The "Big 4" group, including the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), the Joint Stock Commercial Bank for Industry and Trade of Vietnam (VietinBank), and the Bank for Agriculture and Rural Development of Vietnam ( Agribank ), maintained low savings interest rates, without significant adjustments compared to June. In particular, the 1-month term fluctuated between 1.6% - 2.4%/year, specifically, Vietcombank, BIDV, VietinBank 1.6 - 1.9%/year; Agribank 2.1 - 2.4%. The 6-month term, the interest rate is 2.9 - 3.3%/year; 12 months and 24 months are 4.6 - 4.8%/year.
For online deposits, the interest rate applied is no more than 5%/year, reflecting the trend of maintaining stable capital mobilization policies from the state banking sector.
At joint stock commercial banks, interest rates were adjusted to 5.8 - 6%/year, mainly for terms of 12 months or more, to attract savings from the population.
In contrast to Big4, many private banks, especially small and medium-sized banks, show signs of increasing deposit interest rates for terms of 6 months or more.
Accordingly, with a term of 6 - 9 months, the highest interest rate applied by Vietnam Thuong Tin Commercial Joint Stock Bank (VietBank), Bac A Commercial Joint Stock Bank ( Bac A Bank ), An Binh Commercial Joint Stock Bank (ABBank) is 5.3 - 5.5%/year.
With a 12-month term, many banks apply an interest rate of 5.5 - 5.8%/year, in which some banks have separate preferential packages for VIP customers or online deposits, the highest rate can be up to 6%/year (Vikki Bank Digital Bank, Vietnam Export Import Commercial Joint Stock Bank - Eximbank).
Some other banks such as Saigon Commercial Joint Stock Bank (Saigonbank), Bao Viet Commercial Joint Stock Bank (BaoViet Bank)... apply higher than average interest rates, combining many interest rate programs for customers who deposit online or in periodic accumulation packages, creating a competitive advantage in the market.
For short-term deposits, interest rates remain low due to regulatory restrictions. However, online deposits, especially on weekends or in flexible packages, at some banks still offer superior interest rates.
Specifically, with a term of 1 - 3 months, when depositing money online at Eximbank, Vietnam Prosperity Joint Stock Commercial Bank (VPBank), the savings interest rate applied is up to 4.3 - 4.7%/year, while for the same term when depositing at the counter, most banks only maintain the level of 2 - 3%/year.
Source: https://hanoimoi.vn/lai-suat-tiet-kiem-co-xu-huong-tang-nhe-711060.html
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