Viet Capital Bank interest rates for April 2025
In April 2025, Viet Capital Bank adjusted down savings interest rates for some terms, applicable to both over-the-counter and online deposits.
The new interest rate schedule, effective from March 28th, ranges from 3.8% to 6.1% per year depending on the deposit term, with interest paid at the end of the term.
Specifically, for over-the-counter deposits, interest rates for short-term periods from 1 to 5 months remain unchanged compared to the previous month. The rates are as follows: 1 month at 3.8%/year, 2 months at 3.85%/year, 3 months at 4%/year, 4 months at 4.05%/year, and 5 months at 4.1%/year.
From the 6-month term onwards, banks began to slightly adjust interest rates downwards. Specifically, the 6-month term is 5.1%/year (down 0.1 percentage point), the 7-month term is 5.15%/year, and the 8-month term is 5.2%/year, all slightly lower than the previous term. The 9-month term decreased to 5.25%/year, lower than the 5.35% of March. The 10-month and 11-month terms decreased to 5.3% and 5.35%/year respectively. Meanwhile, the 12-month term is listed at 5.55%/year, also down 0.1 percentage point.
For longer terms, the bank maintained the same interest rates: 5.85% for 18 months and 5.9% for 24 months. For terms of 48 months or more, the interest rates are 6% and 6.1% per year for 60 months, respectively. Shorter terms such as 1 week, 2 weeks, and 3 weeks remain at a very low rate of 0.3% per year.
BVBank has also made similar adjustments to its online deposit rates. Online interest rates for 1-month, 3-month, 6-month, and 9-month terms are 3.95%, 4.15%, 5.15%, and 5.3% per year, respectively, all slightly lower than the previous month.
The 12-month term is currently offered at an interest rate of 5.6% per annum, lower than the previous rate of 5.8% per annum. The 18- to 24-month terms continue to maintain rates in the 5.9% - 5.95% per annum range.
Overall, in the context of a general downward trend in interest rates, the adjustments at Ban Viet Bank reflect an effort to balance the cost of capital mobilization and market demand.
Although the reduction wasn't significant, it still somewhat affected individual customers' decisions to deposit their savings for the long term.
