After 3 months of keeping it the same, Vietnam Construction Bank (CB) has just joined the race to increase deposit interest rates, increasing 0.4%/year for terms from 1-12 months and 0.3%/year for terms from 13 months and above.

According to the online interest rate table, the 1-2 month term increased to 3.8%/year, 3-5 months to 4%/year, 6 months to 5.5%/year, 7-11 months to 5.5%/year, and 12 months to 5.7%/year.

The highest interest rate of 5.85%/year at CB is currently for deposit terms of 13 months or more after increasing by 0.3%/year.

CB is also the only bank that changed its deposit interest rate this morning, bringing the total number of banks that have increased interest rates since the beginning of the month to 7, including: Agribank, Eximbank, HDBank, Sacombank, Saigonbank, TPBank, and CB. Of which, Sacombank is the bank that has increased interest rates twice during this period.

In yesterday's trading session, the State Bank unexpectedly adjusted the OMO interest rate down by 0.25%/year to 4.25%/year. This is the first time in 2024 that the operator has reduced the OMO interest rate after two increases, each time by 0.25%/year.

In addition, the State Bank also issued VND3,250 billion worth of 14-day treasury bills in the August 5 session. The winning interest rate was 4.25%/year, down 0.25%/year compared to the previous session.

HIGHEST DEPOSITS INTEREST RATES AT BANKS ON AUGUST 6, 2024 (%/YEAR)
BANK 1 MONTH 3 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS 18 MONTHS
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
ABBANK 3.2 4 5 5.5 6 5.7
ACB 3 3.4 4.15 4.2 4.8
BAC A BANK 3.7 3.9 5.15 5.25 5.75 5.85
BAOVIETBANK 3.3 4 5.2 5.4 5.8 6
BVBANK 3.7 3.8 5.1 5.5 5.8 6
CBBANK 3.8 4 5.55 5.5 5.7 5.85
DONG A BANK 2.8 3 4 4.2 4.5 4.7
EXIMBANK 3.5 4.3 5.2 4.5 5.4 5.1
GPBANK 3 3.52 4.85 5.2 5.75 5.85
HDBANK 3.55 3.55 5.1 4.7 5.5 6.1
KIENLONGBANK 3.7 3.7 5.2 5.3 5.6 5.7
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
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 3.7 4 5.35 5.55 5.7 6.1
OCB 3.7 3.9 4.9 5 5.2 5.4
OCEANBANK 3.4 3.8 4.8 4.9 5.5 6.1
PGBANK 3.2 3.7 5 5 5.5 5.8
PVCOMBANK 3.35 3.55 4.5 4.7 5.1 5.8
SACOMBANK 3.3 3.6 4.9 4.9 5.4 5.6
SAIGONBANK 3.3 3.6 4.8 4.9 5.8 6
SCB 1.6 1.9 2.9 2.9 3.7 3.9
SEABANK 3.2 3.7 4.4 4.54 5.25 6
SHB 3.5 3.6 4.7 4.8 5.2 5.5
TECHCOMBANK 2.85 3.25 4.25 4.25 4.95 4.95
TPBANK 3.5 3.8 4.7 5.2 5.4
VIB 3.1 3.4 4.4 4.4 4.9
VIET A BANK 3.4 3.7 4.8 4.8 5.4 5.7
VIETBANK 3.6 3.8 4.9 5 5.4 5.9
VPBANK 3.1 3.6 4.8 4.8 5.3 5.3