A series of banks simultaneously increased interest rates, people's deposits set a new record.

Up to 10 banks increased their deposit interest rates in October, of which Bac A Bank increased it 3 times. The market did not record any bank reducing interest rates this month.

Up to 10 banks increased deposit interest rates in October. (Source: BIDV )

Since the beginning of 2025, only January and October have recorded the highest number of banks increasing interest rates in a month (10 banks each). However, while in January there were still a few banks reducing interest rates, last October there was no case of reduction.

Banks that increased deposit interest rates in October include Sacombank, GPBank, NCB, Vikki Bank, Bac A Bank, VCBNeo, HDBank, VIB, Techcombank andSHB . The lowest increase is from 0.1%/year, the highest is up to 0.7%/year as at Sacombank with interest rates for savings at the counter for 1-5 months.

Only counting the 3-month online deposit interest rate, SHB is the bank with the strongest interest rate adjustment with an increase of 0.35%/year; Bac A Bank increased by 0.25%/year. HDBank, Techcombank, VIB, Sacombank all increased by 0.2%/year and NCB increased by 0.1%/year.

Regarding 6-month online savings interest rates, Bac A Bank increased the most with an increase of 0.4%/year; VCBNeo, SHB and Techcombank all increased by 0.3%/year; Vikki Bank increased by 0.2%/year; VIB, NCB, GPBank increased by 0.1%/year.

For the 12-month term, Bac A Bank's online deposit interest rate increased the most, up to 0.5%/year; VCBNeo increased by 0.3%/year; Techcombank increased by 0.2%/year. Deposit interest rates for the same term at SHB, VIB, NCB, GPBank and Vikki Bank all increased by 0.1%/year.

Regarding 18-month online banking interest rates, Bac A Bank also leads the increase after 3 adjustments, increasing 0.5%/year to 6.3%/year for deposits under 1 billion VND and 6.5%/year for deposits from 1 billion VND.

For the same 18-month term, savings interest rates at VCBNeo increased by 0.25%/year in October, Techcombank increased by 0.2%/year. The remaining banks, SHB, VIB, Sacombank, GPBank and Vikki Bank all increased their 18-month savings interest rates by 0.1%/year.

Along with increasing interest rates, many banks are also promoting promotions to attract deposits. Many banks are racing to attract deposits by giving gifts or giving interest rates to depositors, such as LPBank, VIB, GPBank, VietBank, Vikki Bank, Techcombank, MB, VietinBank, Vietcombank...

Vikki Digital Bank (Vikki Bank) even invited KOLs to join livestream on the bank's fanpage at 8:00 p.m. every day to introduce promotional packages for savings customers.

According to Vikki Bank, from now until January 22, 2026, customers who deposit 20 million VND or more every day, every week will have the chance to win from 5 taels of gold to 1 tael of gold. The highest prize is up to 1kg of gold.

According to Deputy Governor of the State Bank Pham Thanh Ha, by the end of October 2025, people's deposits in the banking system reached about 8 million billion VND, an increase of nearly 13% over the same period last year.

This abundant financial resource has contributed significantly to maintaining Vietnam's GDP growth at a high level. This is also a clear demonstration of the effectiveness of promoting savings among the population.

In the context of a volatile world economy, increasingly fierce competition for resources, shrinking international capital sources, and increasing capital costs, promoting internal resources, savings deposits, and effectively using domestic resources are increasingly important.

With savings interest rates heating up, it is expected that the amount of money deposited from the residential sector into credit institutions will continue to set new records in the coming months.

Source: https://baoquocte.vn/mot-loat-ngan-hang-dong-loat-tang-lai-suat-tien-gui-cua-nguoi-dan-lap-ky-luc-moi-333150.html