Bank interest rates on March 14, 2025: Banks continue to reduce interest rates

Bank interest rates for customers with large savings balances

Commercial banks continued to reduce deposit interest rates by 0.1% to 0.5% for many terms. MSB has abandoned its special interest rate policy of 8%/year for customers depositing large amounts of money, while Vikki Bank also lowered the conditions to enjoy an interest rate of 7.5%/year.

Interest rates for 12- to 36-month deposits are on a downward trend, reflecting the money market situation. However, some banks still maintain attractive interest rates for customers depositing large amounts of money.

PVcomBank is currently leading with a special interest rate of 9%/year for a 12-13 month term, but requires a minimum balance of up to VND2,000 billion.

HDBank applies a rate of 8.1%/year for a 13-month term and 7.7%/year for a 12-month term, on the condition that customers maintain a minimum balance of VND500 billion.

Vikki Bank also adjusted the special interest rate to 7.5%/year for terms of 13 months or more, with a minimum deposit requirement of VND999 billion.

At LPBank, the highest interest rate at the counter is 5.5%/year. For deposits of 300 billion VND or more, customers can enjoy a higher interest rate, up to 6.5%/year when receiving interest at the end of the term.

ACB listed an interest rate of 6%/year for a 13-month term, applicable to customers with a deposit balance of 200 billion VND or more.

Interest rate reduction trend at many banks

Some banks are sharply reducing deposit interest rates. MSB previously applied an interest rate of 8%/year for a 13-month term and 7%/year for a 12-month term for deposits of VND500 billion or more, but has now stopped this program.

Vikki Bank also reduced interest rates from 1 to 15 months, with a reduction of 0.1% to 0.5%/year.

MBV and PGBank also lowered deposit interest rates for terms of 1 to 3 months and 18 to 36 months. MBV reduced long-term interest rates from 6.1% to 5.9%, showing that the downward interest rate adjustment trend is spreading.

Interest rates for terms of 12 months or more are still attractive

Some banks still list interest rates of up to 6%/year for terms of 12 months or more, including BVBank, VRB and Dong A Bank. VietABank maintains interest rates of 6% for terms of 18 and 24 months.

Banks such as Cake by VPBank and HDBank also apply an interest rate of 6% for terms from 12 to 18 months. Meanwhile, BAOVIET Bank and ABBank list an interest rate of 6% for terms of 12 months or more, providing many options for customers to make long-term savings deposits.

Since the beginning of March, about 20 banks have adjusted deposit interest rates, including major banks such as PGBank, Viet A Bank, Vietcombank, Techcombank and BIDV.

Interest rate cuts of 0.1% to 0.5% per year for terms from 1 month to 36 months reflect the general market trend, as many banks are optimizing mobilized capital to adapt to economic fluctuations.