Bac A Bank interest rates for March 2025

Bac A Bank reduces interest rates on deposits under 1 billion VND.

Effective March 1, 2025, Bac A Bank has adjusted deposit interest rates for individual customers depositing less than 1 billion VND. Accordingly, the new interest rates range from 3.5% to 5.8% per year for interest paid at the end of the term.

Specifically, interest rates for 1-2 month terms were reduced by 0.1 percentage point, to 3.5% per year. Similarly, the 3-month term rate decreased to 3.8% per year. The 4- and 5-month terms were also adjusted downwards, to 3.9% per year and 4% per year respectively.

For terms of 6-8 months, interest rates have decreased from 5.05%/year to 4.95%/year. For terms of 9-11 months, the current interest rate is 5.05%/year, down 0.1 percentage point compared to the previous month.

For a 12-month term, customers will receive an interest rate of 5.4% per year, while 13-15 month terms are offered at 5.5% per year. For savings accounts with terms of 18-36 months, the current interest rate is 5.8% per year, which is also the highest rate available for individual customers depositing less than 1 billion VND at this bank.

Bac A Bank reduces interest rates on deposits over 1 billion VND.

Interest rates for customers depositing over 1 billion VND have also decreased by 0.1 - 0.2 percentage points depending on the term. Currently, the new interest rates range from 3.7% - 6% per year, applicable to terms from 1 month to 36 months.

The highest interest rate is 6% per annum, applicable to deposits exceeding 1 billion VND with a term of 18 months or more, a decrease of 0.2 percentage points compared to the previous month. Compared to customers depositing less than 1 billion VND, this group enjoys a more favorable interest rate, 0.2 percentage points lower.

Reasons why Bac A Bank reduced interest rates.

Bac A Bank's interest rate reduction comes after the State Bank of Vietnam (SBV) held a meeting with commercial banks on February 25th to implement the Prime Minister's directive on stabilizing deposit interest rates and reducing lending interest rates.

As of March 3rd, 10 commercial banks have adjusted their listed interest rates downwards, including BVBank, MSB, VietBank, Saigonbank, VIB, BaoVietBank, Kienlongbank, Bac A Bank, Viet A Bank, and PGBank.