For 1-3 month terms, the average deposit interest rates of large private commercial banks (MB, ACB, VPBank, Techcombank) decreased by 0.2 percentage points from 2.53% per year to 2.33% per year. The interest rates of state-owned commercial banks (Agribank, BIDV, Vietcombank, Vietinbank) decreased slightly by 0.02 percentage points, from 1.95% per year to 1.93% per year. The remaining commercial banks also slightly reduced deposit interest rates for 1-3 month terms, from 2.96% per year to 2.87% per year.
The average 6-9 month term deposit interest rates of large commercial banks decreased from 3.73% per year to 3.62% per year (equivalent to a decrease of 0.11 percentage points). At this term, the deposit interest rates of the 4 state-owned commercial banks remain unchanged compared to the end of February 2024, at 3.1% per year. For 6-9 month term deposits, the average interest rate of the remaining banks is 4.1% per year, a slight decrease of 0.15 percentage points compared to the end of February 2024.
In contrast to short-term terms, the 12-month term deposit interest rates at the 4 state-owned commercial banks are the highest in the system, at 4.75% per year, while other banks are around 4.4% to 4.62% per year. At the 12-month term, the deposit interest rates also decreased by 0.03 to 0.15 percentage points compared to the end of February.
Going into the details of each bank, the highest current 1-month term deposit interest rate is 3.5% per year, offered by CBBank. Next are DongABank at 3.25% per year, OceanBank at 3.1% per year, and Quoc Dan (NCB), VietABank, VietBank, Maritime Bank at 3% per year.
For 1-month term deposits, the lowest interest rate is 1.6% per year, offered by Agribank, SCB, and Vietcombank which is slightly higher at 1.7% per year. BIDV and Vietinbank both apply an interest rate of 1.9% per year for 1-month term deposits.
The highest 3-month term deposit interest rate is currently 3.7% per year, offered by CBBank. Next are NamABank, VietBank at 3.4% per year. At this term, the lowest interest rate is 1.9% per year, offered by Agribank and SCB.
The highest 6-month term deposit interest rate is currently 4.5% per year, offered by HDBank, OCB, VietBank. An Binh Bank, CBBank, Nam A Bank are slightly lower at 4.4% per year but still among the highest in the system. The lowest interest rate at the 6-month term is 3% per year, applied by Agribank, SCB, and Vietcombank.
The 9-month term deposit interest rates do not differ much from the 6-month term. VietBank, Nam A Bank have the highest 9-month term savings interest rates in the system, at 4.7% per year. Next is OCB at 4.6% per year.
However, at An Binh Bank, longer-term deposit interest rates are lower than the 6-month term by 0.3 percentage points. The 9-month and 12-month deposits at this bank enjoy an interest rate of 4.2% per year.
The highest 12-month term deposit interest rate is currently 5.2% per year, offered by Nam A Bank, VietBank. Next are OceanBank, SaigonBank at 5% per year. At this term, Agribank, BIDV, Vietcombank, and Vietinbank apply interest rates ranging from 4.7% to 4.8% per year, which are also high in the system. The lowest 12-month term deposit interest rate is currently 4% per year at Maritime Bank and SCB.
For 24-month term deposits, the highest interest rate is 5.8% per year at OCB. Next are SaigonBank, VietBank at 5.7% per year.
If online deposit customers can enjoy higher interest rates than deposits made at the counter, by 0.1 to 0.3 percentage points per year.
The above deposit interest rates are for personal customer deposits, with interest paid at the end of the term and subject to change. Each bank has its own interest rate policies applied to different customer groups, depending on the deposit amount.
In addition, the actual deposit interest rates may vary depending on the capital balance of each bank branch…
