Bank interest rates today February 17, 2025: A series of banks push interest rates past the 6% mark
Bank interest rates today February 17, 2025, small-scale banks are leading the market in 6-month term deposit interest rates. A series of banks pushed interest rates above the 6% mark but did not require a minimum deposit amount.
Small banks have higher interest rates
Today, February 17, the financial market did not have many fluctuations when no bank adjusted its deposit interest rates. In particular, for the 6-month deposit term, small banks are leading with the highest interest rates.
Small banks are leading the way with attractive interest rates. VCBNeo is at the top with an interest rate of 5.85%/year for online deposits. KienlongBank is next with 5.8%/year. DongA Bank (now Vikki Bank) also applies an interest rate of 5.5%/year for this term. In addition, banks such as MBV, ABBank, BaoVietBank, BVBank, and NCB also list interest rates from 5.45%/year to 5.5%/year.
Some other banks have slightly lower interest rates. Eximbank and VietBank list interest rates at 5.4%/year, while IVB and GPBank have interest rates at 5.35%/year. Banks such as HDBank, OCB, Viet A Bank, LPBank, and Bac A Bank also have interest rates ranging from 5.05%/year to 5.3%/year.
At lower interest rates, some larger banks also have interest rates below 5%/year. Sacombank and VIB listed interest rates at 4.9%/year, while TPBank and Saigonbank have 4.8%/year. Techcombank listed 4.65%/year, MB at 4.6%/year, PVCombank at 4.5%/year, and ACB has the lowest interest rate in this group at 4.2%/year.
Some large and reputable banks have even lower interest rates. SeABank listed an interest rate of 3.95%/year, Agribank at 3.7%/year, and BIDV and VietinBank at 3.3%/year. Notably, Vietcombank and SCB only listed an interest rate of 2.9%/year for a 6-month term.
12-month deposit interest rates are at a high level
Currently, some banks are applying high interest rates for term deposits of 12 months or more. However, to enjoy this attractive interest rate, customers need to deposit a very large amount of money, often up to hundreds or thousands of billions of VND.
PVcomBank has the highest interest rate, up to 9%/year for 12-13 month term deposits, but only applies to customers with a balance of VND 2,000 billion or more.
HDBank offers 8.1%/year for 13-month term and 7.7%/year for 12-month term, with the condition of depositing at least 500 billion VND. For 18-month term, the interest rate is 6%/year.
MSB applies an interest rate of 8%/year for a 13-month term and 7%/year for a 12-month term, but customers need to deposit a minimum of VND500 billion, applicable to newly opened or automatically renewed savings accounts from 2018.
Dong A Bank has an interest rate of 7.5%/year for terms of 13 months or more, but only for deposits of VND200 billion or more. The 24-month term has an interest rate of 6.1%/year.
Bac A Bank offers a maximum interest rate of 6.2%/year for terms of 18-36 months, with the condition that the deposit amount is over 1 billion VND.
Savings interest rate over 6%/year at many banks
Currently, many banks are applying interest rates of over 6%/year for long-term deposits without requiring a minimum deposit amount. This helps customers easily access savings packages with good returns without requiring a large initial capital.
Some banks with attractive interest rates include:
Eximbank: Apply interest rate of 6.2 - 6.6%/year for terms of 15 - 34 months.
BVBank: Interest rate 6.05%/year for 12-month term, increased to 6.25% for 15-month term, 6.35% for 18 months, and highest 6.45%/year for 24-36 month term.
IVB: This bank has the highest interest rate of 6.45%/year for 5 - 15 year term, in addition to 6.25%/year for 48 month term, 6.15%/year for 36 month term, and 6.05%/year for 12 month term.
Besides, some other banks also offer similar interest rates:
KienLong Bank: 6.1%/year for 12 - 24 month term, 6.3%/year for 36 month term, and 6.4%/year for 60 month term.
GPBank: Interest rate 6.05%/year for 12-month term, 6.15%/year for 13-36 month terms.
Cake by VPBank: 6%/year for 12 - 18 month term, 6.3%/year for 24 - 36 months.
OceanBank: Interest rate 6.1%/year for 24-month term.
In addition, banks such as VRB, Dong A Bank, VietABank, SaigonBank, HDBank, BAOVIET Bank, ABBank, CB Bank also apply interest rates from 6%/year or more for many different terms, commonly from 12 months or more.
