SeABank has become the next bank to reduce deposit interest rates starting today, January 18th. The bank adjusted interest rates downwards across all maturities, with reductions of 0.2-0.25 percentage points for deposits with maturities of 1-12 months and 0.1 percentage points for deposits with maturities of 15-36 months.

According to the latest online deposit interest rate chart at SeABank, the interest rate for 1-2 month terms is 3.4%/year, and for 3-5 month terms it is 3.6%/year.

The deposit interest rates at SeABank are 4.15%/year for a 6-month term, 4.2%/year for a 7-month term, 4.25%/year for an 8-month term, 4.3%/year for a 9-month term, 4.35%/year for a 10-month term, 4.4%/year for an 11-month term, and the new interest rate for a 12-month term is 4.75%/year.

The highest deposit interest rate at SeABank is currently 5% per annum, applicable to deposits with terms from 15-36 months, a decrease of 0.1 percentage point compared to before.

SeABank is also the only bank to adjust deposit interest rates today, and the 24th bank to reduce interest rates since the beginning of the month.

Yesterday, as many as five banks reduced deposit interest rates, notably including three large banks that play a role in setting interest rate levels: Agribank , VietinBank, and BIDV.

Previously, Vietcombank was the first bank in the Big4 group to reduce deposit interest rates, and continues to maintain the lowest deposit interest rates currently.

Comparing interest rates at the Big4 commercial banks, Vietcombank offers the lowest deposit interest rates at only 1.7%/year for 1-2 month deposits, 2%/year for 3-5 month deposits, 3%/year for 6-9 month deposits, and 4.7%/year for 12-24 month deposits.

Interest rates at Agribank are slightly higher, with the bank currently offering 1.8% per year for 1-2 month terms and 2.1% per year for 3-5 month terms.

However, for terms of 6-9 months, the interest rate at Agribank is currently 3.4%/year, which is slightly higher than VietinBank (3.2%/year) and BIDV (3.3%).

VietinBank lists interest rates for 1-2 month terms at only 1.9%/year and for 3-5 month terms at 2.2%/year.

Meanwhile, BIDV listed interest rates for 1-2 month terms at 2%/year and for 3-5 month terms at 3.3%/year.

All three banks, BIDV, Agribank, and VietinBank, list deposit interest rates at 5% per year for terms of 12-18 months and 5.3% per year for terms of 24-36 months.

From the beginning of January 2024 until now, 24 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, Techcombank, Agribank, BIDV, VietinBank, and SeABank.

Specifically, OCB, KienLongBank, NCB, Viet A Bank, GPBank, SHB, and VIB 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.

TABLE OF HIGHEST DEPOSIT INTEREST RATES ON JANUARY 18TH
BANK 1 MONTH 3 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS 18 MONTHS
VIETCOMBANK 1.7 2 3 3 4.7 4.7
SCB 1.75 2.05 3.05 3.05 4.75 4.75
VIETINBANK 1.9 2.2 3.2 3.2 5 5
MB 2 2.3 3.3 3.3 5 5
AGRIBANK 1.8 2.1 3.4 3.4 5 5
TECHCOMBANK 2.75 3.15 3.75 3.8 4.75 4.75
ACB 2.9 3.2 3.9 4.2 4.8
MB 2.7 3 4.1 4.3 4.9 5.4
SEABANK 3.4 3.6 4.15 4.3 4.75 5
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
LPBANK 2.8 3.1 4.3 4.4 5.3 5.7
VPBANK 3.3 3.4 4.4 4.4 5.1 5.2
VIB 3.2 3.4 4.5 4.5 5.2
OCB 3 3.2 4.6 4.7 4.9 5.4
EXIMBANK 3.4 3.7 4.6 5 5.1 5.5
SACOMBANK 3.6 3.8 4.7 4.95 5 5.1
GPBank 2.9 3.42 4.75 4.9 4.95 5.05
OCEANBANK 3.7 3.9 4.8 5 5.5 5.7
SHB 3.4 3.7 4.9 5 5.3 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
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
BVBANK 3.8 3.9 5.05 5.2 5.5 5.55
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
NCB 4.05 4.25 5.25 5.35 5,6 6
HDBANK 3.45 3.45 5.3 5 5.5 6.3