A series of banks simultaneously raised interest rates, and people's deposits reached a new record high.

BIDV triển khai gói tín dụng 40.000 tỷ đồng hỗ trợ thuê/mua nhà

Ten banks increased deposit interest rates in October. (Source: BIDV )

From the beginning of 2025 until now, only January and October have recorded the highest number of banks increasing interest rates in a single month (10 banks in each month). However, while January saw a few banks reducing interest rates, October saw none.

Banks that increased deposit interest rates in October included Sacombank, GPBank, NCB, Vikki Bank, Bac A Bank, VCBNeo, HDBank, VIB, Techcombank, andSHB . The lowest increase was 0.1%/year, while the highest was up to 0.7%/year at Sacombank for over-the-counter savings deposits with terms of 1-5 months.

Specifically for online deposit interest rates for 3-month terms, SHB is the bank with the strongest adjustment, increasing by 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.

Online savings interest rates for 6-month terms increased most sharply at Bac A Bank with a 0.4%/year increase; VCBNeo, SHB, and Techcombank all increased by 0.3%/year; Vikki Bank increased by 0.2%/year; VIB, NCB, and GPBank increased by 0.1%/year.

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

Bac A Bank also leads in online banking interest rates for 18-month terms after 3 adjustments, increasing by 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, while 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.

Alongside raising interest rates, many banks are also stepping up promotional programs to attract deposits. Numerous banks are competing to attract deposits by offering gifts or bonus interest rates, such as LPBank, VIB, GPBank, VietBank, Vikki Bank, Techcombank, MB, VietinBank, Vietcombank, etc.

Vikki Bank even invites KOLs to participate in live streams on the bank's fanpage at 8 PM every day to introduce promotional packages for customers who deposit savings.

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

According to Deputy Governor of the State Bank of Vietnam Pham Thanh Ha, by the end of October 2025, household deposits in the banking system reached approximately 8 trillion VND, an increase of nearly 13% compared to the same period last year.

These abundant financial resources have played a crucial role in maintaining Vietnam's high GDP growth rate. This also clearly demonstrates the effectiveness of promoting savings among the population.

In the context of a volatile global economy, increasingly fierce competition for resources, shrinking international capital, and rising capital costs, leveraging domestic resources, savings deposits, and efficiently utilizing domestic resources are becoming increasingly important.

With savings interest rates rising sharply, it is expected that deposits from the household sector into credit institutions will continue to set new records in the coming months.

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