Interest rates as of December 16th: PVcomBank lists 8.3%/year, the highest in 2 years.
As of December 16, 2025, deposit interest rates continued to rise sharply as PVcomBank adjusted its rates, raising the highest conditional rate to 8.3% per year for long-term deposits.
The deposit interest rate market on December 16, 2025, witnessed a sharp increase across the board, bringing the general level to its highest in over two years. Most notably, PVcomBank adjusted its interest rates upwards across most maturities, with the highest rate reaching 8.3% per year when applying promotional offers.
PVcomBank leads the growth trend.
According to PVcomBank's latest online savings interest rate chart, interest rates for short-term deposits from 1 to 5 months have been uniformly adjusted to the ceiling of 4.75%/year. The 1-month term saw the biggest increase of 0.8 percentage points, while terms from 2 to 5 months increased by 0.45 to 0.7 percentage points.
In the mid-term group, online deposit interest rates for 6 to 11 months also increased by 0.6 percentage points, to 5.8%/year. Longer terms of 12 months or more officially surpassed the 6%/year mark after an increase of 0.5 percentage points. Specifically, the 12-month term now has an interest rate of 6.1%/year, 13 months is 6.3%/year, and terms from 15 to 36 months are listed at 6.8%/year.
Specifically, PVcomBank also offers an additional interest rate of up to 1.5% per year for customers who deposit savings online on Fridays in December, applicable to deposits of 100 million VND or more with a term of 12 months. With this offer, the actual interest rate received can reach...7.6% per yearfor a term of 12 months,7.8% per yearfor a term of 13 months and8.3% per yearfor terms of 15–36 months.
In addition, this bank continues to maintain a special interest rate.9% per yearFor the Public Deposit product, applicable to customers depositing 2,000 billion VND or more for a term of 12-13 months.
The interest rate race is spreading.
PVcomBank's move comes amidst a widening interest rate race. Since the beginning of December, there have been...19 banksDeposit interest rates have been adjusted upwards, with some banks raising them up to twice. This indicates increasing competitive pressure for capital as credit and liquidity demand surges at the end of the year.
Currently, the highest interest rates on the market range from 6.5% to 9% per year, however, most are applied to very large deposits. Some other banks such as Vikki Bank, HDBank, and Nam A Bank also list interest rates from 7.7% to over 8% per year with strict conditions on deposit amounts. Nevertheless, interest rates above 6% per year for medium and long-term deposits without conditions are becoming increasingly common, suggesting that the upward trend may continue.
