Big banks also join in increasing savings interest rates

In the latest mobilization interest rate table applied from the beginning of December 2025, Military Bank (MB) adjusted to increase a series of terms by about 0.3 percentage points compared to the previous month.

Accordingly, customers depositing for 2 months at 3.6%; 3-5 months at 3.9%; and 5-11 months at 4.5%. With deposit terms longer than 24 months, MB's mobilization interest rate reached 6%/year for the first time. These terms increased by 0.3 percentage points compared to the previous month.

MB adjusted the highest interest rate increase for terms from 12 to 18 months, increasing by 0.55 percentage points to a maximum of 5.2%/year. MB is the latest commercial bank to join the interest rate increase recently.

According to the reporter of Nguoi Lao Dong Newspaper, from October until now, a series of banks have increased savings interest rates for many terms, from Nam A Bank, Techcombank, Vikki Bank, Cake by VPBank, BVBank, NCB, OCB, LPBank , Kienlongbank...

Ngân hàng tăng lãi suất và ưu đãi Tết thu hút tiền nhàn rỗi - Ảnh 2. — Interest rates continue to increase

Many other banks, if not raising interest rates, are racing to launch promotional programs offering gifts and winning prizes to attract idle money from the population.

Typically, Sacombank has just launched a special incentive program with a series of attractive promotions for individual and corporate customers throughout December 2025.

Customers who deposit savings for a term of 6 months at the counter with a balance of 5 billion VND or more will receive an additional 0.34% interest rate.

Sacombank also gave away 340 airline ticket vouchers worth 6 million VND to 340 customers with 6-month term deposits with the highest accumulated balance (minimum 10 billion VND).

VPBank has also launched a special incentive program for individual customers nationwide, from now until February 28, 2026. Customers have the opportunity to receive thousands of valuable gifts when participating in the Super Profit Premier product (product on the VPBank NEO application). With just one registration, customers can receive outstanding profits with a yield of up to 4.5%/year, along with a chance to draw a lucky draw with a total gift value of up to 3.7 billion VND.

Mr. Nguyen The Minh, Director of Retail Banking Analysis, Yuanta Vietnam Securities Company, commented that some commercial banks continued to adjust their deposit interest rates upward, although the increase was not large compared to last week. Besides the group of small and medium-sized banks leading the increase, a bank belonging to the state-owned commercial bank group has begun to increase deposit interest rates.

According to newly released figures from the State Bank, by the end of September 2025, deposits from individual customers and economic organizations reached nearly 16.18 million billion VND, an increase of about 9.8% compared to the end of last year. Meanwhile, credit at the same time increased by about 13.37%, showing that credit growth is far exceeding deposit growth. By the end of October, credit had increased by 14.77%.

"Although the State Bank has increased short-term liquidity through the open market channel, capital sources in the market have not yet kept up with loan demand. Mobilization interest rates may continue to increase in December, at the same time creating pressure on the lending interest rate level in 2026 when the net interest margin faces the risk of narrowing," said Mr. Nguyen The Minh.

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