Vietnam Construction Bank (CB) has just increased deposit interest rates for all terms by 0.2% per year.

According to the online interest rate table, the 1-2 month term increased to 4.15%/year, second only to Nam A Bank. The bank interest rate for the 3-5 month term increased to 4.35%/year, equal to IVB and only lower than Nam A Bank (4.7%/year).

Online savings interest rate for 6-month term is 5.85%/year, 7-11 months up to 5.8%/year.

Notably, CB's highest deposit interest rate currently reaches 6%/year, listed for deposit terms of 12 months or more.

CB has officially raised the mobilization interest rate to 6%/year or more for long terms, along with other banks such as: ABBank, BaoViet Bank, BVBank, Dong A Bank, GPBank, HDBank, IVB, MSB, OceanBank, Saigonbank, SHB , and Viet A Bank.

This is the first time in December that CB has increased deposit interest rates, but the second time it has adjusted them after being forced to transfer to Vietcombank on October 17. Previously, CB bank interest rates rarely changed.

Meanwhile, OceanBank, after being forced to transfer to MB Group, has not officially adjusted its deposit interest rate table. This can be explained by the fact that OceanBank's deposit interest rate table is already one of the highest in the market. For a long time, this bank has listed savings interest rates for terms of 18-36 months at over 6%/year, and 12-17 months at almost this level. OceanBank recently launched a savings program from December 2 with preferential interest rates of 0.2-0.4%/year compared to the listed term deposits of less than 12 months.

According to statistics, 10 banks have increased their deposit interest rates since the beginning of December, including: CB, Dong A Bank, VPBank, VIB, OCB , MSB, GPBank, TPBank, ABBank, and IVB. Of which, ABBank is the first bank to increase interest rates twice in a month.

Among them, VIB, IVB, ABBank are the banks that have simultaneously reduced deposit interest rates since the beginning of the month. In addition, Bac A Bank, LPBank, NCB are also banks that have reduced deposit interest rates this month.

INTEREST RATES OF BANKS ON DECEMBER 13, 2024 (%/YEAR)
BANK 1 MONTH 3 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS 18 MONTHS
AGRIBANK 2.4 2.9 3.6 3.6 4.8 4.8
BIDV 2 2.3 3.3 3.3 4.7 4.7
VIETINBANK 2 2.3 3.3 3.3 4.7 4.7
VIETCOMBANK 1.6 1.9 2.9 2.9 4.6 4.6
ABBANK 3.2 4.45 5.8 5.8 6 5.7
ACB 3.1 3.5 4.2 4.3 4.9
BAC A BANK 3.7 4 5.15 5.25 5.6 5.95
BAOVIETBANK 3.3 4.35 5.2 5.4 5.8 6
BVBANK 3.8 4 5.2 5.5 5.8 6
CBBANK 4.15 4.35 5.85 5.8 6 6
DONG A BANK 4.1 4.3 5.55 5.7 5.8 6.1
EXIMBANK 3.9 4.3 5.2 4.5 5.2 5.8
GPBANK 3.7 4.22 5.55 5.9 6.25 6.35
HDBANK 3.85 3.95 5.3 4.7 5.6 6.1
IVB 4 4.35 5.35 5.35 5.95 6.05
KIENLONGBANK 3.9 3.9 5.4 5.3 5.7 5.7
LPBANK 3.6 3.9 5.1 5.1 5.5 5.8
MB 3.7 4 4.6 4.6 5.1 5.1
MSB 4.1 4.1 5 5 5.8 5.8
NAM A BANK 4.5 4.7 5 5.2 5.6 5.7
NCB 3.9 4.2 5.45 5.55 5.8 5.8
OCB 4 4.2 5.2 5.2 5.3 5.5
OCEANBANK 4.1 4.4 5.4 5.5 5.8 6.1
PGBANK 3.4 3.8 5 5 5.5 5.8
PVCOMBANK 3.3 3.6 4.5 4.7 5.1 5.8
SACOMBANK 3.3 3.6 4.9 4.9 5.4 5.6
SAIGONBANK 3.3 3.6 4.8 4.9 5.8 6
SEABANK 3.4 4.1 4.5 4.7 5 5.45
SHB 3.5 3.8 5 5.1 5.5 5.8
TECHCOMBANK 3.35 3.65 4.55 4.55 4.85 4.85
TPBANK 3.7 4 4.8 5.3 5.5
VIB 3.8 3.9 4.9 4.9 4.9
VIET A BANK 3.7 4 5.2 5.4 5.7 5.9
VIETBANK 3.9 4.1 5.2 5 5.6 5.9
VPBANK 3.8 4 5 5 5.5 5.5
Deposit interest rates continue to increase, loan interest rates are even more difficult to decrease.

Deposit interest rates continue to increase, loan interest rates are even more difficult to decrease.

Deposit interest rates are forecast to continue to increase from now until the end of the year to meet the increasing demand for credit capital. As a result, the room for interest rate reduction is likely to further narrow.
Prime Minister decides on special loans with 0% interest rate

Prime Minister decides on special loans with 0% interest rate

The draft amended Law on Credit Institutions stipulates that the Prime Minister decides on special lending by the State Bank for loans with an interest rate of 0%/year and loans without collateral based on the proposal of the State Bank.
Which banks still maintain interest rates above 6%/year?

Which banks still maintain interest rates above 6%/year?

Currently, only 8 banks maintain interest rates of 6%/year for term deposits of 12 months and above; 10 banks maintain this interest rate for term deposits of 15 months and above. So which bank should you deposit your money in to get interest rates above 6%?