Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has just become the first bank to reduce deposit interest rates for the second time since the beginning of the year.

Specifically, interest rates for 1-2 month terms decreased by 0.2%/year, and for 3-5 month terms decreased by 0.1%/year.

According to the online interest rate table for deposits under 1 billion VND, the term of 1-2 months is 3.35%/year, 3-5 months is 3.65%/year.

Techcombank keeps the bank interest rates unchanged for the remaining terms. The 6-11 month term has an interest rate of 4.45%/year, the 12-36 month term has an interest rate of 4.85%/year.

Techcombank's bank interest rates are applied according to the ladder deposit method. For deposit accounts from 1 billion VND to under 3 billion VND, the interest rate for 1-2 month term is 3.45%/year, 3-5 months is 3.75%/year, 6-11 months is 4.5%/year, 12-36 months is 4.9%/year.

For newly opened savings accounts of 3 billion VND or more, the deposit interest rate applied for a term of 1-2 months is 3.55%/year, 3-5 months 3.85%/year, 6-11 months 4.55%/year.

The highest interest rate at Techcombank applied to deposits of 3 billion VND or more is 4.95%/year.

In fact, the highest savings interest rate at Techcombank can be up to 5.6%/year, applicable to customers who are eligible for the highest member incentives and privileges according to the bank's regulations.

In addition, Techcombank announced an additional 0.5%/year interest rate for all new or additional savings accounts. The bank also added 0.3%/year interest rate for Private/Priority members whose deposit balance increased during the month, applicable for 3-5 month terms.

Customers can even receive an additional interest rate of 1%/year when opening a book on Inspire day (a special day for Techcombank members), up to 200 million VND, with terms of 3, 6, and 12 months.

Techcombank members also enjoy higher savings interest rates than the regular interest rates. Accordingly, Private customers receive an additional 0.15%/year; Priority customers receive an additional 0.1%/year, and Inspire customers receive an additional 0.05%/year.

INTEREST RATES AT BANKS ON JANUARY 14, 2025 (%/YEAR)
BANK 1 MONTH 3 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS 18 MONTHS
AGRIBANK 2.4 3 3.7 3.7 4.7 4.7
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 3.8 5.6 5.7 5.9 5.6
ACB 3.1 3.5 4.2 4.3 4.9
BAC A BANK 3.9 4.2 5.35 5.45 5.8 6.2
BAOVIETBANK 3.3 4.35 5.2 5.4 5.8 6
BVBANK 3.9 4.05 5.4 5.7 6 6.3
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 6.6
GPBANK 3.5 4.02 5.35 5.7 6.05 6.15
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 4.3 4.3 5.8 5.5 5.9 5.9
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
MBV 4.3 4.6 5.5 5.6 5.8 6.1
MSB 4.1 4.1 5 5 6.3 5.8
NAM A BANK 4.3 4.5 5 5.2 5.6 5.7
NCB 4.1 4.3 5.45 5.55 5.7 5.7
OCB 4 4.2 5.2 5.2 5.3 5.5
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
SCB 1.6 1.9 2.9 2.9 3.7 3.9
SEABANK 2.95 3.45 3.95 4.15 4.7 5.45
SHB 3.5 3.8 5 5.1 5.5 5.8
TECHCOMBANK 3.35 3.65 4.45 4.45 4.85 4.85
TPBANK 3.7 4 4.8 5.3 5.5
VIB 3.8 3.9 4.9 4.9 5.3
VIET A BANK 3.7 4 5.2 5.4 5.7 5.9
VIETBANK 4.2 4.4 5.4 5 5.8 5.9
VPBANK 3.8 4 5 5 5.5 5.5

According to statistics from the beginning of January 2025 to now, 7 banks have increased their deposit interest rates, including: Agribank, Bac A Bank, NCB, MBV, Eximbank, KienlongBank, VietBank. However, NCB and Agribank also simultaneously reduced interest rates for terms of 12 - 36 months. Also reducing interest rates are ABBank, SeABank, Nam A Bank, Techcombank (twice).

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