Bank interest rates on January 13, 2026: Sharp increase, highest rate reaches 9.65%

Deposit interest rates at domestic commercial banks on January 13, 2026, continued their strong upward trend, setting new milestones in the financial market. It has been observed that the race for deposit market share among credit institutions is becoming more intense as banks continuously adjust their interest rate schedules upwards across most maturities.

Surveys across banking systems show that interest rates have increased not only for long-term maturities but also for short-term maturities, with significant upward adjustments. The goal of these adjustments is to meet liquidity needs and facilitate loan disbursement plans for production and business activities starting in the first quarter of 2026.

Special interest rates set a record of 9.65% per year.

The most notable highlight of today's trading session was the appearance of "exceptional" interest rates reaching up to 9.65% per year. This is a record high in recent years, marking a significant warming of the deposit market. However, this interest rate usually comes with strict conditions regarding the deposit amount or committed term.

Specifically, at banks like ABBank and PVcomBank, customers with large capital reserves of several hundred billion VND or more can negotiate interest rates close to 10% per year. For the general individual customer segment, interest rates for a 12-month term are currently commonly in the range of 6.5% to 7.5% per year, a significant increase compared to the same period last year.

Prioritize online deposit channels and priority customers.

Besides increasing listed interest rates, banks are also stepping up their personalization and digitalization strategies. At Techcombank, the interest rate schedule shows high flexibility with a progressive mechanism: the larger the amount of money customers deposit and the longer the term, the more favorable the interest rate they will receive.

Notably, online savings deposits via digital banking applications are receiving special priority. Compared to traditional over-the-counter deposits, online deposits at Techcombank typically offer higher interest rates, ranging from 0.1% to 0.4% per year depending on the term. Furthermore, customer groups in the Priority or Private membership segments also enjoy privileged interest rates exceeding the standard rates.

Causal analysis and forecasting

Economists believe that the current trend of rising interest rates is an inevitable consequence of tightening monetary policy to control inflation and pressure from international market fluctuations. Furthermore, the need to raise capital to prepare for disbursement plans in early 2026 is putting banks in a position of intense competition in terms of interest rates.

Although interest rates are attractive, financial experts advise depositors to carefully consider early withdrawal terms and the reputation of the financial institution instead of focusing solely on the interest rate. Diversifying deposit terms is considered a smart strategy to ensure liquidity while maximizing returns.

In the short term, deposit interest rates are expected to remain high until further policy signals are received from the State Bank of Vietnam.