Bank interest rates today April 9, 2025: Some banks have reduced sharply

Bank interest rates on April 9 recorded many notable changes, in which Standard Chartered became the first foreign bank to sharply reduce interest rates this month.

While many domestic banks still maintain high interest rates, up to 9.65%/year, Standard Chartered has significantly reduced them for most terms from 1 to 36 months.

Specifically, the bank's 1-month interest rate dropped sharply by 0.47 percentage points to only 2.6% per year. The 2- and 3-month terms also dropped to 2.8% and 3.15% per year, respectively.

Notably, the 6-month term was cut by 0.52%, to 3.6%/year. The terms from 9 to 36 months also recorded a slight decrease, ranging from 4.2% to 4.55%/year.

Up to now, three banks have adjusted interest rates down in April, including VPBank, MBBank and Standard Chartered.

Banks keep interest rates high

Many other banks still maintain quite high interest rates for customers depositing large amounts of money.

ABBank is currently applying an interest rate of up to 9.65%/year for deposits of VND1,500 billion or more with a term of 13 months. PVcomBank also offers an interest rate of 9%/year for a term of 12-13 months when depositing at the counter, with the condition of maintaining a minimum balance of VND2,000 billion.

Some other banks such as HDBank, Vikki Bank and Bac A Bank continue to apply high interest rates for customers depositing large amounts of money. HDBank offers 8.1%/year for a 13-month term and 7.7%/year for a 12-month term if maintaining a balance of VND500 billion or more. Vikki Bank requires customers to deposit at least VND999 billion to enjoy an interest rate of 7.5%/year.

Banks with interest rates above 6%

In addition to special interest rate programs, many banks still maintain interest rates of 6% or more for long terms. Cake by VPBank applies interest rates of 6%/year for terms of 12-18 months and 6.3%/year for terms of 24-36 months.

VietABank applies 6% for 18 and 24 month terms, and 6.1% for 36 month terms.

HDBank also offers a rate of 6% for an 18-month term, while GPBank is applying a rate of 6.05% for a 12-month term and 6.15% for terms from 13 to 36 months.

Although interest rates tend to decrease in the context of macroeconomics and monetary management policies, the market still records many attractive interest rates, especially for large savings or special incentive programs.