Bank interest rates on December 29th: Many places reach 8.3% per year.
The deposit market on December 29, 2025 witnessed a strong wave of interest rate increases. Additional incentive packages and certificates of deposit pushed the effective interest rate up to 8.3% per year.
As of December 29, 2025, a wave of deposit interest rate increases is occurring across the banking system. Not only are banks adjusting their listed interest rates, but they are also simultaneously launching additional incentive packages and issuing certificates of deposit to attract idle funds for production, business, and liquidity balance during the year-end period.
Competing for interest rates through certificates of deposit and online incentives.
The most prominent product on the market today is BVBank with its online certificate of deposit product. This bank offers interest rates of up to 7.8% per year for a 15-month term with a minimum deposit of just 10 million VND. The program is expected to run until March 31, 2026, or end early if it reaches a scale of 1,000 billion VND. In addition, BVBank maintains a policy of adding up to 0.5% per year to regular savings deposits.
PVcomBank also attracts significant interest by offering an additional 1.5% per year for customers who deposit savings online every Friday. With a minimum deposit of 100 million VND and a term of 12 months or more, the actual interest rate at this bank can reach 7.6% per year (12-month term), 7.8% per year (13 months), and especially up to 8.3% per year for terms from 15 to 36 months.
Meanwhile, digital bank Cake by VPBank applies an additional rate of up to 0.6%/year for first-time depositors, bringing the highest interest rate to 7.5%/year for medium and long-term deposits.
Pressure to raise capital increases towards the end of the year.
According to statistics, since the beginning of December 2025, 26 banks have adjusted their deposit interest rates upwards. Notably, many institutions have increased interest rates two to three times within just one month. This clearly reflects the pressure to balance capital as credit recovers and liquidity demand increases during the peak period at the end of the year.
| Bank | Highest interest rate (%/year) | Terms and conditions apply |
|---|---|---|
| PVcomBank | 9.0% | Minimum balance of VND 2,000 billion (12-13 months) |
| PVcomBank | 8.3% | Deposit online on Friday, from 100 million VND (15-36 months) |
| BVBank | 7.8% | Online Certificate of Deposit (15 months) |
| Cake by VPBank | 7.5% | New customers, long term |
| Vikki Bank, HDBank | 6.5% - 8.0% | Depending on the conditions, the deposit amount can be large. |
Special interest rate and long-term segments
For customers with substantial capital, the highest interest rates on the market currently range from 6.5% to 9.0% per year. PVcomBank leads with 9.0% per year for 12-13 month terms, but requires a minimum balance of up to VND 2,000 billion. Other banks such as Vikki Bank and HDBank also maintain high interest rates for deposits ranging from hundreds to nearly a thousand billion VND.
For typical individual customers, banks such as Bac A Bank, OCB, VIB, and PGBank are still commonly offering interest rates from 6.5% to 7.0% per year for long-term deposits without requiring large deposit amounts. Experts believe that, in the context of other investment channels remaining volatile, bank savings remain the preferred choice for people due to their safety and significantly improving returns.
