Early November: VPBank, Techcombank, LPBank, PVcombank, and Others Hike Savings Interest Rates

KienlongBank Savings Interest Rates

KienlongBank has officially adjusted its deposit interest rates as of November 11, after nearly 8 months of maintaining the same rate schedule. The bank increased the interest rate for 1-4 month deposits by 0.2% per annum and the 6-7 month term deposits by the same margin. Notably, KienlongBank reduced the interest rate for 8-9 month deposits by 0.1% per annum while keeping other terms unchanged. These adjustments apply to both individual and corporate customers.

According to the updated online savings interest rate table, individual customers with 1-5 month deposits enjoy a rate of 3.9% per annum. The 6-month term currently stands at 5.3% per annum, while the 8-9 month term has dropped to 5.1% per annum. The 10-11 month terms remain at 5.3% per annum, with the highest rate of 5.5% per annum for 12-month deposits. Longer terms, from 13 to 36 months, are listed at 5.45% per annum.

For corporate customers, KienlongBank’s online deposit rates are 0.1-0.3% per annum lower than those for individuals. Specifically, 1-5 month terms offer 3.7% per annum; 6 months at 5.2% per annum; 7 months at 5.3% per annum; 8 months at 5.0% per annum; 9 months at 4.9% per annum; 10-11 months at 5.0% per annum; 12 months at 5.2% per annum; 13-15 months at 5.05% per annum; and 17-36 months at 5.15% per annum.

LPBank Savings Interest Rates

LPBank has also adjusted its online deposit interest rates for individual customers as of November 10. Specifically, 1-5 month terms increased by 0.3% per annum; 6-11 month terms by 0.2% per annum; and 18-60 month terms by 0.1% per annum, while 12-16 month terms remain unchanged.

After the adjustment, LPBank’s online interest rates for end-of-term payments are 3.9% per annum for 1-month deposits; 4.0% per annum for 2-month deposits; 4.2% per annum for 3-5 month deposits; 5.3% per annum for 6-11 month deposits; 5.4% per annum for 12-16 month deposits; and a peak rate of 5.5% per annum for 18-60 month deposits.

Techcombank Savings Interest Rates

Techcombank recently announced its new online deposit interest rates for individual customers. The 1-2 month term increased by 0.2% per annum to 3.95% per annum; the 3-month term rose by 0.3% per annum to 4.75% per annum, the maximum allowed for deposits under 6 months. The 4-5 month term was adjusted upward by 0.4% per annum to 4.35% per annum. Terms from 12 to 36 months also saw a uniform increase of 0.2% per annum, with the latest 12-month rate reaching 5.75% per annum and 13-36 month terms at 5.25% per annum.

The bank maintained the interest rates for 6-11 month deposits, with 6-month terms at 5.45% per annum and 7-11 month terms at 4.95% per annum. This marks the second consecutive rate increase in just a few days, following the late October adjustment when Techcombank raised rates by 0.3% per annum for 1-2 and 6-36 month terms, and by 0.2% per annum for 3-5 month terms.

BaoViet Bank Savings Interest Rates

BaoViet Bank has also increased its deposit interest rates after more than 7 months of stability. According to the latest online rate schedule, the 1-month term rose by 0.5% per annum to 4.0% per annum; the 2-month term surged by 0.6% per annum to 4.2% per annum. Meanwhile, the 3, 4, and 5-month terms each increased by 0.1% per annum, now listed at 4.45% per annum, 4.5% per annum, and 4.6% per annum, respectively.

BaoViet Bank maintained rates for 6-36 month terms, with 6-8 month terms at 5.45% per annum; 9-11 month terms at 5.5% per annum; 12-month terms at 5.8% per annum; and the highest rate of 5.9% per annum for 13-36 month terms.

PVcombank Savings Interest Rates

PVcombank joined the November rate adjustments, marking its first change in over a year (since August 2024). The bank uniformly increased rates by 0.5% per annum across all terms from 1 to 36 months. With this increase, the highest deposit rate reaches 6.3% per annum for 15-36 month online deposits, currently the market’s highest.

Specifically, the 1-month term rose to 3.80% per annum; 2 months to 3.90% per annum; 3 months to 4.10% per annum; 4 months to 4.20% per annum; 5 months to 4.30% per annum; 6 months to 5.00% per annum; 7-11 months to 5.20% per annum; 12 months to 5.60% per annum; and 13 months to 5.80% per annum.

VPBank Savings Interest Rates

VPBank adjusted its over-the-counter deposit rates at the beginning of November. Currently, over-the-counter savings rates range from 4.2% to 5.4% per annum. Compared to October, VPBank’s direct deposit rates are as follows: 1-month terms increased by 0.3% to 4.2% per annum; 3-month terms by 0.3% to 4.2% per annum; 6-11 month terms by 0.3% to 5.1% per annum; terms over 12 months by 0.3% to 5.3% per annum; and 24-36 month terms by 0.3% to 5.4% per annum.