Bank interest rates on March 7: Continuously decreasing, online deposits are higher than at the counter
Bank interest rates on March 7, 2025: In the market, fewer and fewer banks maintain deposit interest rates above 6%. Customers can consider saving online to enjoy higher interest rates than at the counter, about 0.7-1%/year.
Bank interest rates on March 7, 2025 continue to decrease
The highest deposit interest rate has decreased from 6.8%/year to 5.7%/year. Currently, the number of banks maintaining deposit interest rates above 6% is decreasing.
Eximbank has just adjusted its deposit interest rates down for the fourth consecutive time since February 18. After the 0.1%/year reduction on March 3 for 6-9 month terms, the bank continued to lower interest rates for many other terms.
According to the newly updated online interest rate table, the 12-month term interest rate decreased by 0.1%/year to 5.5%/year. The 15-month term decreased by 0.3%/year to 5.8%/year. In particular, the 18-month term decreased sharply by 0.4%/year to only 5.6%/year, officially leaving the 6%/year mark.
The previous highest interest rate of 6.1%/year for 24-36 month terms is no longer maintained but has decreased to 5.7%/year. Eximbank has adjusted online savings interest rates on weekends to be equal to the normal interest rates for terms from 15-36 months.
Despite a sharp reduction in long-term interest rates, Eximbank still leads the market in terms of interest rates for deposits under 6 months. Specifically, the online interest rate for 1-2 month terms is currently 4.7%/year, while the 3-5 month term is 4.75%/year.
Not only Eximbank, this morning VIB Bank also continued to reduce deposit interest rates. Interest rates for terms from 6-11 months at VIB decreased by 0.1%/year, down to 4.7%/year. This is the second reduction by VIB since February 28.
Currently, VIB's online deposit interest rate for a 1-month term is 3.7%/year, for a 2-5 month term is 3.8%/year, for a 15-18 month term is 5.2%/year, and for a 24-36 month term, the highest listed rate is 5.3%/year.
As of March 7, many other banks have also adjusted their interest rates down, such as Hong Leong Vietnam, Indovina Bank (IVB), SHB, SeABank, VCBNeo... Some banks have left the 6%/year interest rate mark.
Statistics show that 13 banks reduced their deposit interest rates in March 2025, including PGBank, Viet A Bank, Kienlongbank, Bac A Bank, Eximbank, IVB, LPBank, Nam A Bank, NCB, SHB, VCBNeo, Hong Leong Vietnam and VIB. Of which, Eximbank is the bank that has adjusted its interest rates down twice in the beginning of the month.
In addition to saving at the counter, customers can choose to save online to enjoy higher interest rates.
| Bank | 1 month | 3 months | 6 months | 9 months | 12 months |
| ABBank | 3.20% | 3.80% | 5.60% | 5.70% | 5.90% |
| ACB | 3.10% | 3.50% | 4.20% | 4.30% | 4.90% |
| Timo by BVBank | 3.95% | 4.15% | 5.35% | – | 5.80% |
| Bao Viet | 3.30% | 4.35% | 5.20% | 5.40% | 5.80% |
| BIDV | 2.00% | 2.30% | 3.30% | 3.30% | 4.70% |
| BVBank | 3.95% | 4.15% | 5.45% | 5.75% | 6.05% |
| CBBank | 4.15% | 4.35% | 5.85% | 5.80% | 6.00% |
| Eximbank | 3.50% | 3.40% | 5.20% | 5.40% | 5.70% |
| GPBank | 3.50% | 4.02% | 5.35% | 5.70% | 6.05% |
| HDBank | 3.85% | 3.95% | 5.30% | 4.70% | 5.60% |
| Hong Leong | 3.25% | 3.55% | 4.45% | 4.45% | 4.75% |
| Kien Long | 4.30% | 4.30% | 5.80% | 5.80% | 5.90% |
| LPBank | 3.60% | 3.90% | 5.10% | 5.10% | 5.50% |
| MB | 3.70% | 4.00% | 4.50% | 4.50% | 5.05% |
| MSB | 4.10% | 4.10% | 5.00% | 5.00% | 5.80% |
| Nam A Bank | 4.30% | 4.50% | 5.00% | 5.20% | 5.60% |
| NCB | 4.00% | 4.20% | 5.35% | 5.45% | 5.60% |
| OCB | 4.00% | 4.20% | 5.20% | 5.20% | 5.30% |
| OceanBank | 4.10% | 4.40% | 5.40% | 5.50% | 5.80% |
| PVcomBank | 3.30% | 3.60% | 4.50% | 4.70% | 5.10% |
| Sacombank | 3.30% | 3.60% | 4.90% | 4.90% | 5.40% |
| Saigonbank | 3.30% | 3.60% | 4.80% | 4.90% | 5.80% |
| SHB | 3.50% | 3.80% | 5.00% | 5.10% | 5.50% |
| Techcombank | 3.75% | 3.95% | 4.55% | 4.55% | 4.95% |
| TPBank | 3.70% | 4.00% | 4.60% | 4.90% | 5.50% |
| VIB | 3.80% | 3.90% | 4.90% | 4.90% | – |
| VietBank | 4.20% | 4.40% | 5.40% | 5.00% | 5.80% |
| BVBank | 3.80% | 4.00% | 5.00% | 5.00% | 5.50% |
