Bank interest rates today 3/5/2025: Continue to reduce interest rates
Bank interest rates today, March 5: A series of banks have adjusted their interest rates to sharply reduce interest rates. Since the beginning of March, 7 banks have reduced their deposit interest rates, including: PGBank, Viet A Bank, Kienlongbank, Bac A Bank, Eximbank, IVB, LPBank.
A series of banks adjust interest rates
Some banks have recently adjusted their deposit interest rates down. LPBank reduced 0.1%/year for terms from 18-36 months, currently the highest interest rate at this bank is 5.7%/year.
IVB also lowered interest rates by 0.05-0.25%/year for terms of 3-24 months. Currently, the interest rate for a 1-month term is 4%/year, for a 3-month term is 4.3%/year, for a 6-9 month term is 5.25%/year, and for terms of 24 months or more is 5.95%/year.
PGBank also adjusted down 0.2%/year for 24-36 month term, down to 5.7%/year.
Banks maintain high interest rates to attract customers
Although many banks have reduced interest rates, some banks still maintain attractive rates of 7-9%/year to attract depositors.
PVcomBank currently has the highest interest rate of up to 9%/year for a term of 12-13 months, but only applies to customers with a minimum balance of VND 2,000 billion.
HDBank applies 8.1%/year for 13-month term and 7.7%/year for 12-month term, with the condition that the balance is 500 billion VND or more. For 18-month term, this bank offers an interest rate of 6%/year.
MSB also offers an interest rate of 8%/year for a 13-month term and 7%/year for a 12-month term, applicable to a minimum deposit of VND500 billion.
Vikki Bank (formerly DongA Bank) maintains an interest rate of 7.5%/year for terms of 13 months or more, requiring a minimum deposit of VND 200 billion.
Highest interest rate from 7-9% with conditions attached
Currently, the highest interest rate on the market is from 7-9% and only applies to large deposits.
PVcomBank leads with 9%/year for 12-13 month term, but requires a minimum balance of VND2,000 billion.
HDBank applies 8.1%/year for 13-month term and 7.7%/year for 12-month term, but customers need to have at least 500 billion VND in deposits.
MSB maintains 7%/year for 12-13 month term with deposit condition from 500 billion VND.
Vikki Bank (DongA Bank) applies an interest rate of 7.5%/year for terms of 13 months or more, with a minimum deposit of 200 billion VND.
Bac A Bank has the highest interest rate of 6% for a term of 18-36 months for deposits over 1 billion VND. Meanwhile, IVB offers 6.15%/year for a term of 36 months with the condition of deposits from 1,500 billion VND.
Banks apply interest rates above 6%
Some banks still list interest rates above 6%/year without requiring too high a minimum deposit.
Eximbank applies interest rate of 6%/year for 18-month term, 6.1% for 24-36 month term.
BVBank offers 6%/year for 18-month term and 6.05% for 24-month term.
Cake by VPBank applies 6%/year for 12-18 month term and 6.3%/year for 24-36 month term.
VRB, DongA Bank and VietABank all apply 6%/year for terms of 18-24 months. Meanwhile, HDBank, BAOVIET Bank, ABBank and CB all apply 6%/year for terms of 12 months or more.
