National Commercial Bank (NCB) has just adjusted its deposit interest rates downwards for the third time since the beginning of the month. Interest rates for 1-5 month deposits decreased by 0.1 percentage point, 6-11 month deposits decreased by 0.2 percentage points, and 12-15 month deposits decreased by 0.1 percentage point.

Specifically, online deposit interest rates for a 1-month term are currently 3.9%/year, 2 months are 4%/year, and 3-5 months are 4.1%/year. Interest rates for 6-8 month terms are 5.05%/year, 9-11 months are 5.15%/year, 12 months are 5.5%/year, 13 months are 5.6%/year, and 15 months are 5.8%/year.

NCB maintains its interest rates for terms from 18-60 months at 6% per annum. These are also the highest interest rates for deposit terms and NCB is one of the few banks currently maintaining a 6% per annum rate.

Similarly, Viet A Bank has reduced deposit interest rates for the third time since the beginning of the month. Interest rates for 1-2 month terms decreased by 0.3 percentage points to 3.6%/year, and for 3-5 month terms decreased by 0.2 percentage points to 3.7%/year.

The 6-month term interest rate decreased by 0.3 percentage points to 4.8% per year, while terms from 7-11 months decreased by 0.2 percentage points to 4.9% per year.

Deposit interest rates for terms from 12 to 36 months also decreased by 0.2 percentage points compared to before. Specifically, the rate for 12-13 months is now 5.2%/year, 15 months is 5.5%/year, 18 months is 5.6%/year, and 24-36 months is 5.7%/year.

KienLong Commercial Joint Stock Bank (KienLong Bank) also reduced deposit interest rates for the third time this month. In this adjustment, KienLong Bank reduced interest rates by 0.2 percentage points for deposit terms from 6 to 36 months. The 6-month term has an interest rate of 4.8%/year, 9 months 5%/year, 12 months 5.1%/year, 13 months 5.2%/year, and the highest rate for 18-36 months is 5.6%/year.

KienLong Bank maintains interest rates for terms of 1-5 months at 3.95%/year.

Also this morning, Nam A Commercial Bank (Nam A Bank) reduced deposit interest rates. However, the adjustment only applied to terms from 1 to 5 months. Accordingly, the interest rate for 1-2 month deposits decreased by 0.2 percentage points to 3.1%/year, the 3-month rate decreased sharply by 0.4 percentage points to 3.6%/year, and the 4-5 month rate also decreased similarly to 3.8%/year.

Nam A Bank maintains the same deposit interest rates for remaining terms. Online deposit interest rates for 6-8 month terms are 4.9%/year, 9-11 month terms are 5.2%/year, 12-17 month terms are 5.7%/year, and 18-36 month terms are 6.1%/year.

Notably, Military Commercial Joint Stock Bank (MB) has reduced deposit interest rates for the first time this year, effective today. Deposit interest rates for terms from 1 to 5 months have been adjusted down by 0.1 percentage point. The rates are now 2.6%/year for 1 month, 2.8%/year for 2 months, 2.9%/year for 3 months, 3.2%/year for 4 months, and 3.3%/year for 5 months.

MB reduced interest rates by 0.2 percentage points for terms of 6-11 months. The rate for 6-8 months is now 3.9%/year, for 9-10 months it is 4.1%/year, and for 11 months it is 4.2%/year.

This bank reduced interest rates by 0.1 percentage point for terms ranging from 12 to 36 months. The interest rate for 12-15 month terms is now 4.8% per year, 18 months is 5.2% per year, and 24 months is 5.9% per year.

The highest interest rate offered by MB Bank is currently 6.1% per year, applicable to deposits with terms of 36-60 months.

Apart from MB, KienLong Bank, Nam A Bank, Viet A Bank, and NCB, deposit interest rates at the remaining banks remain unchanged.

Since the beginning of January 2024, 27 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, VPBank, SeABank, MSB, Nam A Bank, and MB.

Specifically, OCB, GPBank, SHB, VIB, Bac A Bank , and VPBank have reduced interest rates for the second time since the beginning of January.

SHB, NCB, Viet A Bank, and KienLong Bank have even reduced interest rates up to three times.

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

TABLE OF HIGHEST DEPOSIT INTEREST RATES ON JANUARY 22, 2024
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
VIETBANK 3.7 3.9 5.1 5.2 5.5 5.9
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
NCB 3.9 4.1 5.05 5.15 5.5 6
BVBANK 3.8 3.9 5.05 5.2 5.5 5.55
PVCOMBANK 3.05 3.05 5 5 5.1 5.4
ABBANK 3.15 3.35 5 4.4 4.4 4.4
BAC A BANK 3.6 3.8 4.9 5 5.2 5,6
DONG A BANK 3.9 3.9 4.9 5.1 5.4 5,6
NAMA BANK 3.1 3.6 4.9 5.2 5.7 6.1
PGBANK 3.1 3.5 4.9 5.3 5.8 6.1
VIET A BANK 3.6 3.7 4.8 4.9 5.2 5,6
KIENLONGBANK 3.95 3.95 4.8 5 5.1 5,6
SHB 3.1 3.3 4.8 5 5.3 5.8
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
SEABANK 3.4 3.6 4.15 4.3 4.75 5
MSB 3.5 3.5 3.9 3.9 4.3 4.3
MB 2.6 2.9 3.9 4.1 4.8 5.2
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
MB 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