PGBank interest rates today, January 19th: Sharply reduced by 0.5% for long-term deposits to 6.8%

Prosperity and Development Commercial Bank (PGBank) has just announced a new deposit interest rate schedule effective from January 19, 2026. Notably, the bank, which once held the top position in interest rates in the market, has made significant reductions for long-term maturities, ending a series of consecutive increases since the end of 2025.

PGBank drastically reduces long-term interest rates by 0.5%.

According to the VND deposit interest rate schedule for individual customers receiving interest at the end of the term, PGBank has uniformly reduced interest rates for terms from 18 to 36 months from 7.3%/year to 6.8%/year. This is the sharpest reduction by the bank in recent times.

Besides the option of receiving interest at the end of the term, interest rates for monthly interest payments at these maturities also show a downward trend:

• 18-month term:Reduced by 0.4%, to 6.49% per year.
• 24-month term:Decreased by 0.44%, to 6.39% per year.
• 36-month term:Decreased by 0.42%, to 6.2% per year.

Maintain high interest rates for short and medium-term maturities.

Despite lowering interest rates for longer terms, PGBank has maintained the same rates for other terms. Specifically, the interest rate for 12-13 month terms is currently at 7.2%/year, making it the highest deposit interest rate at this bank at the moment. Terms from 6-9 months are also maintained at a high level of 7.1%/year.

For short-term deposits, PGBank continues to list the maximum interest rate as regulated by the State Bank of Vietnam. The rate for 1-5 month terms remains at 4.75%/year, while the rate for ultra-short terms from 1-3 weeks is 0.2%/year.

Conflicting movements in the interest rate market in January 2026.

As of January 19th, PGBank was the second bank to reduce deposit interest rates this month, after ACB. Conversely, the market witnessed a wave of interest rate increases from a number of other banks such as VPBank, MSB, ABBank, Bac A Bank, LPBank, VCBNeo, BaoViet Bank, and MBV. Overall, despite the downward adjustment, PGBank remains among the market leaders in deposit interest rates, especially in the 6-12 month segment.

Online deposit interest rate table at some banks as of January 19, 2026 (%/year)

To better understand market trends, depositors should note that interest rates can vary depending on the deposit method (in-person or online) and the actual deposit amount at any given time at different banks.