The Agricultural and Rural Development Bank ( Agribank ) has adjusted deposit interest rates for the second time this month, with a record low reduction.

Specifically, interest rates for 1-2 month terms decreased sharply by 0.5 percentage points to 2.2%/year. Interest rates for 3-5 month terms decreased by 0.8 percentage points to 2.5%/year. Thus, Agribank's deposit interest rates for 1-5 month terms are now equal to those of Vietcombank , the lowest in the market.

For terms of 6-9 months, Agribank sharply reduced its interest rate by 0.6 percentage points to just 3.6%/year (0.1 percentage point higher than Vietcombank).

Agribank maintained its interest rates at 5%/year for 12-18 month terms and 5.5%/year for 24-36 month terms (the same as BIDV and VietinBank).

Lien Viet Post Commercial Bank (LPBank) reduced deposit interest rates by 0.3 percentage points across all maturities from 1 to 60 months. This is the first time LPBank has lowered deposit interest rates since October 16th.

Interest rates for 1-2-3 month terms are 3.5%, 3.6%, and 3.7% per year respectively, while for 4-5 month terms they are 3.8% and 3.9% respectively.

For terms of 6-8 months, LPBank reduced its interest rate to just 4.8%/year, and for 12 months to only 4.9%/year.

For deposit terms of 10 months or more, LPBank maintains interest rates above 5%. The rates for 10 and 11-month terms are 5% and 5.1% per year, respectively. The 12-month term is 5.3% per year, and for 13-16 month terms it is 5.4% per year. Notably, the 18-month term is currently at 5.7% per year.

Despite a 0.3 percentage point decrease, interest rates for terms from 24 to 60 months remain above 6%, specifically 6.1% per year. This is also one of the highest deposit interest rates currently available on the market.

Vietnam International Commercial Bank (VIB) continues to uniformly reduce interest rates by 0.2 percentage points across all terms from 1 to 36 months. The lowest interest rate is for the 1-month term at 3.4%. Terms from 2 to 5 months are at 3.5%/year.

For deposits of 6-11 months, the interest rate is only 4.7%/year, and for 15-18 months it is 5.1%/year. The highest deposit interest rate at VIB is for the 24-36 month term at 5.3%/year.

Vietnam Prosperity Commercial Bank (VPBank) has further reduced deposit interest rates for the third time, by 0.2 – 0.3 percentage points across certain maturities.

Specifically, interest rates for 1-2 month terms decreased by 0.2 percentage points to just 3.3%/year, and for 3-5 month terms decreased by 0.3 percentage points to 3.4%/year. VPBank reduced interest rates for 6-11 month terms by 0.2 percentage points to 4.3%/year.

The remaining terms remain unchanged. The 12-month term is 5.1%/year, the 13-15 month term is 5.2%/year (the highest rate at VPBank), and the 18-36 month term is 5.1%/year.

Since the beginning of the month, more than 20 banks have reduced deposit interest rates, including HDBank, Techcombank, Eximbank, KienLongBank, SCB, PGBank, MB, MSB, NamA Bank, ABBank, Vietcombank, BIDV, VIB, VPBank, TPBank, Saigonbank, VietBank, ACB, VietinBank, Agribank, and LPBank.

Among them, MB, Eximbank, SCB, Techcombank, VPBank, KienlongBank, and Agribank are the banks that have reduced interest rates twice since the beginning of the month.

In particular, BIDV and VPBank have adjusted their deposit interest rates downwards three times this month, while VIB has reduced interest rates four times.

TABLE OF HIGHEST DEPOSIT INTEREST RATES AT BANKS ON DECEMBER 22
BANK 1 MONTH 3 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS 18 MONTHS
HDBANK 3.65 3.65 5.5 5.2 5.7 6.5
OCEANBANK 4.3 4.5 5.5 5,6 5.8 5.8
KIENLONGBANK 3.95 3.95 5.4 5,6 5.7 6.2
NCB 4.25 4.25 5.35 5.45 5.7 6
VIETBANK 3.8 4 5.3 5.4 5.7 6.1
BAOVIETBANK 4.2 4.55 5.3 5.4 5,6 6
VIET A BANK 4.3 4.3 5.3 5.3 5,6 6
PVCOMBANK 3.35 3.35 5.3 5.3 5.4 5.7
GPBank 4.05 4.05 5.25 5.35 5.45 5.55
ABBANK 3.2 3.5 5.2 4.5 4.3 4
BAC A BANK 3.8 4 5.2 5.3 5.5 5.85
SHB 3.5 3.8 5.2 5.4 5,6 6.1
CBBANK 4.2 4.3 5.1 5.2 5.4 5.5
LPBANK 3.5 3.7 5.1 4.8 5.3 5.7
OCB 3.8 4 5.1 5.2 5.4 6.1
BVBANK 3.8 3.9 5.05 5.2 5.5 5.55
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
VIB 3.4 3.5 4.7 4.7 5.1
EXIMBANK 3.5 3.8 4.7 5.1 5.2 5,6
MSB 3.8 3.8 4.7 5.4 5.5 6.2
SACOMBANK 3.6 3.8 4.7 4.95 5 5.1
SAIGONBANK 3.2 3.4 4.6 4.8 5.1 5,6
PGBANK 3.1 3.5 4.6 5 5.5 5.8
SEABANK 3.8 4 4.6 4.75 5.1 5.1
TPBANK 3.4 3.6 4.6 5.15 5.5
ACB 3.2 3.4 4.5 4.6 4.7
TECHCOMBANK 3.45 3.65 4.45 4.5 4.75 4.75
MB 2.9 3.2 4.4 4.6 4.9 5.4
VPBANK 3.3 3.4 4.3 4.3 5.1 5.1
VIETINBANK 2.6 3 4 4 5 5
MB 2.6 3 4 4 5 5
AGRIBANK 2.2 2.5 3.6 3.6 5 5
SCB 2.25 2.55 3.55 3.55 4.85 4.85
VIETCOMBANK 2.2 2.5 3.5 3.5 4.8 4.8