To enjoy interest rates above 6%/year, customers must choose terms longer than 12 months. However, the number of banks still applying this interest rate is not many, the highest is only 6.5%/year.
According to statistics as of November 17, there are currently only 7 banks maintaining deposit interest rates of 6%/year for 15-month terms. 14 banks still maintain interest rates of 6%/year for 18-month terms. 15 banks maintain this interest rate for terms of 24-36 months.
Of which, HDBank is the only bank that still applies interest rates up to 6.5%/year (the highest interest rate currently) and applies to 18-month term deposits.
A few banks are applying a deposit interest rate of 6.4% including: HDBank (15-month term), LPBank (24-36-month term) and OCB (36 months).
Below are statistics on deposit terms with the highest interest rates currently applied, from 6%/year:
| BANKS PAYING DEPOSIT INTEREST RATES OF 6%/YEAR OR HIGHER AS OF NOVEMBER 17, 2023 | ||||
| BANK | 15 MONTHS | 18 MONTHS | 24 MONTHS | 36 MONTHS |
| LPBANK | 6 | 6.4 | 6.4 | |
| OCB | 6.2 | 6.3 | 6.4 | |
| HDBANK | 6.4 | 6.5 | 6.3 | 6.3 |
| SHB | 6.1 | 6.3 | 6.3 | |
| PG BANK | 6.2 | 6.3 | 6.3 | |
| BAOVIETBANK | 6.2 | 6.2 | 6.2 | 6.2 |
| VIETBANK | 6.2 | 6.2 | 6.2 | 6.2 |
| KIENLONGBANK | 6.2 | 6.2 | 6.2 | |
| VIET A BANK | 6 | 6.1 | 6.2 | 6.2 |
| MSB | 6.2 | 6.2 | 6.2 | 6.2 |
| NAMA BANK | 6.1 | 6.1 | 6.1 | |
| OCEANBANK | 6 | 6 | 6 | 6 |
| NCB | 6 | 6 | 6 | 6 |
| PVCOMBANK | 6 | 6 | 6 | |
| TPBANK | 6 | 6 | ||
Particularly for term deposits under 12 months, currently online mobilization interest rates (which are higher than counter mobilization interest rates) at 100% of banks are below 6%/year.
The highest rate currently belongs to OceanBank with an interest rate of 5.9%/year for 9-11 month term deposits.
Coming in second is NCB Bank, which is paying an interest rate of 5.65%/year for 9-11 month term deposits.
PVCombank, BaoVietBank and KienLongBank are paying interest rates of 5.6%/year for deposits of these terms.
Next are GPBank (5.55%/year), HDBank, BacA Bank and VietBank (5.5%/year).
The above group of banks are also paying the highest interest rates for 6-8 month terms, from 5.4-5.8%/year.
On the other hand, the banks paying the lowest interest rates for term deposits under 12 months are Vietcombank (3.9%/year for 6-9 month deposits), BIDV, VietinBank, ACB, (4.6%/year), VietinBank, SeABank (4.6%/year), Agribank (4.7%/year), ACB (4.8%/year), ABBank (4.9%/year), Techcombank (4.75-4.8%/year).
Even for the 12-month term, only OceaBank applies an interest rate of 6%/year. Some banks have interest rates approaching the 6% threshold for this term, including: BaoVietBank, HDBank (5.9%/year), NCB, VietBank (5.8%/year), PVCombank, KienLongBank, Viet A Bank, Nam A Bank (5.7%/year).
ABBank and ACB even lowered their 12-month interest rates to 4.7%/year, lower than the same-term interest rates at state-owned commercial banks.
Currently, ABBank and ACB have lowered the interest rates for all deposit terms to below 5%/year. The highest interest rate at this bank is for the 6-9 month term at 4.7%/year.
| HIGHEST DEPOSITS INTEREST RATES FOR TERMS FROM 1 - 18 MONTHS ON NOVEMBER 17, 2023 (%/year) | ||||||
| BANK | 1 MONTH | 3 MONTHS | 6 MONTHS | 9 MONTHS | 12 MONTHS | 18 MONTHS |
| OCEANBANK | 4.6 | 4.6 | 5.8 | 5.9 | 6 | 6 |
| HDBANK | 3.85 | 3.85 | 5.7 | 5.5 | 5.9 | 6.5 |
| PVCOMBANK | 3.65 | 3.65 | 5.6 | 5.6 | 5.7 | 6 |
| BAOVIETBANK | 4.4 | 4.75 | 5.5 | 5.6 | 5.9 | 6.2 |
| NCB | 4.45 | 4.45 | 5.5 | 5.65 | 5.8 | 6 |
| GPBANK | 4.25 | 4.25 | 5.45 | 5.55 | 5.65 | 5.75 |
| VIETBANK | 3.8 | 4 | 5.4 | 5.5 | 5.8 | 6.2 |
| KIENLONGBANK | 4.55 | 4.75 | 5.4 | 5.6 | 5.7 | 6.2 |
| VIET A BANK | 4.4 | 4.4 | 5.4 | 5.4 | 5.7 | 6.1 |
| BAC A BANK | 4.35 | 4.35 | 5.4 | 5.5 | 5.6 | 5.95 |
| BVBANK | 4 | 4.15 | 5.25 | 5.4 | 5.5 | 5.55 |
| OCB | 3.8 | 4.1 | 5.2 | 5.3 | 5.5 | 6.2 |
| SHB | 3.5 | 3.8 | 5.2 | 5.4 | 5.6 | 6.1 |
| SAIGONBANK | 3.4 | 3.6 | 5.2 | 5.4 | 5.6 | 5.6 |
| LPBANK | 3.8 | 4 | 5.1 | 5.2 | 5.6 | 6 |
| CBBANK | 4.2 | 4.3 | 5.1 | 5.2 | 5.4 | 5.5 |
| MB | 3.5 | 3.8 | 5.1 | 5.2 | 5.4 | 6.1 |
| VIB | 3.8 | 4.3 | 5.1 | 5.2 | 5.6 | |
| MSB | 3.8 | 3.8 | 5 | 5.4 | 5.5 | 6.2 |
| EXIMBANK | 3.6 | 3.9 | 5 | 5.3 | 5.6 | 5.7 |
| SACOMBANK | 3.6 | 3.8 | 5 | 5.3 | 5.6 | 5.75 |
| VPBANK | 3.7 | 3.8 | 5 | 5 | 5.3 | 5.1 |
| SCB | 3.75 | 3.95 | 4.95 | 5.05 | 5.45 | 5.45 |
| PG BANK | 3.4 | 3.6 | 4.9 | 5.3 | 5.4 | 6.2 |
| NAMA BANK | 3.6 | 4.2 | 4.9 | 5.2 | 5.7 | 6.1 |
| DONG A BANK | 3.9 | 3.9 | 4.9 | 5.1 | 5.4 | 5.6 |
| ABBANK | 3.7 | 4 | 4.9 | 4.9 | 4.7 | 4.4 |
| TPBANK | 3.6 | 3.8 | 4.8 | 5.35 | 5.7 | |
| TECHCOMBANK | 3.55 | 3.75 | 4.75 | 4.8 | 5.25 | 5.25 |
| AGRIBANK | 3.4 | 3.85 | 4.7 | 4.7 | 5.5 | 5.5 |
| BIDV | 3.2 | 3.5 | 4.6 | 4.6 | 5.5 | 5.5 |
| VIETINBANK | 3.4 | 3.75 | 4.6 | 4.6 | 5.3 | 5.3 |
| SEABANK | 3.8 | 4 | 4.6 | 4.75 | 5.1 | 5.1 |
| ACB | 3.3 | 3.5 | 4.6 | 4.65 | 4.7 | |
| VIETCOMBANK | 2.6 | 2.9 | 3.9 | 3.9 | 5 | 5 |
Since the beginning of November, 25 banks have reduced deposit interest rates, including Sacombank, NCB, VIB, BaoVietBank, Nam A Bank, VPBank, VietBank, SHB, Techcombank, Bac A Bank, KienLongBank, ACB, Dong A Bank, PG Bank, PVCombank, VietA Bank, SCB, Eximbank, OceanBank, BVBank, OCB, TPBank, CBBank, HDBank, SeABank.
Among them, VietBank and Dong A Bank are the banks that have reduced interest rates twice this November.
On the contrary, VIB, OCB and BIDV are the banks that have increased their deposit interest rates since the beginning of the month. With OCB, the bank increased interest rates for terms from 18 to 36 months. Meanwhile, BIDV increased interest rates for terms from 6 to 36 months, and VIB increased interest rates for terms from 2 to 5 months.
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