Banks have raised interest rates on deposits with terms from 6 to 18 months to over 5% per year. Some banks have even raised interest rates on long-term deposits to 6-6.2% per year.

The highest interest rate of 6.2%/year is currently listed by SeABank for term deposits from 15-36 months. This interest rate is only applied to deposits of 10 billion VND or more.

This bank also has a policy of giving an additional 0.5%/year interest rate for deposits from 100 million VND for terms of 6 months, 12 months and 13 months.

SeABank offers a tiered interest rate with 6 different levels. The lowest level is under 100 million VND with the highest interest rate of 5.7%/year, applied to term deposits from 18-36 months.

Similarly, Bac A Bank has just increased its deposit interest rates, with deposits of VND1 billion or more receiving a high interest rate of 6.05%/year, applicable for terms of 18-36 months. This can be considered the most attractive interest rate on the market today.

In addition to SeABank and Bac A Bank paying high interest rates with conditions that not everyone can reach, some banks are paying interest rates of 6-6.1%/year even when customers deposit savings with an amount of less than 100 million VND.

NCB Bank is listing interest rates up to 6.1%/year for 18-60 month term deposits.

For terms from 6-15 months, NCB increased interest rates by more than 5%/year last July. Currently, the listed interest rate for 6-9 month term deposits is 5.35-5.55%/year, and 13-15 month term deposits is 5.8%/year.

The interest rate of 6.1%/year is also being listed by OceanBank for any deposit, with a term of 18-36 months. Deposit terms of 12-15 months are listed at 5.5-5.7%/year.

However, the highest interest rate for deposits with terms under 12 months set by OceanBank is 4.9%/year.

Another bank that is also applying a deposit interest rate of 6.1%/year is SHB. This interest rate is only for customers depositing for a term of 36-60 months, while the term of 12-24 months is from 5.2-5.8%/year.

SHB is still maintaining interest rates for 6-11 month terms below 5%/year.

HDBank is also listing an interest rate of 6.1% per year for 18-month deposits. The bank is also listing an interest rate of up to 6% per year for 15-month deposits.

Last week, ABBank unexpectedly reduced the interest rate for some terms, of which the 12-month term decreased from 6.2% to 6%/year. This is still the leading interest rate in the market even though ABBank only listed it for the 12-month term.

The remaining terms are listed by ABBank with the highest interest rate of 5.7%/year (term 15-60 months).

A bank that has just joined the group of banks paying interest rates from 6%/year is BaoViet Bank. Since July 31, BaoViet Bank has raised the interest rate for online deposits of 15-36 months to 6%/year. Interest rates for 12 and 13 months are approaching this level, at 5.8% and 5.9%/year, respectively.

Some banks are also paying interest rates of 6%/year, including BVBank for 18-36 month terms; OCB for 36 month terms.