Bank interest rates today, May 7, 2026: Deposit rates cool down, system liquidity remains under pressure.
Deposit interest rates at more than 30 banks uniformly decreased by 0.1-0.5% per year in April; however, liquidity pressure remains due to new safety regulations approaching Basel III.
The money market witnessed mixed developments in today's trading session, May 7, 2026. While deposit interest rates in the primary market (individuals and economic organizations) showed signs of cooling down, liquidity in the interbank market remained cautious amid changes in the State Bank of Vietnam's financial safety management framework.
Interbank transaction volume increased sharply.
According to a report from the State Bank of Vietnam, the volume of VND transactions on the interbank market in the last two days of April reached approximately VND 1,872,399 billion, averaging VND 936,200 billion per day, an increase of VND 97,395 billion compared to the previous week. Transactions were mainly concentrated in short-term maturities, with 1-week maturities accounting for 59% and overnight maturities accounting for 40% of the total volume.
Regarding the trend of average interbank interest rates for VND:
- Overnight term:Reduced by 1.19% per year, to 3.88% per year.
- 1-week term:It increased by 2.13% per year, reaching 6.21% per year.
For transactions denominated in USD, the average daily volume reached VND 184,845 billion. The average overnight USD interest rate decreased slightly to 3.62% per annum, while the 1-week rate increased slightly to 3.65% per annum.
Deposit interest rates have decreased, but capital pressure remains.
In the interbank market, from the beginning of April 2026 to the present, under the direction of the State Bank of Vietnam, more than 30 banks have adjusted deposit interest rates downwards, with common reductions ranging from 0.1-0.5% per year, mainly for terms of 6 months or more. However, according to an assessment from SHS Securities Company, this adjustment is still quite modest and not enough to create a significant change in the cost of capital.
In reality, pressure to raise funds remains present at certain times. Banks still have to use certificates of deposit with interest rates above 8% per annum for 12-month terms to bolster medium and long-term capital. This shows that ensuring liquidity stability remains a top priority for credit institutions.
Tighten safety standards in line with Basel III
Notably, the State Bank of Vietnam is seeking feedback on a draft new circular to replace Circular 22/2019/TT-NHNN, aiming to align with Basel III standards. The draft focuses on adjusting liquidity ratios in a stricter direction:
- Replace the LDR ratio with CDR:Remove the portion of capital from market 2 from the denominator to more accurately reflect the credit capacity from actual mobilized capital.
- Add liquidity standards:Emphasize the role of the liquidity coverage ratio (LCR) and the net stable funding ratio (NSFR).
Experts predict that the new regulations will create a clear differentiation among banking groups in terms of liquidity management capabilities and system standardization in the near future.
Online deposit interest rate table for reference as of May 7, 2026
Below are the listed interest rates at some commercial banks (%/year):
| BANK | 1 MONTH | 6 MONTHS | 12 MONTHS | 18 MONTHS |
|---|---|---|---|---|
| AGRIBANK | 4.75 | 6.6 | 6.8 | 6.8 |
| MB | 4.75 | 5.8 | 5.9 | 5.9 |
| VIETCOMBANK | 4.75 | 6.6 | 6.8 | 6.8 |
| VIETINBANK | 4.75 | 6.6 | 6.8 | 6.8 |
| ACB | 4.75 | 7.1 | 7.3 | But |
| MB | 4.5 | 5.8 | 6.45 | 6.45 |
| TECHCOMBANK | 4.35 | 6.55 | 6.75 | 5.85 |
| SCB | 1.6 | 2.9 | 3.7 | 3.9 |
