According to a survey of online deposit interest rates at commercial banks, the highest deposit interest rate applied to 12-month term deposits is 6%/year announced by ABBank.

ABBank also only lists an interest rate of 6%/year for a 12-month term, and is the only bank applying this interest rate for a 12-month term.

In addition to ABBank, the group of banks leading in 12-month term deposit interest rates also includes BaoViet Bank, BVBank and Saigonbank. All three banks are listing interest rates of up to 5.8%/year for 12-month term deposits.

Meanwhile, Bac A Bank and GPBank apply an interest rate of 5.75%/year for this term deposit, 0.05%/year higher than the interest rate for the same term at NCB and CBBank. KienLong Bank and VietBank list at 5.6%/year.

It can be seen that interest rates of 5% or more almost cover the 12-month term at banks. Up to now, there are only a few banks listing 12-month term interest rates below 5%/year.

These are Techcombank with an interest rate of 4.95%/year (the lowest rate for deposit accounts under 1 billion VND); ACB pays an interest rate of 4.8%/year; Agribank, BIDV and VietinBank 4.7%/year; Vietcombank 4.6%/year and SCB pays the lowest interest rate, only 3.7%/year.

According to statistics, since the beginning of August, 12 banks have increased their deposit interest rates, including Agribank, Eximbank, HDBank, Sacombank, Saigonbank, TPBank, CB, VIB, Dong A Bank, VPBank, Techcombank and VietBank. Of which, Sacombank has increased interest rates twice during this period.

On the contrary, SeABank is the only bank that has reduced deposit interest rates since the beginning of the month.

According to the financial reports of the second quarter of 2024 of 30 commercial banks, in the first 6 months of the year, banks mobilized customers (including economic organizations and residential areas) 12,309 trillion VND.

Four state-owned commercial banks (Agribank, VietinBank, Vietcombank, BIDV) lead the market in capital mobilization. Total deposits as of June 30 reached VND6.36 trillion. The total mobilized capital of this group accounts for 52% of the total outstanding loans and mobilized capital of all 30 banks combined.

Notably, the four state-owned commercial banks mentioned above are among the group paying the lowest deposit interest rates in the market today.

HIGHEST DEPOSITS INTEREST RATES AT BANKS ON AUGUST 13, 2024 (%/YEAR)

(Sort by highest interest rate for 12-month term)

BANK 1 MONTH 3 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS 18 MONTHS
ABBANK 3.2 4 5 5.5 6 5.7
BAOVIETBANK 3.3 4 5.2 5.4 5.8 6
BVBANK 3.7 3.8 5.1 5.5 5.8 6
SAIGONBANK 3.3 3.6 4.8 4.9 5.8 6
BAC A BANK 3.7 3.9 5.15 5.25 5.75 5.85
GPBANK 3 3.52 4.85 5.2 5.75 5.85
CBBANK 3.8 4 5.55 5.5 5.7 5.85
NCB 3.7 4 5.35 5.55 5.7 6.1
KIENLONGBANK 3.7 3.7 5.2 5.3 5.6 5.7
VIETBANK 3.6 3.8 4.9 5 5.6 5.9
HDBANK 3.55 3.55 5.1 4.7 5.5 6.1
OCEANBANK 3.4 3.8 4.8 4.9 5.5 6.1
PGBANK 3.2 3.7 5 5 5.5 5.8
VPBANK 3.6 3.8 5 5 5.5 5.5
EXIMBANK 3.5 4.3 5.2 4.5 5.4 5.1
MSB 3.7 3.7 4.6 4.6 5.4 5.4
NAM A BANK 3.1 3.8 4.6 5.1 5.4 5.7
SACOMBANK 3.3 3.6 4.9 4.9 5.4 5.6
VIET A BANK 3.4 3.7 4.8 4.8 5.4 5.7
DONG A BANK 3.3 3.5 4.5 4.7 5.3 4.7
OCB 3.7 3.9 4.9 5 5.2 5.4
SHB 3.5 3.6 4.7 4.8 5.2 5.5
TPBANK 3.5 3.8 4.7 5.2 5.4
LPBANK 3.4 3.5 4.7 4.8 5.1 5.6
MB 3.3 3.7 4.4 4.4 5.1 5
PVCOMBANK 3.35 3.55 4.5 4.7 5.1 5.8
VIB 3.2 3.5 4.6 4.6 5.1 5.1
SEABANK 2.95 3.45 4.15 4.29 5 5.75
TECHCOMBANK 3.05 3.25 4.25 4.25 4.95 4.95
ACB 3 3.4 4.15 4.2 4.8
AGRIBANK 1.8 2.2 3.2 3.2 4.7 4.7
BIDV 2 2.3 3.3 3.3 4.7 4.7
VIETINBANK 2 2.3 3.3 3.3 4.7 4.7
VIETCOMBANK 1.6 1.9 2.9 2.9 4.6 4.6
SCB 1.6 1.9 2.9 2.9 3.7 3.9