Bank interest rates on March 19, 2025: Only one bank still pays 6% interest per year
Bank interest rates today March 19, 2025: Only GPBank pays interest rates of 6% or higher for deposits under 1 billion VND with a term of 12 months.
After the Prime Minister directed the inspection and implementation of measures to reduce deposit interest rates, 23 banks adjusted savings interest rates down by 0.1 - 1% per year, depending on the term.
To date, GPBank is the only bank that maintains an interest rate of over 6% per year for deposits under VND1 billion with a term of 12 months. Other banks only apply this interest rate for longer terms or require large deposit balances.
Major banks adjust interest rates, record high of 9.65% appears
On March 19, 2025, many banks continued to adjust interest rates for long terms. In particular, some banks applied record high interest rates, but with strict conditions on deposit balances.
ABBank is currently leading the market with interest rates of up to 9.65%/year for customers depositing VND 1,500 billion or more, with a term of 13 months. This is the highest interest rate currently, but only for customers with very large deposits.
In addition, PVcomBank also applies an interest rate of 9%/year for a term of 12-13 months, but requires a minimum balance of VND2,000 billion. This shows that banks are competing fiercely to attract customers with the ability to deposit large amounts of money.
Other banks apply attractive interest rates for long terms
In addition to ABBank and PVcomBank, many other banks also apply high interest rates for long-term deposits. HDBank offers 8.1%/year for 13-month term and 7.7%/year for 12-month term, requiring a balance of VND500 billion.
Vikki Bank is not far behind with a rate of 7.5%/year for terms of 13 months or more, requiring customers to deposit a minimum of VND 999 billion.
Interest rates above 6% are still maintained for ordinary customers.
Although high interest rates often come with special conditions, some banks still maintain interest rates of 6% or more for long terms without requiring a minimum deposit.
BVBank applies an interest rate of 6%/year for 18-month terms and 6.05%/year for 24-month terms. Banks such as Cake by VPBank, VRB, and VietABank also offer 6 - 6.3%/year for 12 - 36-month terms, giving customers many options to suit their financial needs.
