According to Vietnamnet statistics, 32 commercial banks reduced deposit interest rates in November. Among them are large banks that have an impact on the market such as Agribank, VietinBank, Vietcombank, Techcombank, MB, Sacombank, ACB , ...

Banks that have adjusted interest rates twice include VietBank, Dong A Bank, VIB, NCB, OCB, Bac A Bank, Sacombank, BaoVietBank, BVBank.

Techcombank has reduced interest rates three times in the past month.

Some banks did not change interest rates, including VietBank, KienLongBank, LPBank, MSB, VPBank, Nam A Bank, ABBank.

Notably, BIDV increased and decreased deposit interest rates once. Overall, the bank's deposit interest rates still increased slightly in November. BIDV is the only bank that increased deposit interest rates by 0.1%/year for terms of 6-9 months.

The sharpest reduction in 6-month savings interest rates was at CBBank, Dong A Bank and Sacombank with 0.6%/year. PVCombank, BaoVietBank and VietCapital Bank also drastically cut interest rates for this term with 0.5%/year. Next were ACB, Bac A Bank, SCB and Vietcombank with 0.4%/year reduction.

For the 9-month term, CBBank led the decrease with up to 1.2%/year, far surpassing Sacombank with a decrease of 0.65%/year.

DongA Bank, PVCombank, BaoVietBank decreased by 0.5%/year. Bac A Bank, SCB, Vietcombank all decreased by 0.4%/year.

For the 12-month term, Sacombank drastically reduced the rate by up to 1.2%/year. ACB ranked second after reducing by 0.8%/year. CBBank reduced by 0.6%/year, PVCombank and BaoVietBank both reduced by 0.5%/year.

Banks also reduced interest rates for other terms, especially 1-5 months and 13-18 months.

If in early November, some banks listed online deposit interest rates above 6%/year, now they are all below 6%/year.

Vietcombank pays the lowest deposit interest rates at 2.4%/year for 1-2 month term deposits, 2.7%/year for 3-5 month term deposits and 3.7%/year for 6-9 month term deposits.

For 12 and 18 month term deposits, ABBank pays the lowest interest rates, only 4.7%/year and 4.4%/year. Vietcombank is 4.8%/year for these two terms.

DEPOSITS INTEREST RATE DEVELOPMENT IN NOVEMBER AT BANKS (%/year)
BANK 6 MONTHS 9 MONTHS 12 MONTHS
1/12 Change from 1/11 1/12 Change from 1/11 1/12 Change from 1/11
CBBANK 5.1 -0.6 5.2 -1.2 5.4 -0.6
SACOMBANK 4.7 -0.6 4.95 -0.65 5 -1.2
DONG A BANK 4.9 -0.6 5.1 -0.5 5.4 -0.45
PVCOMBANK 5.6 -0.5 5.6 -0.5 5.7 -0.5
BAOVIETBANK 5.3 -0.5 5.4 -0.5 5.6 -0.5
BVBANK 5.05 -0.5 5.2 -0.45 5.5 -0.25
ACB 4.6 -0.4 4.65 -0.45 4.7 -0.8
BAC A BANK 5.2 -0.4 5.3 -0.4 5.5 -0.3
VIETCOMBANK 3.7 -0.4 3.7 -0.4 4.8 -0.3
SCB 4.95 -0.4 5.05 -0.4 5.45 -0.2
NCB 5.35 -0.35 5.45 -0.3 5.7 -0.2
OCEANBANK 5.5 -0.3 5.6 -0.3 5.8 -0.3
TECHCOMBANK 4.65 -0.3 4.7 -0.3 5.05 -0.3
MB 4.8 -0.3 4.9 -0.3 5.2 -0.2
SAIGONBANK 4.9 -0.3 5.1 -0.3 5.4 -0.2
HDBANK 5.5 -0.2 5.3 -0.2 5.7 -0.2
GPBANK 5.25 -0.2 5.35 -0.2 5.45 -0.2
TPBANK 4.8 -0.2 4.8 -0.2 5.35 -0.2
AGRIBANK 4.5 -0.2 4.5 -0.2 5.3 -0.2
SHB 5.2 -0.2 5.4 -0.2 5.6 -0.2
OCB 5.1 -0.2 5.2 -0.2 5.4 -0.1
EXIMBANK 5 -0.2 5.3 -0.2 5.6 0
SEABANK 4.6 -0.2 4.75 -0.2 5.1 0
VIET A BANK 5.4 -0.2 5.4 -0.2 5.7 -0.3
PGBANK 4.9 -0.2 5.3 0 5.4 0
VIB 5.1 -0.1 5.2 0 0
VIETINBANK 4.5 -0.1 4.5 -0.1 5.3 0
VIETBANK 5.4 0 5.5 0 5.8 0
KIENLONGBANK 5.4 0 5.6 0 5.7 0
LPBANK 5.1 0 5.2 0 5.6 0
MSB 5 0 5.4 0 5.5 0
VPBANK 5 0 5 0 5.3 0
NAMA BANK 4.9 0 5.2 0 5.7 0
ABBANK 4.9 0 4.9 0 4.7 0
BIDV 4.5 +0.1 4.5 +0.1 5.3 0