Bank interest rates have risen sharply across the board.

On the morning of May 6th, many more banks simultaneously increased deposit interest rates across most maturities.

Specifically, Viet Capital Commercial Bank (BVBank) increased deposit interest rates by 0.1 - 0.2 percentage points for deposit terms of 1-12 months. Interest rates for 1-2 month terms increased by 0.15 percentage points, reaching 3.1%/year and 3.2%/year respectively.

Many banks are increasing deposit interest rates.

Interest rates for 3-month terms rose to 3.2% per year, an increase of 0.1%. Rates for 4-5 month terms increased by 0.15%, to 3.3% and 3.4% per year. Rates for 6-7 month terms increased by 0.15%, to 4.25% - 4.35% per year.

For terms of 8-11 months, this bank also simultaneously adjusted interest rates upwards by 0.2 percentage points.

For the 12-month term, interest rates increased by 0.15%, to 4.85% per year.

Meanwhile, Vietnam Construction Commercial Bank (CBBank) sharply increased interest rates by 0.35 percentage points across terms ranging from 6 months to 36 months.

Specifically, the 6-month term increased by 0.35% to 4.85% per year. For terms of 7-11 months, the interest rate was also increased to 4.8% per year.

For a 12-month term, the interest rate has returned to 5% per year, while for 13-36 month terms, the interest rate is 5.2% per year.

Notably, Sacombank has just significantly increased interest rates by 0.5 percentage points for the 3-month term, to 3.2% per year.

For terms of 1-2 months, interest rates increased by 0.4 percentage points to 2.7% and 2.9% per year. Interest rates for terms of 4-5 months were also listed at 2.8% per year after an increase of 0.3 percentage points.

The latest deposit interest rates are 4% per annum for 6-month terms, 3.9% per annum for 7-8 month terms, 4.1% per annum for 9-month terms, and 3.9% per annum for 10-11 month terms, all increasing by 0.3%.

Interest rates for 12-month deposits are at 4.9%/year, and for 13-month deposits at 4.7%/year, both increasing by 0.2%.

Interest rates listed at bank counters on May 6th:

Bank	Term: 3 months	6-month term	12-month term	24-month term
Agribank	1.9	3.0	4.7	4.7
Vietcombank	1.9	2.9	4.6	4.7
Vietinbank	2.0	3.0	4.7	4.8
MB	2.0	3.0	4.7	4.7
ABBank	3.0	4.3	4.0	4.2
ACB	2.5	3.3	4.3	4.4
Bac A Bank	3.15	4.5	5.1	5.5
Bao Viet Bank	3.25	4.2	4.7	5.5
BVBank	3.1	4.2	4.8	5.3
CBBank	3.2	4.7	4.85	5.1
Dong A Bank	3.85	4.83	5.47	5.52
Eximbank	3.2	4.0	4.8	5.1
HDBank	2.45	4.5	4.9	5.4
GPBank	2.97	3.8	4.5	4.6
Hong Leong Bank	2.5	3.2	3.4	2.5
Kien Long Bank	2.8	4.2	4.8	5.3
LPBank	2.1	3.2	5.0	5.3
MBBank	2.5	3.5	4.5	5,6
MSB	3.0	3.8	4.2	4.2
Nam A Bank	3.4	4.2	5.0	5.4
NCB	3.4	4.35	4.9	5.4
OCB	3.1	4.5	4.8	5.8
Oceanbank	3.2	4.0	5.3	5.9
PGBank	3.0	4.0	4.3	5.2
PVCombank	2.85	4.0	4.5	4.8
Sacombank	2.8	3.8	4.7	5.0
Saigonbank	2.5	3.8	5.0	5.7
SCB	1.9	2.9	3.7	3.9
SeABank	2.9	3.0	3.55	4.6
SHB	3.0	4.2	4.9	5.5
Techcombank	2.3	3.4	4.3	4.3
TP-Bank	2.8	3.6	4.7	5.1
VBBank	3.4	4.4	5.1	5.7
VIB	2.6	3.9	4.5	4.9
Viet A Bank	3.1	4.1	4.6	5.0
VPBank	2.9	4.1	4.7	5.1

Source: https://baolaocai.vn/lai-suat-ngan-hang-dong-loat-tang-manh-post383710.html