Vietnam Prosperity Joint Stock Commercial Bank ( VPBank ) has just become the 19th bank to increase deposit interest rates since the beginning of June.

According to the interest rate table for online deposit accounts under 10 billion VND, the 1-month term interest rate increased by 0.2%/year to 3.1%/year.

Interest rates on deposits with terms from 3-5 months increased by 0.3%/year, up to 3.5%/year.

VPBank also increased deposit terms from 6-11 months by 0.3%/year, to 4.7%/year.

Meanwhile, bank interest rates for terms from 12-18 months were adjusted to increase by 0.2%/year, to 5.2%/year.

Interest rates for 24-36 month deposits also increased by 0.2% per year and are currently listed at 5.6% per year.

For online deposit accounts from 10 billion VND or more, interest will be added 0.1%/year for each term.

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Online deposit interest rate schedule on June 14, 2024 announced by VPBank. (Screenshot).

In addition, VPBank still applies an additional policy of 0.1%/year for priority customers with a minimum balance of 100 million VND and a minimum term of 1 month.

Thus, the actual mobilization interest rate at VPBank can be up to 5.8%/year, applied to deposit terms from 24-36 months with deposit balance from 10 billion VND.

VPBank is not the only bank adjusting deposit interest rates this morning. After increasing deposit interest rates for terms from 1-12 months last week, Vietnam Export Import Commercial Joint Stock Bank ( Eximbank ) has just continued to increase deposit interest rates for terms from 1-3 months by 0.2%/year.

Accordingly, the online interest rate for 1-month term (interest paid at the end of the term) was listed this morning at 3.5%/year. The latest bank interest rates for 2- and 3-month terms are 3.7% and 3.8%/year, respectively.

Eximbank keeps the interest rates unchanged for the remaining terms. The 6-9 month term has an interest rate of 4.3%/year. The 12-15 month term has an interest rate of 5%/year, and the 18 month term is 5.1%/year.

The highest savings interest rate at Eximbank is currently 5.2%/year, applied to deposit terms from 24-36 months.

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Online deposit interest rate schedule on June 14, 2024 announced by Eximbank. (Screenshot).

Unlike some other banks that add interest to different deposit levels, Eximbank adds 0.1%/year interest to customers who deposit money within 3 days before, during and after their birthday. In addition, depending on different deposit levels (from 100 million VND or more), customers who deposit money will receive gifts of different household appliances.

Except for Eximbank and VPBank, interest rates at other banks remain unchanged.

HIGHEST DEPOSIT INTEREST RATES AT BANKS ON JUNE 14 (%/YEAR)
BANK 1 MONTH 3 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS 18 MONTHS
AGRIBANK 1.6 1.9 3 3 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
ABBANK 3.2 3.6 4.8 4.4 5.6 5.7
ACB 2.5 2.9 3.5 3.8 4.5 4.6
BAC A BANK 3.5 3.7 4.9 5 5.5 5.6
BAOVIETBANK 3 3.55 4.7 4.8 5.1 5.7
BVBANK 3.4 3.5 4.9 5.05 5.6 5.8
CBBANK 3.4 3.6 5.15 5.1 5.3 5.55
DONG A BANK 2.8 3 4 4.2 4.5 4.7
EXIMBANK 3.5 3.8 4.3 4.3 5 5.1
GPBANK 3 3.52 4.85 5.2 5.75 5.85
HDBANK 3.25 3.25 4.9 4.7 5.5 6.1
KIENLONGBANK 3 3 4.7 5 5.2 5.5
LPBANK 3.2 3.3 4.4 4.5 5.1 5.6
MB 3.1 3.4 4.2 4.3 5 4.9
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
NCB 3.5 3.8 5.05 5.25 5.6 6.1
OCB 3.5 3.7 4.6 4.7 4.9 5.4
OCEANBANK 3.4 3.8 4.4 4.6 5.4 5.9
PGBANK 2.9 3.2 4.2 4.2 5 5.2
PVCOMBANK 3.15 3.15 4.3 4.3 4.8 5.3
SACOMBANK 2.7 3.2 4 4.1 4.9 5.1
SAIGONBANK 2.3 2.5 3.8 4.1 5 5.6
SCB 1.6 1.9 2.9 2.9 3.7 3.9
SEABANK 2.7 2.9 3.6 3.8 4.45 5
SHB 3.1 3.2 4.5 4.6 5 5.3
TECHCOMBANK 2.75 3.05 3.95 3.95 4.65 4.65
TPBANK 3.2 3.4 4.3 5 5.4
VIB 3 3.3 4.4 4.5 5.1
VIET A BANK 3.2 3.5 4.6 4.6 5.2 5.5
VIETBANK 3.1 3.3 4.6 4.6 5.2 5.8
VPBANK 3.1 3.5 4.7 4.7 5.2 5.2

With a series of banks adjusting interest rates, since the beginning of June, 19 commercial banks have increased their deposit interest rates, including: VietinBank, TPBank, VIB, GPBank, BaoViet Bank, LPBank, Nam A Bank, OceanBank, ABBank, Bac A Bank, MSB, MB, Eximbank, OCB, BVBank, NCB, VietBank, VietA Bank, and VPBank.

Of which, GPBank, VIB, MB, and Eximbank have increased deposit interest rates twice since the beginning of June.

On the contrary, Eximbank increased deposit interest rates twice for terms of 1-12 months and 1-3 months, but reduced them by 0.1% per year for terms of 15-36 months.

TPBank increased interest rates at the beginning of the month but also adjusted them down to bring the interest rates back to the old level.