An Binh Commercial Joint Stock Bank ( ABBank ) has just become the next bank to increase deposit interest rates for the second time in November, after having just significantly increased interest rates for terms under 6 months.

Previously, ABBank was the first bank to increase deposit interest rates in November, with an increase of 0.2%/year for 6-month terms and 0.1%/year for 7-11 month terms.

In its latest adjustment, ABBank increased the interest rate on 3-month term deposits by 0.2% per year, while also significantly increasing the interest rates on 4-month and 5-month term deposits by 0.6% and 0.7% per year, respectively.

According to the online deposit interest rate chart recently updated by ABBank, the interest rate for a 3-month term has increased to 4.1%/year, while the interest rates for 4 and 5-month terms have increased to 4.2% and 4.3%/year respectively.

This increase makes ABBank one of the few banks listing deposit interest rates for terms under 6 months above 4% per year.

However, ABBank reduced its 12-month term deposit interest rate by 0.1%/year, becoming the first bank to lower interest rates in November, even though the reduction only applied to the 12-month term.

Interest rates for other deposit terms remain unchanged. Specifically, ABBank lists interest rates of 3.2-3.3%/year for online deposits with terms of 1-2 months; 5.5%/year for online deposits with a term of 6 months. The interest rate for online deposits with terms of 7-11 months is 5.6%/year, while the interest rate for 13 months and terms of 36-60 months is 5.7%/year.

Notably, ABBank is listing the highest online deposit interest rates currently available, reaching 6.3% per year for 24-month term deposits and 6.2% per year for 15-18 month term deposits.

This morning, BaoViet Commercial Joint Stock Bank ( BaoViet Bank ) also adjusted its deposit interest rates after nearly four months of keeping them unchanged. Accordingly, the online deposit interest rate for a 3-month term increased by 0.35%/year to 4.35%/year; the interest rate for 4-5 month terms increased by 0.3%/year, reaching 4.4% and 4.5%/year respectively.

Interest rates for remaining deposit terms at BaoViet Bank remain unchanged. The rates are 3.3-3.6% per year for 1-2 month terms, 5.2% per year for 6-month terms, 5.25% per year for 7-8 month terms, 5.4% per year for 9-11 month terms, 5.8% per year for 12-month terms, 5.9% per year for 13-month terms, and the highest rates of up to 6% per year for 15-36 month terms.

Apart from BaoViet Bank and ABBank, deposit interest rates at the remaining banks remain unchanged.

According to statistics, 13 banks have increased deposit interest rates since the beginning of November, including: BaoViet Bank, HDBank, GPBank, LPBank, Nam A Bank, IVB, Viet A Bank, VIB, MB, Agribank , Techcombank, ABBank, and VietBank. Of these, ABBank, Agribank, and VIB have increased interest rates twice since the beginning of the month.

Conversely, ABBank is the only bank that has reduced deposit interest rates for 12-month terms.

ONLINE DEPOSIT INTEREST RATE CHART AT BANKS ON NOVEMBER 20, 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
MB 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 4.1 5.5 5,6 5.8 6.2
ACB 3.1 3.5 4.2 4.3 4.9
BAC A BANK 3.95 4.25 5.4 5.5 5.8 6.15
BAOVIETBANK 3.3 4.35 5.2 5.4 5.8 6
BVBANK 3.8 4 5.2 5.5 5.8 6
DONG A BANK 3.8 4 5.5 5.7 5.8 6.1
EXIMBANK 3.9 4.3 5.2 4.5 5.2 5.8
GPBank 3.4 3.92 5.25 5,6 5.95 6.05
HDBANK 3.85 3.95 5.3 4.7 5,6 6.1
IVB 3.8 4.1 5.1 5.1 5.8 6.1
KIENLONGBANK 3.7 3.7 5.2 5.3 5,6 5.7
LPBANK 3.6 3.8 5 5 5.5 5.8
MB 3.5 3.9 4.5 4.5 5.1 5.1
MSB 3.9 3.9 4.8 4.8 5,6 5,6
NAM A BANK 4.5 4.7 5 5.2 5,6 5.7
NCB 3.9 4.2 5.55 5.65 5.8 5.8
OCB 3.9 4.1 5.1 5.1 5.2 5.4
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 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 4.55 4.55 4.85 4.85
TPBANK 3.5 3.8 4.7 5.2 5.4
VIB 3.6 3.9 4.8 4.8 5.3
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 3.6 3.8 4.8 4.8 5.3 5.3
New regulations on deposit interest rates will be applied from November 20th.

New regulations on deposit interest rates will be applied from November 20th.

Decisions No. 2410 and 2411 of the Governor of the State Bank of Vietnam (SBV), effective from November 20th, regulate deposit interest rates for US dollars and Vietnamese dong.
Which bank is offering the highest tiered deposit interest rates?

Which bank is offering the highest tiered deposit interest rates?

Several banks, such as Techcombank, ACB, Bac A Bank, VPBank, etc., are listing tiered deposit interest rates with preferential rates for customers with high deposit balances.
New regulations on deposit interest rates and securities transactions.

New regulations on deposit interest rates and securities transactions.

A series of policies related to economic issues, such as new regulations on deposit interest rates, securities trading, and support for cooperative development, will take effect from November 2024.