National Commercial Joint Stock Bank (NCB) has just adjusted its deposit interest rates from today. According to the online deposit interest rate table, the 1-6 month term increased by 0.1%/year; 7-8 month term increased by 0.05%/year. Specifically, the interest rate for 1 month term is 3.9%/year, 2 months is 4.1%/year, 3 months is 4.2%/year, 4 months is 4.3%/year, 5 months is 4.4%/year, 6-7 months is 5.55%/year, 8 months is 5.6%/year.

NCB keeps the interest rate unchanged for 9-12 month terms. Currently, the online interest rate for 9-month terms is 5.65%/year, 10-month terms is 5.7%/year, 11-month terms is 5.75%/year, and 12-month terms is 5.8%/year.

Interest rates for 13-60 month terms decreased to 5.8%/year. Interest rates for 13-15 month terms decreased by 0.1%/year, and for 18-60 month terms decreased by 0.35%/year.

Today's bank interest rates also recorded that Vietnam Prosperity Joint Stock Commercial Bank (VPBank) adjusted its deposit interest rates, with a reduction of 0.2%/year for all deposit interest rates from 6-36 months. This is the first time in nearly 3 months that VPBank has adjusted its interest rates.

According to the online deposit interest rate table for deposits under 10 billion VND, the 1-month term remains at 3.6%/year, and the 2-5 month term remains at 3.8%/year.

Interest rates for 6-11 month terms dropped to 4.8%/year, 12-18 month terms dropped to 5.3%/year, and 24-36 month terms dropped to 5.6%/year.

Interest rates for deposits from VND10 billion to under VND50 billion and from VND50 billion and above will be added 0.1% and 0.2%/year respectively. In addition, customers who prioritize deposits from VND100 million and above will be added 0.1%/year interest rate. The highest mobilization interest rate at VPBank can be up to 5.8%/year.

Before NCB and VPBank, only a few banks adjusted their deposit interest rates since the beginning of October, including: Agribank (increased interest rates for 1-5 month terms), MSB, LPBank, Eximbank, and Bac A Bank also increased interest rates for some terms. On the contrary, Agribank reduced 0.1%/year deposit interest rates for 6-11 month terms and Techcombank reduced 0.1%/year interest rates for 1-36 month terms.

State Bank announces average interest rate in September

According to the State Bank of Vietnam, in September 2024, the average deposit interest rate of commercial banks will be at 0.1-0.2%/year for demand deposits and deposits with terms of less than 1 month.

Average deposit interest rate for term deposits from 1 month to less than 6 months is from 2.7-3.7%/year.

The average interest rate for deposits with terms from 6 months to 12 months is 4.4-4.9%/year; from 5.3-6.0%/year for deposits with terms from over 12 months to 24 months; and from 6.9-7.4%/year for terms over 24 months.

The average lending interest rate of commercial banks for new and old loans with outstanding debt is at 6.7-9.1%/year.

The average short-term lending interest rate in VND for priority sectors is about 3.7%/year, lower than the maximum short-term lending interest rate prescribed by the State Bank of Vietnam (4%/year).

INTEREST RATES FOR ONLINE DEPOSITS AT BANKS ON OCTOBER 24, 2024 (%/YEAR)
BANK 1 MONTH 3 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS 18 MONTHS
AGRIBANK 2.2 2.7 3.2 3.2 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 3.7 5 5.2 5.6 5.7
ACB 3.1 3.5 4.2 4.3 4.9
BAC A BANK 3.8 4.1 5.25 5.35 5.7 5.85
BAOVIETBANK 3.3 4 5.2 5.4 5.8 6
BVBANK 3.8 4 5.2 5.5 5.8 6
CBBANK 3.8 4 5.55 5.5 5.7 5.85
DONG A BANK 3.9 4.1 5.55 5.7 5.8 6.1
EXIMBANK 3.9 4.3 5.2 4.5 5.2 5.8
GPBANK 3.2 3.72 5.05 5.4 5.75 5.85
HDBANK 3.85 3.95 5.1 4.7 5.5 6.1
KIENLONGBANK 3.7 3.7 5.2 5.3 5.6 5.7
LPBANK 3.9 4.1 5.2 5.2 5.6 5.9
MB 3.3 3.7 4.4 4.4 5.1 5
MSB 3.9 3.9 4.8 4.8 5.6 5.6
NAM A BANK 3.8 4.1 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 3.25 3.45 4.55 4.55 4.85 4.85
TPBANK 3.5 3.8 4.7 5.2 5.4
VIB 3.2 3.6 4.6 4.6 5.1
VIET A BANK 3.4 3.7 4.8 4.8 5.4 5.7
VIETBANK 3.8 4 5.2 5 5.6 5.9
VPBANK 3.6 3.8 4.8 4.8 5.3 5.3