Bank interest rates on March 24: 4th adjustment down

Eximbank reduces interest rates for the fourth time this month

On March 24, 2025, the banking market continued to record fluctuations in savings interest rates. Some banks such as Eximbank, Kienlongbank and ABBank made notable adjustments, especially in the context that many banks are reviewing their capital mobilization strategies.

Eximbank continued to reduce interest rates for the fourth time in March. This adjustment applies to both weekdays and weekends, affecting terms from 1 to 36 months. Interest rates during the week are reduced by 0.1 percentage points for terms from 6 to 12 months, while interest rates at weekends are also reduced correspondingly for terms from 1 to 12 months.

After adjustment, the interest rate for 1-month term is at 4%/year, while the 12-month term is at 5.3%/year. Longer terms such as 24 to 36 months are applied the highest rate of 5.7%/year. At the end of the week, the interest rate for 1-2 month term is 4.5%/year, while the 24-36 month term remains at 5.7%/year.

Eximbank’s consecutive monthly interest rate adjustments show that the bank is flexibly adapting to market conditions and base interest rates. Depositors should closely monitor the interest rate schedule to choose the right time.

Some banks still maintain particularly attractive interest rates.

Meanwhile, some banks still maintain high interest rate policies for large deposits. ABBank is currently leading the market with a special interest rate of up to 9.65%/year for a 13-month term, applied to deposits of VND1,500 billion or more. PVcomBank also applies an interest rate of 9%/year for a 12-13 month term if customers maintain a minimum balance of VND2,000 billion.

HDBank has an interest rate of 8.1%/year for a 13-month term and 7.7%/year for a 12-month term, with the deposit amount being VND500 billion or more. Banks such as Vikki Bank, Bac A Bank and IVB also offer high interest rates for minimum deposits of VND1 billion, competing strongly in the market.

In addition, banks such as BVBank, Cake by VPBank and Vikki Bank are applying interest rates from 6% to 6.3%/year for long terms from 12 to 36 months without requiring a minimum deposit. VietABank and BAOVIET Bank also apply interest rates of 6%/year for terms of 18 and 24 months, creating conditions for many customers to access high interest rates without requiring a large amount of money.

In general, the interest rate market is currently highly differentiated among banks. While some units continuously adjust downwards according to the general trend, many other banks take advantage of high interest rates with conditions to attract large capital sources from financial strong individual or institutional customers.