Bank interest rates as of January 16, 2026: MBV sharply increases to 7.2% per year.
MBV Bank has just adjusted its deposit interest rate upwards to 7.2% per year, bringing the over-the-counter interest rate to the same level as online deposit rates and placing it among the highest in the market today.
The financial market witnessed significant fluctuations on January 16, 2026, when Vietnam Modern Bank (MBV) simultaneously and sharply increased deposit interest rates across various maturities. Notably, MBV adjusted its over-the-counter savings interest rates to match those for online deposits for maturities from 3 to 36 months, with the highest rate reaching 7.2% per year.
MBV sets a new interest rate benchmark exceeding 7%.
In this adjustment, MBV's over-the-counter deposit interest rates increased from 1% to 1.3% per year depending on the term. Specifically, the 6-11 month term increased by 1% to 6.5% per year; the 12-36 month term increased sharply by 1.3% to reach 7.2% per year. For online deposits, the increase ranged from 0.8% to 1.2% per year.
Besides the option of receiving interest at the end of the term, MBV's monthly interest rates for savings accounts remain high. Specifically, the 12-month term offers an interest rate of 6.97%/year and the 18-month term offers 6.85%/year. MBV maintains the same rates for short-term deposits from 1-5 months, with the 3-5 month term listed at a maximum of 4.75%/year.
Competition in deposit interest rates among banks.
With an interest rate of 7.2% per year, MBV has joined the small group of banks currently listing interest rates above 7%, along with OCB and PGBank. According to statistics from the beginning of January 2026, nine banks in the market have adjusted their deposit interest rates.
Banks that increased interest rates include: VPBank, MSB, ABBank, Bac A Bank, LPBank, VCBNeo, BaoViet Bank, and MBV. Conversely, ACB was the only bank that slightly reduced interest rates for the 3-month term. The trend of increasing deposit interest rates is becoming clearer in order to attract idle capital in the early part of the new year.
Online deposit interest rate table as of January 16, 2026
Below is a summary table of online deposit interest rates (%/year) at some typical banks:
| BANK | 1 MONTH | 3 MONTHS | 6 MONTHS | 12 MONTHS | 18 MONTHS |
|---|---|---|---|---|---|
| MBV | 4.6 | 4.75 | 6.5 | 7.2 | 7.2 |
| PGBANK | 4.75 | 4.75 | 7.1 | 7.2 | 7.3 |
| OCB | 4.75 | 4.75 | 6.3 | 6.6 | 6.8 |
| ABBANK | 4 | 4.2 | 6.5 | 6.5 | 6.5 |
| BAC A BANK | 4.55 | 4.55 | 6.8 | 6.85 | 6.9 |
| TECHCOMBANK | 4.35 | 4.75 | 6.85 | 6.95 | 5.95 |
| AGRIBANK | 3 | 3.5 | 5 | 5.3 | 5.3 |
| VIETCOMBANK | 2.1 | 2.4 | 3.5 | 5.2 | 5.2 |
Overall, interest rates are clearly differentiating between joint-stock commercial banks and state-owned banks, creating more optimal choices for depositors.
