After raising deposit interest rates to a maximum of 6.15%/year for accounts with deposits under 1 billion VND for terms of 18-36 months, Bac A Commercial Joint Stock Bank (Bac A Bank) has just increased interest rates to 6.35%/year for customers depositing over 1 billion VND.

Accordingly, the deposit interest rate for customers depositing over 1 billion VND has increased to 6% per year for a 12-month term. The deposit interest rate for terms of 13-15 months has increased to 6.05% per year. Notably, the deposit interest rate for terms of 18-36 months has risen to the highest level of 6.35% per year. This is also the highest deposit interest rate on the market currently.

Interest rates for other terms increased significantly compared to the market average. Bank interest rates for 9-11 month terms are 5.7%/year, and for 6-8 month terms are 5.6%/year.

Previously, Bac A Bank increased deposit interest rates for the second time this month, by 0.15%/year for terms of 1-11 months, 0.1%/year for terms of 12-15 months, and a significant increase of 0.3%/year for terms of 18-36 months.

Currently, the highest deposit interest rate for accounts under 1 billion VND at Bac A Bank is up to 6.15%/year for terms of 18-36 months.

Meanwhile, deposit interest rates for 1-2 month terms are 3.95%/year, 3 months 4.25%/year, and 4.35-4.45%/year for 4-5 month terms. Deposit interest rates for 6-8 month terms are 5.4%/year, and for 9-11 month terms are 5.5%/year.

Loc Phat Vietnam Commercial Joint Stock Bank ( LPBank ) has just reduced deposit interest rates. This is the second time in October that the bank has adjusted deposit interest rates after a sharp increase of 0.3-0.6% per year for terms of 1-16 months.

According to the online deposit interest rate chart, the interest rate for terms of 1-5 months decreased by 0.3%/year. Currently, the interest rate for terms of 1-2 months is 3.6%/year, and for 3-5 months it is 3.8%/year.

Interest rates for terms from 6 to 60 months have all decreased by 0.2% per year. The rate for 6-11 month terms is now 5% per year, 12-16 month terms is 5.4% per year, and 18-60 month terms is 5.7% per year.

Since the beginning of October, not many banks have adjusted deposit interest rates, including: ABBank (increased rates for 3-month, 6-12-month, and 15-24-month terms), NCB (increased rates for 1-6 month terms), Agribank (increased rates for 1-5 month terms), Techcombank (3-5 months), MSB, LPBank, Eximbank, and Bac A Bank, which also increased rates for some terms.

Among them, Bac A Bank was the first bank to increase interest rates twice in the same month.

Conversely, Agribank reduced deposit interest rates by 0.1%/year for terms of 6-11 months, Techcombank reduced interest rates by 0.1%/year for terms of 1-36 months, NCB reduced interest rates by 0.1-0.35% for terms of 13-60 months, VPBank reduced interest rates by 0.2%/year for terms of 6-36 months, while CB reduced rates by 0.05-0.1%/year for terms of 6 months or more, and LPBank reduced interest rates across all terms.

ONLINE DEPOSIT INTEREST RATE TABLE AT BANKS ON OCTOBER 30, 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
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 3.9 5.3 5.5 5.9 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 5.2 5.4 5.8 6
BVBANK 3.8 4 5.2 5.5 5.8 6
CBBANK 3.8 4 5.5 5.45 5.65 5.8
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 3.6 3.8 5 5 5.4 5.7
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 3.55 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