Many banks increase deposit interest rates: What do experts predict?

According to the Vietnam Banking Association, since the beginning of July 2025, some banks have continued to increase savings interest rates. Typically, VPBank increased savings interest rates for terms of 1-36 months by 0.1%/year; Techcombank increased deposit interest rates for terms of 1-36 months by 0.1-0.2%/year.

Most recently, the Vietnam Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCBNeo) also increased its deposit interest rate by 0.2% per year, applied to deposits with terms from 1-7 months.

Along with that, some banks such as SeABank and Techcombank apply the policy of giving additional interest rates to depositors. Specifically, customers who make online savings deposits at SeABank receive preferential interest rates of up to 0.5%/year, applied to deposits from 100 million VND, with terms of 6, 12, 13 months.

At Techcombank, online deposit interest rates for terms of 3, 6, and 12 months will be increased by up to 1%/year when depositing from 100 million VND. In addition, some other banks such as NCB, LPBank, Bac A Bank, VPBank, HDBank... have also increased savings interest rates for some terms in recent times.

Deposit interest rates are about to increase. (Illustration photo)

Currently, the highest deposit interest rates at banks range from 6-9.65%/year. But to enjoy this interest rate, customers must meet special conditions.

ABBank leads with special interest rates, at 9.65%/year for customers opening new/renewing savings deposits of VND 1,500 billion or more, with a term of 13 months.

PVcomBank also applies a special interest rate of 9%/year for a 12-13 month term when depositing money at the counter. The condition is that customers must maintain a minimum balance of VND2,000 billion.

HDBank applies an interest rate of 8.1%/year for a 13-month term and 7.7%/year for a 12-month term, with the condition of maintaining a minimum balance of VND 500 billion.

Vikki Bank applies an interest rate of 7.5%/year for deposits with a term of 13 months or more, with a minimum amount of VND999 billion; Bac A Bank is listing the highest interest rate of 6.2% for a term of 18-36 months for deposits over VND1 billion; IVB applies an interest rate of 6.15% for a term of 36 months, conditions applicable to deposits from VND1,500 billion or more.

ACB applies an interest rate of 6%/year for a 13-month term with interest paid at the end of the term when customers have a deposit balance of 200 billion VND or more.

At LPBank, with deposits of 300 billion VND or more, the interest rate applied to customers receiving interest at the end of the term is 6.5%/year, monthly interest is 6.3%/year and interest at the beginning of the term is 6.07%/year.

Deposit interest rates will continue to increase

Commenting on the development of bank deposit interest rates, expert Nguyen Quang Huy, CEO of the Faculty of Banking and Finance at Nguyen Trai University, said that in the last 6 months of the year, bank deposits may still reach new records when people's savings are the main trend.

Explaining his opinion, Mr. Huy further analyzed that with the real estate channel, after a "hot" increase, the market in recent months has shown signs of slowing down. In addition, the lack of synchronous legal regulations also makes many people cautious.

Regarding the stock market, although the market index has improved, there are still potential risks when the international and domestic economic context is still uncertain. Investors are waiting for clearer signals when the macro economy is stable, international trade conflicts are resolved and there are steps in upgrading the market.

Not to mention this channel is only suitable for investors with experience and knowledge to understand the rules of the game. In fact, many new or "inexperienced" investors will easily lose money.

" With the gold and foreign currency channels, gold prices have recently slowed down after reaching record highs. The previous strong fluctuations and reversals have also made many people worried about risks. Moreover, buying gold has become difficult due to a shortage of supply. Meanwhile, the foreign currency channel is limited by foreign exchange market management policies and exchange rate risks," Mr. Huy analyzed.

Therefore, Mr. Huy believes that bank deposits will still be a safe financial channel chosen by many people in the coming time.

Meanwhile, expert Nguyen Tri Hieu said that in the last months of the year, banks' deposit interest rates will increase to continue attracting more capital from people.

According to Mr. Hieu, although bank interest rates have been low recently, the amount of money people deposit in banks has still increased to a record level. Therefore, in the coming time, to mobilize more capital, banks will increase interest rates.

"One of the reasons why people still put money into banks despite low interest rates is that compared to other investment channels such as stocks, gold, real estate, digital currency, etc., savings always have the advantage of being safe and less volatile.

Especially for those who do not like risk appetite or whose main purpose is to preserve assets, banks are the most suitable storage channel," said Mr. Hieu.

Thanh Lam

Source: https://vtcnews.vn/hang-loat-ngan-hang-tang-lai-suat-tien-gui-chuyen-gia-du-bao-gi-ar955305.html