Bank interest rates today, January 20, 2026: Two banks sharply increase interest rates by up to 0.7%.
Sacombank and VIB have simultaneously adjusted deposit interest rates upwards across various maturities, with the highest increase reaching 0.7% per year. This makes them the 10th banks to raise interest rates since the beginning of the month.
Financial market statistics for January 20, 2026 show that two more banks, Sacombank and VIB, have joined the race to increase deposit interest rates. This move confirms that the upward trend in interest rates is prevailing in the market, in contrast to the previous small-scale downward adjustments.
Sacombank raises interest rates for the fifth consecutive time.
Sacombank (Saigon Thuong Tin Commercial Joint Stock Bank) has just announced a significant increase in deposit interest rates across many maturities from 6 to 15 months. This marks the fifth consecutive increase in deposit interest rates by the bank since October 2025.
According to the latest online interest rate chart, terms from 6-36 months (interest paid at maturity) are now uniformly listed at 6% per year. Specifically, online deposit interest rates have increased by 0.7% per year for 6-8 month terms; by 0.5% per year for 9-11 month terms; and by 0.2% per year for 12-15 month terms. Longer terms from 18-36 months and short terms from 1-5 months retain their interest rates at 6% per year and 4.75% per year, respectively.
At the counter, the increase also reached 0.6%/year for terms of 6-11 months, up to 5.4%/year. However, this interest rate is still significantly lower than online deposit rates.
VIB raises its highest interest rate to 6.5% per year.
At the same time, Vietnam International Commercial Bank (VIB) also adjusted its interest rates upwards by 0.4-0.5% per year for some terms. Online savings interest rates for 6-8 month terms increased by 0.4% per year to 5.7% per year; for 9-11 month terms, they increased by 0.5% per year to 5.8% per year; for 15-18 month terms, they increased to 5.9% per year; and for 24-36 month terms, they reached 6% per year.
Notably, VIB maintains its highest interest rate of 6.5% per year for a 12-month term. For deposits made at the counter, the interest rate for a 12-month term is also 6.5% per year, while other terms have lower rates of 0.2-0.3% compared to online deposits.
Map of deposit interest rates across the entire market.
With the addition of VIB and Sacombank, a total of 10 banks have increased deposit interest rates since the beginning of January 2026, including: VIB, Sacombank, VPBank, MSB, ABBank, Bac A Bank, LPBank, VCBNeo, BaoViet Bank, and MBV. Conversely, only two banks have reduced interest rates: ACB and PGBank.
Below is a comparison table of online deposit interest rates at some typical banks as of January 20, 2026 (%/year):
| Bank | 1 month | 6 months | 12 months | 18 months |
|---|---|---|---|---|
| VIB | 4.75 | 5.7 | 6.5 | 5.9 |
| Sacombank | 4.75 | 6.0 | 6.0 | 6.0 |
| ABBANK | 4.0 | 6.5 | 6.5 | 6.5 |
| MBV | 4.6 | 6.5 | 7.2 | 7.2 |
| PGBANK | 4.75 | 7.1 | 7.2 | 6.8 |
| Vietcombank | 2.1 | 3.5 | 5.2 | 5.2 |
| Agribank | 3.0 | 5.0 | 5.3 | 5.3 |
The data reveals a clear divergence between joint-stock commercial banks and state-owned banks. While large banks like Vietcombank and Agribank maintain interest rates of 5.2-5.3% per year for 12-month terms, private banks have pushed these rates above 6.5%, and even exceeding 7% per year.
