Prosperity and Development Joint Stock Commercial Bank (PGBank) has sharply reduced deposit interest rates for terms from 6 to 36 months. The 6-month term has decreased by 0.4 percentage points to 4.5%/year, the 9-month and 12-month terms have decreased by 0.6 percentage points to 4.7%/year and 5.2%/year, respectively. The 13-month term deposit interest rate has decreased by 0.6 percentage points to 5.3%/year.

The sharpest decrease of 0.7 percentage points is in the 18-36 month term. Currently, the 18-month term is only 5.4%/year and the 24-36 month term is 5.5%/year.

PGBank keeps the interest rate unchanged for terms of 1-3 months, 1 month is 3.1%/year; 2 months 3.2%/year, 3 months 3.5%/year.

Saigon Bank for Industry and Trade (Saigonbank) has just reduced interest rates for the first time in 2024, by 0.3 percentage points for terms of 10-11 months and 0.1 percentage point for terms of 12-36 months.

On the online channel, 1-month term is only 2.5%/year, 2-month 2.6%/year, 3-month 2.7%/year, 4-month 2.9%/year and 5-month 3%/year.

Saigonbank listed the interest rate for 6-month term deposits at 3.9%/year, 7-8 months at 4%/year and 9 months at 4.1%/year.

Interest rates for 10 and 11 month terms are 4.2% and 4.3% per year, and for 12-13 months they are 5-5.1% per year.

Deposit terms from 18-36 months currently have the highest interest rate of 5.4%/year.

Kien Long Commercial Joint Stock Bank (KienLong Bank) has also just reduced deposit interest rates for the fourth time since the beginning of the year. KienLong Bank reduced 0.2 percentage points for all deposit terms from 1-36 months. 1-3 month term is 3.75%/year, 6 months 4.6%/year, 9 months 4.8%/year, 12 months 4.9%/year, 13 months 5%/year, 15 months 5.1%/year, 18-36 months 5.4%/year.

After 4 adjustments since the beginning of the year, interest rates at KienLong Bank have decreased by 0.6-0.8 percentage points depending on the term.

Thus, the savings interest rates on the first day of the week recorded a decrease in the three banks with small charter capital. Interest rates at the remaining banks have not changed as of mid-morning today.

Since the beginning of January 2024, 32 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, BVBank, Sacombank, OceanBank, PGBank, Saigonbank.

Of which, OCB, GPBank, SHB, VIB, Bac A Bank , VPBank, Eximbank, VietBank, HDBank, TPBank, BaoViet Bank have reduced interest rates for the second time since the beginning of January.

SHB and NCB have reduced interest rates up to 3 times, while Viet A Bank and KienLong Bank have adjusted down 4 times.

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

HIGHEST INTEREST RATES ON JANUARY 29
BANK 1 MONTH 3 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS 18 MONTHS
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
ABBANK 3.15 3.35 5 4.4 4.4 4.4
PVCOMBANK 3.05 3.05 5 5 5.1 5.4
VIETBANK 3.5 3.7 4.9 5 5.3 5.8
HDBANK 3.25 3.25 4.9 4.7 5.1 6
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
BVBANK 3.65 3.75 4.85 5 5.15 5.55
SHB 3.1 3.3 4.8 5 5.3 5.8
BAOVIETBANK 3.5 3.85 4.8 4.9 5.3 5.5
VIET A BANK 3.4 3.5 4.8 4.9 5.2 5.6
GPBANK 2.9 3.42 4.75 4.9 4.95 5.05
SACOMBANK 3 3.2 4.7 4.95 5.2 5.6
KIENLONGBANK 3.75 3.75 4.6 4.8 4.9 5.4
OCB 3 3.2 4.6 4.7 4.9 5.4
PGBANK 3.1 3.5 4.5 4.7 5.2 5.4
EXIMBANK 3.4 3.7 4.5 4.5 5 5.2
VIB 3.2 3.4 4.5 4.5 5.2
VPBANK 3.1 3.3 4.4 4.4 5.1 5.2
OCEANBANK 3.1 3.3 4.4 4.6 5.1 5.5
LPBANK 2.8 3.1 4.3 4.4 5.3 5.7
SEABANK 3.4 3.6 4.15 4.3 4.75 5
TPBANK 2.8 3 4 4.8 5
SAIGONBANK 2.5 2.7 3.9 4.1 5 5.4
ACB 2.9 3.2 3.9 4.2 4.8
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
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