Recently, BIDV officially joined the race to increase deposit interest rates. For over a year, since July 2024, this bank had not adjusted deposit interest rates.
Accordingly, bank interest rates for terms of 1-5 months increased by 0.6%/year; and for terms of 6-11 months increased by 0.7%/year.
For the 12-month term, BIDV maintained the same interest rate; for terms of 13-36 months, BIDV increased the rate by 0.1% per year.
With the above adjustments, BIDV currently lists the following online savings interest rates: 2.6%/year for 1-2 month terms; 2.9%/year for 3-5 month terms; 4%/year for 6-11 month terms; 4.7%/year for 12 month terms; 4.8%/year for 13-18 month terms; and the highest rate is 5%/year for 24-36 month terms.
Checking money transactions at the bank (Photo: Tien Tuan).
BIDV is the second bank in the Big 4 group (four state-owned banks, including Agribank , BIDV, VietinBank, and Vietcombank) to adjust deposit interest rates this year.
Last month, VietinBank announced an adjustment to deposit interest rates. The last time VietinBank adjusted deposit interest rates was in June 2024.
According to the online savings interest rate chart recently announced by VietinBank, the interest rate for 1-2 month terms increased by 0.4%/year to 2.4%/year; the interest rate for 3-5 month terms increased sharply by 0.5%/year, to 2.8%/year.
Interest rates for 6-11 month terms increased by 0.6% per year, reaching 3.9% per year. VietinBank maintained interest rates for 12-36 month terms, specifically 4.7% per year for 12-18 month terms and 5% per year for 24-36 month terms.
At the remaining Big 4 banks, Agribank lists online deposit interest rates at 2.4%/year for 1-2 month terms (the same as VietinBank), 3%/year for 3-5 month terms, 3.7%/year for 6-11 month terms, 4.8%/year for 12-18 month terms, and 4.9%/year for 24-36 month terms.
Meanwhile, Vietcombank maintains the lowest deposit interest rates in the system, with listed rates for online deposits at 1.6%/year for 1-2 month terms, 1.9%/year for 3-5 month terms, 2.9%/year for 6-11 month terms, 4.6%/year for 12-18 month terms, and the highest rate at 4.7%/year for 24-36 month terms.
*Interest rate chart of the Big 5 banks (unit: %/year)
| Bank | 1 month | 3 months | 6 months | 12 months |
| Agribank | 2.4 | 3 | 3.7 | 4.8 |
| MB | 2.6 | 2.9 | 4 | 4.7 |
| VietinBank | 2.4 | 2.8 | 3.9 | 4.6 |
| Vietcombank | 1.6 | 1.9 | 2.9 | 4.6 |
Interest rates at the Big 4 banks remain the lowest in the system. Private banks tend to raise interest rates more frequently.
In just one week, VPBank adjusted its deposit interest rate schedule twice. The bank recently raised interest rates for 1-5 month terms to 4.75% per year, after increasing rates by 0.35% and 0.25% per year for 1-2 month terms.
Meanwhile, VPBank maintains its deposit interest rates for terms of 6-36 months at 6% per year. However, at some branches, customers can still enjoy interest rates as high as 6.2% per year.
Among banks adjusting interest rates, VIB increased the interest rate for 2-month deposits by 0.65%/year, to 4.75%/year. Thus, deposit interest rates for 2-5 month terms at this bank have reached their ceiling.
VIB's interest rate schedule continues to be adjusted upwards, with deposits for terms from 6 to 11 months increasing by 0.3%/year, to 5.3%/year. The 12-month term saw the biggest increase, rising by 1%/year to 6.5%/year, the highest among all terms offered by the bank.
Many other banks have also raised short-term interest rates to the maximum limit. Accordingly, an increasing number of banks are offering short-term interest rates of less than 6 months at 4.75%/year - the ceiling set by the State Bank of Vietnam.
OCB, Sacombank, BVBank, and NCB have all increased interest rates, with 12-month term rates commonly ranging from 5.8-6.2% per year. Prior to this, from mid to late November, banks such as VIB, NamABank, MBV, and CIMB Vietnam also applied a ceiling of 4.75% per year for many short-term deposits.
Along with the upward trend in deposit interest rates in recent months, lending interest rates at banks have also shown an upward trend.
Interest rates applied to new loans at some credit institutions have increased by about 0.5-1% per year compared to before, and many large banks have simultaneously narrowed or terminated preferential loan packages for homebuyers. At some private banks, floating interest rates have also begun to be adjusted upwards.
Source: https://dantri.com.vn/kinh-doanh/them-ngan-hang-big-4-tang-lai-suat-gui-tien-o-dau-loi-nhat-20251213180555552.htm
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