Bank interest rates today April 29, 2025: Interest rate increase before the holiday

MB increases short-term interest rates before holidays

On April 29, 2025, some banks continued to adjust deposit interest rates, creating slight fluctuations in the market. Military Bank (MB) has just launched a "special interest rate" program for terms from 1 to 5 months. The increase is 0.2%/year compared to the normal interest rate schedule and applies until May 31, 2025, with no minimum deposit required.

Specifically, MB’s new interest rate for a 1-month term is 3.9%/year, for a 2-month term is 4%/year, and for 3 to 5 months is 4.2%/year. The remaining terms such as 1-3 weeks remain at 0.5%/year, in line with the ceiling rate set by the State Bank.

For longer terms, MB keeps the online savings interest rate unchanged, with the 6-11 month term at 4.6%/year, the 12-18 month term at 5%/year, and the highest for the 24-36 month term at 5.9%/year. This is the second time this year that MB has adjusted the interest rate, after a 0.1% reduction in early April.

Bank interest rates today April 29, 2025: Interest rate increase before the holiday

Techcombank reduces interest rates for many terms

In contrast to MB, Techcombank has just adjusted its savings interest rates down for all terms from 1 to 36 months. For deposit accounts under 1 billion VND, the new interest rate is 3.15%/year for terms of 1-2 months, 3.45% for terms of 3-5 months, 4.45% for terms of 6-11 months and 4.65% for terms of 12-36 months.

Deposits from VND1 billion to under VND3 billion also recorded a similar decrease, with the highest interest rate being 4.7%/year for terms of 12-36 months. For deposits from VND3 billion or more, the maximum interest rate listed by Techcombank is 4.75%/year for long terms.

Techcombank made a similar move to cut interest rates on March 10, 2025, showing that the cutting trend is continuing.

The whole industry continues to reduce interest rates.

After the meeting with the State Bank on February 25, 2025, up to 29 domestic commercial banks adjusted their deposit interest rates down. The reduction ranged from 0.1% to 1.05%/year.

In April alone, many major banks continued to reduce interest rates, including VPBank, MB, Eximbank, Nam A Bank, OCB , VCBNeo, GPBank, Techcombank and Viet A Bank.

Source: https://baonghean.vn/lai-suat-ngan-hang-hom-nay-29-4-2025-tang-lai-suat-truoc-ky-nghi-le-10296195.html