Online deposits and large deposit balances continue to receive high interest rates

Consulting on interest rates for customers at the Joint Stock Commercial Bank for Investment and Development of Vietnam. Photo: Nguyen Quang

On July 21, Eximbank is leading the market in online deposit interest rates when the 3-month term is listed as the highest at 4.7%/year. Also with high 3-month term interest rates are banks such as VCBNeo at 4.55%/year, MBV and VietBank (4.4%/year); BaoVietBank and Vikki Bank (4.35%/year); NCB (4.2%/year); BVBank (4.15%/year); Bac A Bank and OCB (4.1%/year); GPBank (4.05%/year); Nam A Bank and Viet A Bank (4%/year).

Notably, the Bank for Foreign Trade of Vietnam (VCBNeo) has been on the list of banks adjusting interest rates since the beginning of July, following Techcombank , VPBank and Bac A Bank. Accordingly, online deposits for terms from 1 month to 7 months at VCBNeo increased by 0.2%/year.

Specifically, online interest rates, listed for 1-month and 2-month terms, have increased to 4.35%/year, 5-month terms have been adjusted up to 4.7%/year; 6-7-month terms have increased to 5.6%/year. The following terms remain unchanged, with the highest rate for online deposits being 5.55%/year for terms from 13 months to 60 months.

As usual, along with preferential interest rates for customers using online savings services, banks also implement preferential policies for groups of customers with large balances under specific conditions. For example, PVcomBank applies an interest rate of up to 9%/year for a 12-month term when depositing at the counter with a minimum amount of VND2,000 billion.

HDBank offers a 7.70%/year interest rate for a 12-month term, applicable to customers maintaining a balance of VND500 billion or more. MSB applies an interest rate of 7%/year to customers opening savings accounts from 2018, with the condition of depositing VND500 billion or more.

DongA Bank is applying an interest rate of 7.50%/year for a term of 13 months, with a minimum deposit of VND200 billion. Bac A Bank also has an interest rate program of 6.35%/year for a term of 24 months, applied to customers depositing from VND1 billion.

At the group of state-owned banks Agribank, Vietcombank, BIDV and VietinBank, interest rates range from 1.6%/year to 4.8%/year for the form of interest payment at the end of the term, applied at the counter for individual customers with terms of 1-36 months.

Notably, Agribank is still leading in many terms such as interest rate of 2.1%/year for 1-2 month term, while the remaining three banks are at 1.6%/year.

For a term of 3-5 months, Agribank listed an interest rate of 2.4%/year, much higher than the 1.9%/year of VietinBank, Vietcombank, BIDV; for a term of 6 months to 11 months, Agribank also took the lead with 3.5%/year, exceeding the 2.9-3%/year of the remaining banks.

For 12-month terms, Agribank, VietinBank, and BIDV apply an interest rate of 4.7% per year, while Vietcombank lists 4.6% per year. For 24 months or more, Vietcombank announces an interest rate of 4.7% per year, while BIDV, VietinBank, and Agribank all maintain 4.8% per year.

According to the results of the survey on business trends of credit institutions in the third quarter of 2025 announced by the State Bank, the liquidity situation is forecasted to continue to improve in the third quarter and the whole year of 2025 compared to 2024, in which the expectation of improvement in 2025 is higher than in the previous survey but still lower than the level of improvement assessed for 2024.

Source: https://hanoimoi.vn/huy-dong-truc-tuyen-va-so-du-gui-lon-tiep-tuc-nhan-lai-suat-cao-709837.html