Bank interest rates today February 20: Vikki Bank interest rates adjusted strongly
Bank interest rates on February 20, 2025, recorded many adjustments in deposit interest rates. Vikki Bank interest rates increased for many terms.
Vikki Bank interest rates increase for many terms
Vikki Digital Bank Limited (Vikki Bank - new name of DongA Bank) has just adjusted deposit interest rates with many terms with notable changes.
Specifically, the interest rate for 1-2 month terms increased sharply by 0.3%/year, while the interest rate for 3-5 month terms increased by 0.1%/year. After adjustment, the interest rate for 1-5 month term deposits was raised to 4.4%/year.
For longer terms, interest rates are also adjusted. The 6-8 month term increased by 0.05%/year, reaching 5.6%/year. For the 12 month term, interest rates increased by 0.1%/year, bringing them to 5.9%/year.
On the contrary, long-term interest rates from 13-36 months at Vikki Bank decreased from 0.1-0.2%/year, down to 5.9%/year.
The highest interest rate at Vikki Bank is currently 7.5%/year, applied to customers making 13-month savings deposits with an amount of 200 billion VND or more.
VietBank interest rates adjusted up for the second time in 2025
Besides Vikki Bank, VietBank has also just adjusted its deposit interest rates, marking the second increase in 2025.
Accordingly, short-term terms at VietBank have changed significantly. Specifically, the interest rate for 1-month term increased from 4.2% to 4.3%/year (up 0.1%), while the interest rate for 2-month term increased from 4.2% to 4.5%/year (up 0.3%). The 3-4-month terms were also adjusted from 4.4% to 4.6%/year (up 0.2%). For 5-month terms, the interest rate increased from 4.5% to 4.6%/year (up 0.1%).
In particular, long-term terms from 7-9 months have increased sharply from 5.0% to 5.4%/year, an increase of 0.4%. This adjustment helps VietBank continue to attract customers to deposit savings with attractive interest rates.
Currently, VietBank has the highest savings interest rate under 6 months in the market, second only to Eximbank. These competitive interest rates are attracting great attention from investors and savers.
Bank interest rates increase and decrease in opposite directions
Recently, the banking market has recorded many interest rate adjustments in two opposite trends.
Some banks such as Techcombank, Viet A Bank, Vikki Bank and VietBank have increased deposit interest rates, especially focusing on short and medium-term terms (less than 12 months). This strategy is to attract customers to deposit money for short terms, helping banks maintain their competitiveness in the market.
In contrast, banks such as TPBank, Bac A Bank and Eximbank tend to reduce interest rates, mainly for long-term terms of 12 months or more. This reflects the strategy of maintaining stable long-term interest rates while creating flexibility to attract short-term deposits.
12-month interest rates at banks
Currently, 12-month interest rates at some banks are maintained at a fairly high level, giving savers more options to optimize profits.
Leading the 12-month interest rate ranking is MSB with 6.3%/year. Following is KienlongBank with 6.1%/year, along with HDBank, MBV and DongA Bank also applying the same rate.
Some other banks such as BVBank, GPBank and Viet A Bank are maintaining interest rates at 6.05%/year. Meanwhile, VCBNeo offers an interest rate of 6%/year, while Indovina Bank lists an interest rate of 5.95%/year.
With interest rates from 6% or more, this is a good opportunity for customers to choose the right bank to optimize profits from savings deposits.
