.7
TECHCOMBANK	4.45	4.45	6.9	6.9	6.9	6.9
SCB	4.75	4.75	6.85	6.85	6.95	6.85
SAIGONBANK	4.75	4.75	6.8	6.9	7.2	7.2
SEABANK	4.75	4.75	6.8	6.95	7.1	6.9
VIB	4.75	4.75	6.8	6.8		7
VPBANK	4.45	4.45	6.7	6.7	6.7	6.1
KIENLONGBANK	4.75	4.75	6.7	6.9	7.1	7.3
TPBANK	4.55	4.75	6.7		6.7	6.7
SACOMBANK	4.75	4.75	6.6	6.9	7.2	7.35
MB	4.55	4.55	6.6	6.7	7.2	7
LPBANK	4.55	4.55	6.4	6.4	6.6	6.8
AGRIBANK	4.3	4.5	5.7	5.7	6.3	6.3
BIDV	4	4.5	5.6	5.6	6.3	6.3
VIETCOMBANK	3.6	4.3	5.2	5.2	6.3	6.3
VIETINBANK	3.4	4.1	5	5	6.3	6.3

Regarding lending activities of banks, yesterday (July 10), the State Bank of Vietnam (SBV) announced an adjustment of credit growth targets for credit institutions (CIs) to provide more credit capital to promptly meet the needs of the economy but not be subjective with inflation risks.
Accordingly, the State Bank has adjusted the credit growth target for 2023 for credit institutions to a system-wide level of about 14%.

Previously, from the beginning of 2023, based on the economic growth and inflation targets of the National Assembly and the Government, the State Bank of Vietnam set a credit growth target of about 14-15% in 2023, with adjustments appropriate to the actual situation.

The adjustment of credit growth targets for credit institutions is carried out by the State Bank based on the proposals of credit institutions, the operational situation, financial capacity, governance and ability to expand healthy credit of each credit institution, ensuring liquidity and operational safety of the credit institution system.

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