Bank interest rates on December 16th: PVcomBank pushes interest rates above 8% per year.

Deposit interest rates have risen sharply, reaching their highest level in over two years, as PVcomBank and 18 other banks simultaneously adjusted them upwards due to year-end liquidity pressure.

Deposit interest rates have surpassed 8%, reaching their highest level in over two years.

As of December 16, 2025, the deposit interest rate market in Vietnam witnessed a sharp and widespread increase, pushing the general level to its highest point in over two years. This move was led by PVcomBank and nearly 20 other banks, amidst increasing liquidity pressure at the end of the year.

PVcomBank leads the latest interest rate hike.

According to the latest online savings interest rate schedule published by PVcomBank, short-term deposits from 1 to 5 months have been adjusted upwards to a maximum of 4.75% per year. The 1-month term saw the strongest increase, up to 0.8 percentage points. Terms from 2 to 5 months also increased by 0.45 to 0.7 percentage points.

For medium-term deposits, ranging from 6 to 11 months, interest rates were raised by 0.6 percentage points, reaching 5.8% per annum. Longer terms also saw significant adjustments:

• 12-month term: 6.1%/year
• 13-month term: 6.3%/year
• Term of 15 to 36 months: 6.8%/year

The promotional program pushed interest rates up to 8.3%.

In addition to adjusting its listed interest rates, PVcomBank is also offering a promotional program that provides an additional interest rate of up to 1.5% per year for customers who deposit savings online. Specifically, individual customers who open a new online deposit account on the PVConnect platform on Fridays in December, with an amount of 100 million VND or more and a term of 12 months or longer, will enjoy an attractive effective interest rate:

• 12-month term: Up to 7.6%/year
• 13-month term: Up to 7.8%/year
• Term 15-36 months: Up to 8.3%/year

The 8.3%/year rate is considered the highest interest rate on the market in over two years for savings products that do not require a very large balance. In addition, PVcomBank maintains a special interest rate of 9%/year for its Public Deposit product, applicable to customers depositing VND 2,000 billion or more for a term of 12-13 months.

The trend of rising interest rates is spreading throughout the system.

PVcomBank's move comes amidst a widespread wave of interest rate increases. Since the beginning of December 2025, 19 banks have adjusted their deposit interest rates upwards, with some banks even raising them twice in a short period. This indicates increasing competitive pressure for capital as credit and liquidity demand surges at the end of the year.

Currently, the highest interest rates on the market range from 6.5% to 9% per year; however, most of these rates are usually accompanied by very large deposit amounts. Besides PVcomBank, several other banks such as Vikki Bank, HDBank , and Nam A Bank also list interest rates from 7.7% to over 8% per year with similar conditions. This increase has established a new, significantly higher level for deposit interest rates compared to before, with rates above 6% per year for medium and long-term deposits becoming more common.

Source: https://baodanang.vn/lai-suat-ngan-hang-1612-pvcombank-day-lai-suat-vuot-8nam-3315121.html