Bac A Commercial Joint Stock Bank ( Bac A Bank ) reduced deposit interest rates for the second time this month when posting a new interest rate schedule from January 19.

Accordingly, this bank reduced 0.1 percentage point of interest rates for deposit terms from 1-5 months, and reduced 0.2 percentage point of interest rates for terms from 6-36 months.

According to Bac A Bank 's new interest rate schedule, the interest rate for 1-2 month deposits is currently 3.6%/year, 3 month deposits are 3.8%/year, 4 and 5 month deposits are 4% and 4.2%/year respectively.

Bank interest rates for terms of 6-8 months have now dropped to only 4.9%/year, terms of 9-11 months are 5%/year, terms of 12-13 months are 5.2%/year and terms of 15 months have an interest rate of 5.4%/year.

The highest bank interest rate at Bac A Bank belongs to deposit terms from 18-36 months when it is listed at 5.6%/year.

Meanwhile, Saigon - Hanoi Commercial Joint Stock Bank ( SHB ) has just reduced its deposit interest rate for the third time since the beginning of January 2024. Previously, SHB had reduced interest rates twice on January 2 and January 17.

The online interest rate table on January 19 shows that the 1-2 month term interest rate has just dropped to only 3.1%/year, down 0.3 and 0.4 percentage points respectively compared to yesterday.

The 3-month term bank interest rate also decreased sharply by 0.4 percentage points to 3.3%/year, while the 4-month term decreased slightly by 0.1 percentage points to 3.8%/year, and the 5-month term remained unchanged at 3.9%/year.

SHB also reduced the interest rate for 6-month deposits by 0.1 percentage point, down to 4.8%/year. The bank kept the old interest rate for the remaining terms.

Specifically, the bank interest rate for 7-8 month term is 4.9%/year, 9 month term is 5%/year, 10-11 month term is 5.1%/year, 12 month term is 5.3%/year, 13 month term is 5.4%/year, 15 month term is 5.5%/year, 18 month term is 5.8%/year and 24-36 month term has interest rate up to 6.2%/year.

Vietnam Prosperity Joint Stock Commercial Bank ( VPBank ) has also just reduced interest rates for deposits with terms from 1-5 months. This is the second time this month that the bank has reduced interest rates.

According to the online interest rate table applied to newly opened accounts under 1 billion VND, the interest rate for 1-2 month terms at VPBank is now only 3.1%/year, down 0.2 percentage points compared to before. The 3-5 month terms have been adjusted down 0.1 percentage points to 3.3%/year.

VPBank maintains the old interest rates for the remaining deposit terms. Specifically, the 6-11 month term has an interest rate of 4.4%/year, the 12-month term has an interest rate of 5.1%/year, and the 15-18 month term is 5.2%/year.

Compared to term deposit accounts under VND1 billion, VPBank adds 0.1 percentage point of interest rate for deposits from VND1 billion to under VND3 billion; adds 0.2 percentage point of interest rate for deposits from VND3 billion to under VND10 billion; and adds 0.3 percentage point of interest rate for deposits from VND10 billion or more.

Also today, Maritime Commercial Joint Stock Bank ( MSB ) sharply reduced interest rates for terms from 6-36 months. The online interest rate table of this bank shows that the interest rate for terms from 6-11 months decreased by 0.3 percentage points to only 3.9%/year.

MSB has adjusted the interest rate for deposits with terms from 12-36 months down by 0.6 percentage points to 4.3%/year.

MSB maintains interest rates for terms from 1-5 months at 3.5%/year.

However, this bank still applies a “special interest rate” of 4.4% for 6-month deposits; 4.6%/year for 12-month, 15-month and 24-month deposits. This policy applies to new customers who do not have a savings book at MSB.

In addition, customers depositing money at the counter can also receive interest rates of up to 8.5%/year, applied for 12 and 13 month terms with deposits of VND 500 billion or more.

HIGHEST DEPOSITS INTEREST RATES ON JANUARY 19
BANK 1 MONTH 3 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS 18 MONTHS
HDBANK 3.45 3.45 5.3 5 5.5 6.3
NCB 4.05 4.25 5.25 5.35 5.6 6
VIETBANK 3.7 3.9 5.1 5.2 5.5 5.9
VIET A BANK 3.9 3.9 5.1 5.1 5.4 5.8
BAC A BANK 3.6 3.8 4.9 5 5.2 5.6
BAOVIETBANK 3.8 4.15 5.1 5.2 5.6 5.8
CBBANK 4.2 4.3 5.1 5.2 5.4 5.5
BVBANK 3.8 3.9 5.05 5.2 5.5 5.55
PVCOMBANK 3.05 3.05 5 5 5.1 5.4
KIENLONGBANK 3.95 3.95 5 5.2 5.3 5.8
ABBANK 3.15 3.35 5 4.4 4.4 4.4
SHB 3.1 3.3 4.8 5 5.3 5.8
DONG A BANK 3.9 3.9 4.9 5.1 5.4 5.6
NAMA BANK 3.3 4 4.9 5.2 5.7 6.1
PGBANK 3.1 3.5 4.9 5.3 5.8 6.1
OCEANBANK 3.7 3.9 4.8 5 5.5 5.7
GPBANK 2.9 3.42 4.75 4.9 4.95 5.05
SACOMBANK 3.6 3.8 4.7 4.95 5 5.1
OCB 3 3.2 4.6 4.7 4.9 5.4
EXIMBANK 3.4 3.7 4.6 5 5.1 5.5
VIB 3.2 3.4 4.5 4.5 5.2
VPBANK 3.1 3.3 4.4 4.4 5.1 5.2
LPBANK 2.8 3.1 4.3 4.4 5.3 5.7
TPBANK 3 3.2 4.2 4.9 5.1
SAIGONBANK 2.8 3 4.2 4.4 5.1 5.5
MSB 3.5 3.5 3.9 3.9 4.3 4.3
SEABANK 3.4 3.6 4.15 4.3 4.75 5
MB 2.7 3 4.1 4.3 4.9 5.4
ACB 2.9 3.2 3.9 4.2 4.8
TECHCOMBANK 2.75 3.15 3.75 3.8 4.75 4.75
AGRIBANK 1.8 2.1 3.4 3.4 5 5
BIDV 2 2.3 3.3 3.3 5 5
VIETINBANK 1.9 2.2 3.2 3.2 5 5
SCB 1.75 2.05 3.05 3.05 4.75 4.75
VIETCOMBANK 1.7 2 3 3 4.7 4.7

Since the beginning of January, 25 banks have reduced deposit interest rates, including: BaoViet Bank, GPBank, Eximbank, SHB, Bac A Bank, KienLong Bank, LPBank, OCB, VIB, TPBank, ABBank, NCB, Viet A Bank, Vietcombank, PVCombank, SCB, HDBank, VietBank, Techcombank, Agribank, BIDV, VietinBank, SeABank, MSB.

Of which, OCB, KienLongBank, NCB, Viet A Bank, GPBank, SHB, VIB, Bac A Bank, VPBank have reduced interest rates for the second time since the beginning of January; SHB has even reduced interest rates up to 3 times.

On the contrary, ACB, ABBank and VPBank are banks that have increased deposit interest rates since the beginning of the month.