According to VietNamNet 's observations at banks this morning, HDBank has just become the next bank to reduce deposit interest rates, with a decrease of 0.2 percentage points for terms from 1 to 36 months.
According to HDBank's online deposit interest rate chart posted on the morning of January 16th, the interest rates for all maturities have been reduced as follows:
Interest rates are 3.45%/year for terms of 1-5 months, 5.3%/year for 6 months, 5%/year for 7-11 months, 5.5%/year for 12 months, and 5.7%/year for 13 months.
Nevertheless, HDBank continues to be among the few banks that maintain interest rates above 6% per year for long-term deposits.
Specifically, the interest rate for 15-month term deposits has decreased to 6.2% per year. Notably, the 18-month term, despite falling to 6.3% per year, still offers the highest deposit interest rate on the market.
For the remaining terms of 24-36 months, HDBank pays an interest rate of 6.1% per year.
HDBank has also been the bank paying the highest deposit interest rates for over a month. The last time this bank reduced deposit interest rates was on December 1, 2023.
This morning, NCB Bank continued to lower deposit interest rates across several key maturities. This is the second time since the beginning of the month that NCB has reduced interest rates.
According to the online deposit interest rate schedule recently adjusted by NCB, interest rates for terms of 6 to 8 months have decreased by 0.1 percentage point to 5.25%/year.
NCB also reduced deposit interest rates for terms from 9 to 11 months to 5.35% per year.
Interest rates for 12-month, 13-month, and 15-month terms also decreased by another 0.1 percentage point, to 5.6%, 5.7%, and 5.9% per year, respectively.
NCB maintains interest rates at 6%/year for terms of 18 to 60 months, 4.05%/year for 1-month terms, 4.21%/year for 2-month terms, and 4.25%/year for terms from 3 to 5 months.
Joining the interest rate reduction race today are VietBank, VietA Bank, and GPBank. VietA Bank, in particular, has become one of the four banks that have reduced interest rates twice since the beginning of the month.
Accordingly, Viet A Bank reduced the online deposit interest rate by 0.3% for terms from 1-5 months to 3.9%/year.
Viet A Bank uniformly reduced deposit interest rates for terms from 6 to 11 months by 0.1 percentage point to 5.1%/year. Similarly, the interest rate for the 12-month term decreased to 5.4%/year.
Viet A Bank adjusted interest rates down by 0.2 percentage points for the remaining terms. Specifically, the interest rate for a 13-month term is now 5.4%/year, for a 15-month term is 5.7%/year, for an 18-month term is 5.8%/year, and for 24-36 month terms is 5.9%/year.
Thus, deposit interest rates at Viet A Bank have officially moved away from the 6%/year mark for long-term deposits.
Meanwhile, at VietBank , online deposit interest rates for terms of 1 to 5 months have all decreased by 0.1 percentage point. The 1-month term is now 3.7%/year, the 2-month term 3.8%/year, the 3-month term 3.9%/year, the 4-month term 4%/year, and the 5-month term 4.1%/year.
VietBank has reduced deposit interest rates for remaining terms by up to 0.2 percentage points, officially no longer maintaining interest rates above 6% per year for long-term deposits.
Specifically, interest rates for term deposits are currently 5.1%/year for 6-8 months, 5.2%/year for 9-11 months, 5.5%/year for 12 months, 5.7%/year for 14 months, and 5.9%/year for 18-36 months.
GPBank has also reduced interest rates for the second time since the beginning of the month, with a fairly significant decrease.
According to the online deposit interest rate chart recently published by this bank, deposit interest rates for terms of 1-5 months have sharply decreased by 0.5 percentage points. Currently, the interest rate for a 1-month term is only 2.9%/year, for a 2-month term is 3.4%/year, for a 3-month term is 3.42%/year, for a 4-month term is 3.44%/year, and for a 5-month term is 3.45%/year.
GPBank has uniformly reduced deposit interest rates for remaining terms by 0.4 percentage points. Specifically, the 6-month rate is now 4.75%/year, the 7-8 month rate is 4.85%/year, the 9-month rate is 4.9%/year, the 12-month rate is only 4.95%/year, and the rates for terms from 13 to 36 months are 5.05%/year.
Interestingly, all five of the aforementioned banks are among the top five banks maintaining the highest deposit interest rates in the market for over a month.
This position remained virtually unchanged after all five banks adjusted their interest rates.
HDBank, NCB, VietBank, and Viet A Bank remain the market leaders in terms of deposit interest rates.
Not stopping there, today the market also witnessed a major bank, Techcombank , reducing deposit interest rates across many maturities.
For online savings accounts under 1 billion VND, Techcombank reduced the interest rate for 1-2 month terms by 0.2 percentage points to 2.75%/year, while interest rates for 3-5 month terms remained unchanged at 3.15%/year.
Techcombank also reduced interest rates by 0.3 percentage points for deposit terms from 6-8 months to 3.75%/year. Similarly, interest rates for 9-11 month deposits decreased to 3.8%/year.
Meanwhile, interest rates for terms of 12-36 months remain unchanged at 4.75% per year.
Techcombank is adding 0.05 percentage points to the interest rate for 6-36 month terms for newly opened savings accounts with deposits from VND 1 billion to less than VND 3 billion, and from VND 3 billion or more.
Thus, just today, six more banks have reduced deposit interest rates, including Techcombank, HDBank, VietBank, Viet A Bank, GPBank, and NCB.
| TABLE OF HIGHEST DEPOSIT INTEREST RATES ON JANUARY 16, 2024 | ||||||
| BANK | 1 MONTH | 3 MONTHS | 6 MONTHS | 9 MONTHS | 12 MONTHS | 18 MONTHS |
| HDBANK | 3.45 | 3.45 | 5.3 | 5 | 5.5 | 6.3 |
| NCB | 4.05 | 4.25 | 5.25 | 5.35 | 5,6 | 6 |
| VIETBANK | 3.7 | 3.9 | 5.1 | 5.2 | 5.5 | 5.9 |
| VIET A BANK | 3.9 | 3.9 | 5.1 | 5.1 | 5.4 | 5.8 |
| BAC A BANK | 3.7 | 3.9 | 5.1 | 5.2 | 5.4 | 5.8 |
| BAOVIETBANK | 3.8 | 4.15 | 5.1 | 5.2 | 5,6 | 5.8 |
| CBBANK | 4.2 | 4.3 | 5.1 | 5.2 | 5.4 | 5.5 |
| BVBANK | 3.8 | 3.9 | 5.05 | 5.2 | 5.5 | 5.55 |
| PVCOMBANK | 3.05 | 3.05 | 5 | 5 | 5.1 | 5.4 |
| KIENLONGBANK | 3.95 | 3.95 | 5 | 5.2 | 5.3 | 5.8 |
| ABBANK | 3.15 | 3.35 | 5 | 4.4 | 4.4 | 4.4 |
| SHB | 3.5 | 3.8 | 5 | 5.2 | 5.4 | 5.8 |
| DONG A BANK | 3.9 | 3.9 | 4.9 | 5.1 | 5.4 | 5,6 |
| NAMA BANK | 3.3 | 4 | 4.9 | 5.2 | 5.7 | 6.1 |
| PGBANK | 3.1 | 3.5 | 4.9 | 5.3 | 5.8 | 6.1 |
| OCEANBANK | 3.7 | 3.9 | 4.8 | 5 | 5.5 | 5.7 |
| GPBank | 2.9 | 3.42 | 4.75 | 4.9 | 4.95 | 5.05 |
| SACOMBANK | 3.6 | 3.8 | 4.7 | 4.95 | 5 | 5.1 |
| OCB | 3 | 3.2 | 4.6 | 4.7 | 4.9 | 5.4 |
| VIB | 3.2 | 3.4 | 4.6 | 4.6 | 5.1 | |
| EXIMBANK | 3.4 | 3.7 | 4.6 | 5 | 5.1 | 5.5 |
| SEABANK | 3.6 | 3.8 | 4.4 | 4.55 | 5 | 5.1 |
| VPBANK | 3.3 | 3.4 | 4.4 | 4.4 | 5.1 | 5.2 |
| LPBANK | 2.8 | 3.1 | 4.3 | 4.4 | 5.3 | 5.7 |
| TPBANK | 3 | 3.2 | 4.2 | 4.9 | 5.1 | |
| SAIGONBANK | 2.8 | 3 | 4.2 | 4.4 | 5.1 | 5.5 |
| MSB | 3.5 | 3.5 | 4.2 | 4.2 | 4.9 | 4.9 |
| MB | 2.7 | 3 | 4.1 | 4.3 | 4.9 | 5.4 |
| ACB | 2.9 | 3.2 | 3.9 | 4.2 | 4.8 | |
| TECHCOMBANK | 2.75 | 3.15 | 3.75 | 3.8 | 4.75 | 4.75 |
| MB | 2.3 | 2.6 | 3.6 | 3.6 | 5 | 5 |
| AGRIBANK | 2 | 2.5 | 3.6 | 3.6 | 5 | 5 |
| VIETINBANK | 2.2 | 2.5 | 3.5 | 3.5 | 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 |
Since the beginning of January 2024, 20 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, and Techcombank.
Specifically, OCB, KienLongBank, NCB, Viet A Bank, and GPBank have reduced interest rates for the second time since the beginning of January.
Conversely, ACB, ABBank, and VPBank are the banks that have increased deposit interest rates since the beginning of the month.
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