Bank interest rates on August 20: One bank adds up to 0.8%/year

On August 20, the market recorded that the interest rate race continued to heat up when many banks simultaneously announced additional incentives, with an increase of 0.3-0.8%/year, mainly applied to customers making online savings deposits.

Race plus interest

Vietnam-Russia Joint Venture Bank (VRB) is implementing a preferential program from August 16 to September 14, 2025, adding 0.5-0.8%/year for customers making online savings deposits compared to the normal interest rate schedule.

After the promotion, the interest rate at VRB for a 1-month term is 4.1%/year; for a 2-5 month term is 4.3%/year; for a 6-8 month term is 5.7%/year; for a 9-10 month term is 5.8%/year; for a 12 month term is 6%/year; and for a 13-36 month term is up to 6.1%/year.

Previously, the Military Commercial Joint Stock Bank (MB) also added 0.3%/year for customers who made online savings deposits from August 18-28, with a term of 1-6 months. Customers need to use the voucher integrated on the banking application to enjoy the promotion.

Techcombank increased interest rates by 0.5%/year for terms of 3, 6 and 12 months, and added 0.5%/year for the first deposit of individual customers who have never made a savings deposit from January 1, 2025. After adjustment, the maximum interest rates will reach 4.4%/year (3 months), 5.3%/year (6 months) and 5.5%/year (12 months).

In particular, Techcombank Inspire members will also receive an additional 1%/year when depositing during “Inspire Day” from the 1st to the 15th of each month, with terms of 3, 6, and 12 months. At that time, the maximum interest rate can reach 6%/year.

Zero-dong banking group unexpectedly leads the market

The four mandatory transfer banks, including Global Petroleum Bank (GPBank), Vietnam Modern Bank (MBV), Foreign Trade Bank for Digital Technology (VCBNeo) and Vikki Digital Bank (Vikki Bank), are currently leading the market in terms of deposit interest rates.

These banks maintain interest rates of 4%/year or higher for most terms under 6 months, while for long terms, many interest rates approach 6%/year, creating great attraction for customers.

Vikki Bank: Highest online interest rate, up to 6%/year

Vikki Bank maintains the highest online interest rate of 6%/year for terms from 12 months. Specific interest rates include: 1 month 4.15%/year; 2 months 4.2%/year; 3 months 4.35%/year; 6 months 5.65%/year; 12 months 5.95%/year.

For deposits at the counter, the interest rate is 0.1% lower per year, the highest is 5.9% per year for a term of 19-36 months. In addition, customers who deposit savings for a term of 3 months from VND999 billion will receive an additional 1.8% per year, raising the interest rate to 6.15% per year.

GPBank: Online interest rates are superior to those at the counter

GPBank lists the highest online interest rate at 5.95%/year for a term of 12-36 months. The online interest rate table ranges from 3.95%/year (1-2 months) to 5.75%/year (9 months).

At the counter, the highest rate is only 5.2%/year. With a balance of 500 million VND, customers enjoy a preferential rate of 5.45%/year for a term of 12-13 months.

MBV: Highest short-term interest rate on the market

MBV offers the highest interest rate of 5.9%/year for a term of 18-36 months. On the online channel, the specific interest rate table includes a term of 1 month 4.1%/year; 2 months 4.2%/year; 3 months 4.4%/year; 4-5 months 4.7%/year (the highest rate on the market today for this term); 6-8 months 5.5%/year; 9-11 months 5.7%/year; 12 months 5.8%/year.

VCBNeo: Leading interest rates for terms under 6 months

VCBNeo applies the highest online interest rate of 5.55%/year for terms of 13-36 months, but stands out for short terms: 1-2 months 4.35%/year; 3-4 months 4.55%/year; 5 months 4.7%/year - the highest rate in the market for this term.

Interest rates at the counter are 0.1-0.2% lower per year, with the highest reaching 5.45% per year for a term of 12-36 months./.