According to the latest survey, the deposit interest rate at Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) in early February continued to decrease compared to January 2024. The applied interest rate for individual customers ranged from 0.2 – 5% per year for end-of-term interest payment. Meanwhile, businesses received a deposit interest rate of 0.2 – 4.2% per year.
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VietinBank deposit interest rates for individual customers
In early February, the deposit interest rate for individual customers decreased by 0.2 – 0.3% per year in most terms compared to early January. Currently, VietinBank applies deposit interest rates ranging from 0.2% per year to 5% per year for fixed-term deposits with end-of-term interest payment.
Specifically, the interest rate for deposits with terms from 1 month to less than 3 months is 1.9% per year.
For terms from 3 months to less than 6 months, the interest rate is 2.2% per year.
VietinBank applies an interest rate of 3.2% per year for terms from 6 months to less than 12 months.
Customers will receive an interest rate of 4.8% per year when depositing funds from 12 months to less than 24 months.
The highest deposit interest rate currently offered by VietinBank for individual customers is 5% per year, for terms of 24 months and above.
For terms less than 1 month, the posted interest rate is 0.2% per year. On the other hand, non-term deposits have a low interest rate of only 0.1% per year.
VietinBank deposit interest rates for individual customers in February 2024
|
Term |
Deposit interest rate (% per year) |
|
Non-term |
0.1 |
|
Less than 1 month |
0.2 |
|
1 month to less than 2 months |
1.9 |
|
2 months to less than 3 months |
1.9 |
|
3 months to less than 4 months |
2.2 |
|
4 months to less than 5 months |
2.2 |
|
5 months to less than 6 months |
2.2 |
|
6 months to less than 7 months |
3.2 |
|
7 months to less than 8 months |
3.2 |
|
8 months to less than 9 months |
3.2 |
|
9 months to less than 10 months |
3.2 |
|
10 months to less than 11 months |
3.2 |
|
11 months to less than 12 months |
3.2 |
|
12 months |
4.8 |
|
Over 12 months to 13 months |
4.8 |
|
Over 13 months to less than 18 months |
4.8 |
|
18 months to less than 24 months |
4.8 |
|
24 months to less than 36 months |
5 |
|
36 months |
5 |
|
Over 36 months |
5 |
Source: VietinBank
VietinBank deposit interest rates for business customers
In February 2024, the deposit interest rate for business customers at VietinBank also saw a decrease of 0.2 – 0.3% per year in most terms compared to a month ago. Currently, Vietinbank applies an interest rate framework ranging from 0.2% – 4.2% per year for fixed-term deposits with end-of-term interest payment for business customers.
Specifically, VietinBank sets the interest rate at 1.9% per year for terms from 1 month to less than 3 months.
Customers depositing funds from 3 months to less than 6 months will receive an interest rate of 2.2% per year.
For terms from 6 months to less than 12 months, VietinBank offers the same interest rate of 3.2% per year.
Long terms are provided with preferential interest rates by VietinBank. Accordingly, for deposits of 12 months and above, business customers will receive the highest interest rate of 4.2% per year.
On the other hand, non-term deposits or deposits with terms less than 1 month are applied an interest rate of 0.2% per year.
VietinBank deposit interest rates for business customers in February 2024
|
Term |
Deposit interest rate (% per year) |
|
Non-term |
0.2 |
|
Less than 1 month |
0.2 |
|
1 month to less than 2 months |
1.9 |
|
2 months to less than 3 months |
1.9 |
|
3 months to less than 4 months |
2.2 |
|
4 months to less than 5 months |
2.2 |
|
5 months to less than 6 months |
2.2 |
|
6 months to less than 7 months |
3.2 |
|
7 months to less than 8 months |
3.2 |
|
8 months to less than 9 months |
3.2 |
|
9 months to less than 10 months |
3.2 |
|
10 months to less than 11 months |
3.2 |
|
11 months to less than 12 months |
3.2 |
|
12 months |
4.2 |
|
Over 12 months to 13 months |
4.2 |
|
Over 13 months to less than 18 months |
4.2 |
|
18 months to less than 24 months |
4.2 |
|
24 months to less than 36 months |
4.2 |
|
36 months |
4.2 |
|
Over 36 months |
4.2 |
Source: VietinBank
Note that the above interest rates are for reference only and may change over time as well as depending on market conditions. Customers should contact the nearest VietinBank branch for detailed information.
VietinBank is currently one of the largest banks in Vietnam in terms of scale and transaction network. As of the end of 2023, VietinBank has received nearly 1.411 quadrillion dong of customer deposits, ranking third in the banking industry, only after Agribank and BIDV.
