Interest rates as of December 19th: PVcomBank leads with 9%/year, Big4 remain stable.
The interest rate market on December 19, 2025 showed clear divergence, with PVcomBank maintaining the highest rate of 9%/year for a 12-month term, while the Big4 banks kept a record low of 1.6%/year.
Interest rate trends on December 19, 2025
According to a survey conducted on the morning of December 19, 2025, the savings deposit interest rate market in Vietnam continues to show a clear divergence between state-owned commercial banks (Big4) and private commercial banks. The significant interest rate differential offers depositors many choices, depending on the term and whether the deposit is made over the counter or online.
PVcomBank maintains the highest interest rate.
PVcomBank continues to lead the market in deposit interest rates, offering 9.0% per annum for a 12-month term. This is currently the highest interest rate recorded. However, to enjoy this preferential rate, customers need to meet certain conditions regarding the minimum deposit amount. This policy helps PVcomBank attract a large amount of idle capital from investors seeking a safe and effective investment channel at the end of the year.
The Big4 group and SCB are at the lowest levels in the market.
Conversely, the group of four major banks, including Vietcombank, BIDV, VietinBank, and SCB, maintain low interest rates. Specifically, for a 1-month term, these banks are offering an interest rate of only 1.6% per year, the lowest in the market. Nevertheless, thanks to their brand reputation and extensive network, this group remains the top choice for many customers prioritizing absolute security.
Comparing interest rates of some typical banks
The market also saw competition in medium-term deposits ranging from 6 to 9 months. Banks such as ABBank, Bao Viet Bank, and OceanBank offered interest rates ranging from 5.0% to 5.5% per year. Notably, online deposits often received an additional 0.1% to 0.3% interest rate compared to deposits made at the counter.
| Banking group | Term | Interest rate (%/year) |
|---|---|---|
| PVcomBank | 12 months | Up to 9.0% |
| ABBank, Bao Viet Bank, OceanBank | 6-9 months | 5.0% - 5.5% |
| Big4 group, SCB | 1 month | 1.6% |
Market regulations and forecasts
Legally, the State Bank of Vietnam maintains interest rate ceilings to ensure system stability. The maximum interest rate for demand deposits and deposits with maturities of less than one month is 0.2% per year; for deposits from one month to less than six months, it is 4.0% per year. Economic experts predict that interest rates are unlikely to fluctuate significantly in the final days of 2025, as banks need to balance their capital to meet spending demands during the Lunar New Year holiday. Depositors should compare interest rates and take advantage of online promotions to optimize their profits.
