Bank interest rates on December 16th: Exceeding 8%, highest in two years.

Deposit interest rates have risen sharply across the board, with PVcomBank leading the way with rates potentially reaching 8.3% per year, reflecting the intense competition for funding at the end of the year.

Interest rates have surpassed their two-year high.

The banking interest rate market on December 16, 2025, witnessed a sharp and widespread increase, pushing deposit rates to their highest level in over two years. Notably, many banks adjusted their interest rate schedules to exceed 8% per annum for long-term maturities, subject to specific conditions.

This move comes amidst increased demand for credit and liquidity at the end of the year, intensifying the competition among credit institutions to raise capital. Since the beginning of December, 19 banks have adjusted their deposit interest rates upwards.

PVcomBank leads the upward trend.

On December 16th, PVcomBank became the center of attention when it announced a new interest rate schedule with significant increases across most maturities. Specifically, for online deposits, interest rates for maturities from 1 to 5 months were uniformly raised to the maximum of 4.75% per year.

Of these, the 1-month term saw the strongest increase, rising by 0.8 percentage points. Terms from 2 to 5 months also increased by 0.45 to 0.7 percentage points.

For longer terms, deposit interest rates for 6 to 11 months were adjusted upwards by 0.6 percentage points, to 5.8% per year. Terms of 12 months or more also officially surpassed 6% per year after an additional 0.5 percentage point increase. Accordingly, the 12-month term has an interest rate of 6.1% per year, the 13-month term is 6.3% per year, and terms from 15 to 36 months are listed at 6.8% per year.

Special offer pushes interest rate up to 8.3%

In addition to adjusting its listed interest rates, PVcomBank is also offering an additional interest rate of up to 1.5% per year for customers who deposit savings online on Fridays in December. This program applies to deposits of 100 million VND or more with a term of 12 months or longer.

With this offer, the effective interest rate at PVcomBank can reach 7.6%/year for a 12-month term, 7.8%/year for a 13-month term, and up to 8.3%/year for terms from 15 to 36 months. This is one of the highest interest rates on the market today.

In addition, the bank continues to maintain a special interest rate of 9% per annum for deposits of VND 2 trillion or more with a term of 12-13 months.

General market context

The wave of interest rate increases is not limited to PVcomBank but has spread throughout the entire banking system. The highest interest rates on the market currently range from 6.5% to 9% per year, but these often come with conditions requiring large deposit amounts. Other banks such as Vikki Bank, HDBank , and Nam A Bank also offer attractive interest rates from 7.7% to over 8% per year with similar conditions.

The increased competition for capital mobilization indicates that banks are actively preparing resources to meet market demand during the peak period at the end of the year. Interest rates are expected to continue to fluctuate in the coming period.

Source: https://baolamdong.vn/lai-suat-ngan-hang-1612-vuot-moc-8-cao-nhat-trong-hai-nam-410862.html