The increase in deposit interest rates has somewhat decreased since the beginning of July after two months of banks "racing" to increase interest rates .

There are 10 commercial banks that have increased their deposit interest rates since the beginning of July, but no bank has adjusted its interest rate schedule for the second time during this period. The banks that have increased their interest rates include NCB, Eximbank, SeABank, VIB, BaoViet Bank, Saigonbank, VietBank, MB, BVBank and KienLong Bank.

Notably, the 12-month deposit term has a popular interest rate of over 5%/year. In which, the highest mobilization interest rate for this term is 6%/year listed by ABBank.

6%/year is still a superior interest rate compared to the rest, when the interest rate considered the second highest on the market today (12-month term) is 5.8%/year, listed by BVBank.

GPBank and NCB followed with listed rates of 5.75% and 5.7% per year, respectively; while Kienlong Bank and BaoViet Bank listed interest rates of 5.6% per year for 12-month deposits.

The group of banks listing interest rates of 5.5%/year for this term include OceanBank, HDBank, and Bac A Bank. Viet A Bank, Nam A Bank, and MSB list interest rates of 5.4%/year.

VietBank, Saigonbank, PGBank and CB listed interest rates at 5.3%/year. The group of banks listed interest rates from 5-5.2%/year for 12-month term deposits include: VPBank, TPBank, SHB (5.2%); OCB, MB (5.1%) and Eximbank (5%/year).

The remaining banks still keep 12-month deposit interest rates below 5%/year, including: Techcombank and SeABank (4.95%/year), Sacombank (4.9%), PVCombank (4.8%); VietinBank, Agribank, BIDV, ACB (4.7%), Vietcombank (4.6%), Dong A Bank (4.5%) and SCB (3.7%).

Thus, with a listed interest rate of only 3.7%/year, SCB is currently the bank paying the lowest interest rate on the market for a 12-month term.

HIGHEST DEPOSITS INTEREST RATES AT BANKS ON JULY 15, 2024 (IN ORDER OF HIGHEST 12-MONTH TERM)
BANK 1 MONTH 3 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS 18 MONTHS
ABBANK 3.2 4 5.6 5.8 6 5.7
BVBANK 3.7 3.8 5.1 5.5 5.8 6
GPBANK 3 3.52 4.85 5.2 5.75 5.85
NCB 3.7 4 5.35 5.55 5.7 6.1
KIENLONGBANK 3.7 3.7 5.2 5.3 5.6 5.7
BAOVIETBANK 3.1 3.9 5.1 5.2 5.6 5.9
OCEANBANK 3.4 3.8 4.8 4.9 5.5 6.1
HDBANK 3.25 3.25 4.9 4.7 5.5 6.1
BAC A BANK 3.5 3.7 4.9 5 5.5 5.6
VIET A BANK 3.4 3.7 4.8 4.8 5.4 5.7
NAM A BANK 3.1 3.8 4.6 5.1 5.4 5.7
MSB 3.7 3.7 4.6 4.6 5.4 5.4
VIETBANK 3.4 3.6 4.6 4.7 5.3 5.9
SAIGONBANK 2.5 2.8 4.1 4.4 5.3 5.6
PGBANK 3.2 3.5 4.5 4.5 5.3 5.8
CBBANK 3.4 3.6 5.15 5.1 5.3 5.55
VPBANK 3.1 3.5 4.7 4.7 5.2 5.2
TPBANK 3.3 3.6 4.5 5.2 5.4
SHB 3.3 3.4 4.7 4.8 5.2 5.5
OCB 3.7 3.9 4.9 5 5.2 5.4
MB 3.3 3.7 4.4 4.4 5.1 5
LPBANK 3.4 3.5 4.7 4.8 5.1 5.6
EXIMBANK 3.5 4.3 5.2 4.5 5 5.1
TECHCOMBANK 2.85 3.25 4.25 4.25 4.95 4.95
SEABANK 3.2 3.7 4.2 4.4 4.95 5.7
SACOMBANK 2.7 3.2 4 4.1 4.9 5.1
PVCOMBANK 3.15 3.15 4.3 4.3 4.8 5.5
VIETINBANK 2 2.3 3.3 3.3 4.7 4.7
BIDV 2 2.3 3.3 3.3 4.7 4.7
AGRIBANK 1.6 1.9 3 3 4.7 4.7
ACB 2.8 3.1 3.9 4 4.7
VIETCOMBANK 1.6 1.9 2.9 2.9 4.6 4.6
DONG A BANK 2.8 3 4 4.2 4.5 4.7
SCB 1.6 1.9 2.9 2.9 3.7 3.9
VIB 3.1 3.3 4.3 4.4 4.9