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

Specifically, the interest rate for online deposits for a term of 1 month is currently 3.9%/year, for a term of 2 months is 4%/year and for a term of 3-5 months is 4.1%/year. The interest rate for a term of 6-8 months is 5.05%/year, for a term of 9-11 months is 5.15%/year, for a term of 12 months is 5.5%/year, for a term of 13 months is 5.6%/year and for a term of 15 months is 5.8%/year.

NCB keeps the interest rate for 18-60 month terms at 6%/year. These are also the deposit terms with the highest interest rates and are one of the few banks that still maintain the 6%/year rate.

Similarly, Viet A Commercial Joint Stock Bank (Viet A Bank) has reduced its deposit interest rates for the third time since the beginning of the month. The interest rate 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 decreased by 0.3 percentage points to 4.8%/year, while the 7-11 month terms decreased by 0.2 percentage points to 4.9%/year.

Interest rates for 12-36 month terms also decreased by 0.2 percentage points compared to before. Specifically, 12-13 month terms are now 5.2%/year, 15 month terms are now 5.5%/year, 18 month terms are now 5.6%/year and 24-36 month terms are now 5.7%/year.

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

KienLong Bank keeps interest rates for 1-5 month terms at 3.95%/year.

Also this morning, Nam A Commercial Joint Stock Bank (Nam A Bank) reduced its deposit interest rates. However, it only adjusted the term from 1-5 months. Accordingly, the deposit interest rate for 1-2 months decreased by 0.2 percentage points to 3.1%/year, 3 months decreased sharply by 0.4 percentage points to 3.6%/year, 4-5 months also decreased similarly to 3.8%/year.

Nam A Bank keeps the interest rates unchanged for the remaining terms. The online interest rate for 6-8 month terms is 4.9%/year, 9-11 month is 5.2%/year, 12-17 month is 5.7%/year, 18-36 month is 6.1%/year.

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

MB reduced interest rates by 0.2 percentage points for terms from 6-11 months. Terms from 6-8 months to 3.9%/year, 9-10 months to 4.1%/year, 11 months to 4.2%/year.

This bank reduced interest rates by 0.1 percentage points for terms from 12 to 36 months. The interest rate for 12 to 15 months is 4.8%/year, for 18 months it is 5.2%/year, and for 24 months it is 5.9%/year.

The highest bank interest rate at MB is 6.1%/year applied to term deposits from 36-60 months.

Apart from MB, KienLong Bank, Nam A Bank, Viet A Bank and NCB, interest rates at other 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, MB.

Of which, OCB, GPBank, SHB, VIB, Bac A Bank , 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 3 times.

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

HIGHEST DEPOSITS INTEREST RATE TABLE 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
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