According to ACB 's new interest rate schedule, for deposits under 200 million VND, terms of 1, 2, 3 months are 3.4%, 3.5%, 3.6%/year respectively, down 0.1 percentage point compared to yesterday.
Notably, the 6-month term decreased from 5% to 4.6%/year. The 9-month term decreased from 5.1% to 4.65%/year and the 12-month term decreased from 5.5% to 4.7%/year.
ACB adds 0.1 percentage point for each different deposit level such as from 200 million VND to under 1 billion VND, from 1-5 billion VND and from 5 billion VND or more.
With the above progressive interest rate calculation, the highest interest rate at ACB is 4.9%/year for a 12-month term if customers deposit from 5 billion VND or more.
ACB is the bank that pays the lowest interest rate on deposits for 6-month and 12-month terms. Interest rates for the remaining terms are also almost the lowest on the market.
However, ACB also applies a special interest rate for a 13-month term for VIP customers depositing VND200 billion or more at 6.5%/year (receiving interest at the end of the term) and 6.25%/year (receiving interest monthly).
In addition to ACB, some banks also apply this policy to attract "super VIP" customers.
HDBank is applying interest rates at the counter, 12-month and 13-month terms of 8.2%/year and 8.6%/year respectively for deposits of at least 300 billion VND or more.
MSB Bank is also paying interest rates at the counter of up to 9%/year for 12- and 13-month term deposits with a minimum deposit amount of VND500 billion or more.
Also today, Bac A Commercial Joint Stock Bank ( Bac A Bank ) reduced 0.1 percentage point of interest rate for 1-5 month term deposits, reduced 0.2 percentage point of interest rate for 6-13 month term deposits, and reduced 0.15 percentage point of interest rate for 15-36 month term deposits.
Accordingly, the 1-5 month term is 4.35%/year; the 6-8 month term is 5.4%/year, the 9-11 month term is 5.5%/year and the 12-13 month term is 5.6%/year.
For 15-month term deposits, interest rates are reduced to 5.65%/year, while 18-36 month terms are reduced to 5.95%/year.
Thus, after this adjustment, there is no deposit term at Bac A Bank listed above 6%/year.
Kien Long Commercial Joint Stock Bank (Kien Long Bank) also lowered its interest rates for long-term deposits from 18 to 24 months. With a reduction of 0.2 percentage points, the interest rates for these terms have dropped to 6.2% per year.
KienLongBank keeps the interest rates unchanged for the remaining terms. The interest rate for 1-2 month terms is 4.55%/year, and for 3 month terms is 4.75%/year.
Interest rates for 6-month, 9-month and 12-month terms are 5.4%/year, 5.6%/year and 5.7%/year respectively. Meanwhile, the interest rate for 15-month term is 5.8%/year.
Thus, since the beginning of November until now, 12 banks have reduced deposit interest rates: Sacombank, NCB, VIB, BaoVietBank, Nam A Bank, VPBank, VietBank, SHB, Techcombank, Bac A Bank, KienLongBank, ACB.
| HIGHEST DEPOSITS INTEREST RATE TABLE ON NOVEMBER 8 (%/year) | ||||||
| BANK | 1 MONTH | 3 MONTHS | 6 MONTHS | 9 MONTHS | 12 MONTHS | 18 MONTHS |
| PVCOMBANK | 3.95 | 3.95 | 6.1 | 6.1 | 6.2 | 6.5 |
| OCEANBANK | 4.6 | 4.6 | 5.8 | 5.9 | 6.1 | 6.5 |
| CBBANK | 4.2 | 4.3 | 5.7 | 5.8 | 6 | 6.1 |
| HDBANK | 4.05 | 4.05 | 5.7 | 5.5 | 5.9 | 6.5 |
| VIET A BANK | 4.5 | 4.5 | 5.6 | 5.6 | 6 | 6.3 |
| BVBANK | 4.4 | 4.7 | 5.55 | 5.65 | 5.75 | 5.75 |
| 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 |
| DONG A BANK | 4.5 | 4.5 | 5.5 | 5.6 | 5.85 | 5.85 |
| GPBANK | 4.25 | 4.25 | 5.45 | 5.55 | 5.65 | 5.75 |
| BAC A BANK | 4.35 | 4.35 | 5.4 | 5.5 | 5.6 | 5.95 |
| KIENLONGBANK | 4.55 | 4.75 | 5.4 | 5.6 | 5.7 | 6.2 |
| VIETBANK | 3.9 | 4.1 | 5.4 | 5.5 | 5.8 | 6.4 |
| SCB | 4.5 | 4.5 | 5.35 | 5.45 | 5.65 | 5.65 |
| OCB | 4.1 | 4.25 | 5.3 | 5.4 | 5.5 | 5.9 |
| 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 |
| EXIMBANK | 3.5 | 4 | 5.2 | 5.5 | 5.6 | 5.8 |
| VIB | 3.8 | 4 | 5.1 | 5.2 | 5.6 | |
| PG BANK | 3.8 | 3.8 | 5.1 | 5.3 | 5.4 | 6.2 |
| LPBANK | 3.8 | 4 | 5.1 | 5.2 | 5.6 | 6 |
| MB | 3.5 | 3.8 | 5.1 | 5.2 | 5.4 | 6.1 |
| SACOMBANK | 3.6 | 3.8 | 5 | 5.3 | 5.6 | 5.75 |
| VPBANK | 3.7 | 3.8 | 5 | 5 | 5.3 | 5.1 |
| TPBANK | 3.8 | 4 | 5 | 5 | 5.55 | 6 |
| MSB | 3.8 | 3.8 | 5 | 5.4 | 5.5 | 6.2 |
| NAMA BANK | 3.6 | 4.2 | 4.9 | 5.2 | 5.7 | 6.1 |
| ABBANK | 3.9 | 4 | 4.9 | 4.9 | 4.7 | 4.4 |
| SEABANK | 4 | 4 | 4.8 | 4.95 | 5.1 | 5.1 |
| 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 |
| VIETINBANK | 3.4 | 3.75 | 4.6 | 4.6 | 5.3 | 5.3 |
| BIDV | 3.2 | 3.5 | 4.4 | 4.4 | 5.3 | 5.3 |
| VIETCOMBANK | 2.8 | 3.1 | 4.1 | 4.1 | 5.1 | 5.1 |
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