Specifically, BIDV reduced the interest rate for 1-11 month terms by 0.3 percentage points. The interest rate for 1-2 month terms after the reduction is only 2%/year; the interest rate for 3-5 month terms is only 2.3%/year and the interest rate for 6-11 month terms is only 3.3%/year.
Meanwhile, Agribank also reduced 0.2 percentage points of interest rates for 1-2 month deposits to only 1.8%/year, and sharply reduced 0.4 percentage points of interest rates for 3-5 month deposits to 2.1%/year.
For online deposit interest rates for 6-11 month terms, Agribank reduced interest rates by 0.2 percentage points to 3.4%/year.
At VietinBank , online deposit interest rates for 1-2 month terms are only 1.9%/year after a 0.3 percentage point reduction. 3-5 month terms are 2.2%/year after a similar reduction.
VietinBank listed the 6-9 month term deposit interest rate at 3.2%/year, down 0.3 percentage points compared to before.
Thus, all three state-owned commercial banks have the same interest rate for 12-36 month terms from 5-5.3%/year. Of which, Agribank and VietinBank have reduced the interest rate for 1-2 month terms to below 2%/year.
Up to now, the Big4 group has simultaneously reduced deposit interest rates in January 2024.
Also on the morning of January 17, Saigon - Hanoi Commercial Joint Stock Bank (SHB) for the second time since the beginning of the month reduced deposit interest rates by 0.1-0.2 percentage points for terms from 1-12 months.
According to the online deposit interest rate schedule applied by SHB from January 17, the 1-month deposit interest rate decreased by 0.1 percentage point to 3.4%/year.
The 2-month term interest rate was adjusted down by 0.2 percentage points to 3.5%/year, while the 3-month, 4-month and 5-month terms all decreased by 0.1 percentage points, bringing the interest rate down to 3.7% - 3.8% - 3.9%/year, respectively.
Interest rates on deposits with terms of 6-8 months at SHB were also brought back to 4.9%/year after a decrease of 0.1 percentage points.
Meanwhile, the 9-month term interest rate decreased by 0.2 percentage points to 5%/year; the 10 and 11-month terms decreased by 0.1 percentage points to 5.1%/year.
That is also the reduction for 12- and 13-month deposit interest rates, to 5.3% and 5.4% per year, respectively.
Today is also the second time since the beginning of the month that interest rates at Vietnam International Commercial Joint Stock Bank (VIB) have been adjusted.
VIB's online deposit interest rate table shows that interest rates for 6-11 month terms have all decreased by 0.1 percentage points. Currently, the new interest rate for 6-11 month terms is 4.5%/year.
Interest rates posted at bank counters on January 17:
| Bank | Term 03 months | Term 06 months | 12 month term | 24 month term |
| Agribank | 2.1 | 3.2 | 5.0 | 5.3 |
| Vietcombank | 2.0 | 3.0 | 4.7 | 4.7 |
| Vietinbank | 2.2 | 3.2 | 5.0 | 5.3 |
| BIDV | 2.2 | 3.2 | 5.0 | 5.3 |
| AB Bank | 3.15 | 4.2 | 3.8 | 3.7 |
| ACB | 3.4 | 4.5 | 4.6 | 4.6 |
| North Asia Bank | 3.7 | 4.9 | 5.2 | 5.6 |
| Bao Viet Bank | 4.05 | 5.0 | 5.5 | 5.8 |
| CB Bank | 4.2 | 5.6 | 5.9 | 6.0 |
| Dong A Bank | 3.9 | 4.9 | 5.4 | 5.6 |
| Eximbank | 3.6 | 4.5 | 5.0 | 5.4 |
| HD Bank | 3.15 | 5.3 | 5.5 | 6.2 |
| GP Bank | 3.87 | 4.8 | 5.0 | 5.1 |
| Hong Leong Bank | 2.0 | 3.5 | 3.5 | 3.5 |
| Kien Long Bank | 3.75 | 5.0 | 5.3 | 5.8 |
| LP Bank | 2.5 | 3.5 | 5.0 | 5.3 |
| MBBANK | 3.1 | 4.3 | 4.8 | 6.0 |
| MSB | 3.3 | 4.2 | 5.1 | 5.8 |
| Nam A Bank | 4.0 | 4.7 | 5.42 | 5.65 |
| NCB | 4.25 | 5.2 | 5.55 | 5.85 |
| OCB | 3.5 | 4.7 | 5.0 | 6.2 |
| Oceanbank | 4.5 | 5.4 | 5.7 | 5.7 |
| PG Bank | 3.5 | 4.6 | 5.5 | 5.9 |
| PVCombank | 3.35 | 5.0 | 5.1 | 5.4 |
| Sacombank | 3.6 | 4.5 | 4.8 | 4.95 |
| Saigonbank | 3.5 | 4.9 | 5.4 | 5.6 |
| SCB | 3.7 | 4.7 | 5.4 | 5.4 |
| SeABank | 4.0 | 4.4 | 4.9 | 5.15 |
| SHB | 3.4 | 4.5 | 5.0 | 5.5 |
| Techcombank | 3.3 | 4.3 | 4.7 | 4.7 |
| TPBank | 3.2 | 4.0 | 4.9 | 5.2 |
| VBBank | 3.9 | 5.3 | 5.7 | 6.1 |
| VIB | 3.3 | 4.3 | 4.7 | 5.1 |
| Viet A Bank | 3.8 | 4.9 | 5.2 | 5.7 |
| Vietcapitalbank | 4.3 | 5.5 | 5.7 | 5.85 |
| VPBank | 3.6 | 4.3 | 5.0 | 4.9 |
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