Bank interest rates on January 22nd: Actual rates surged above 8% at many branches.
On the morning of January 22nd, despite little change in the listed interest rates, many banks were quietly pushing actual interest rates above 8% per year through additional policies and private agreements.
Actual deposit interest rates at many commercial bank branches are recording unusually high levels, far exceeding the officially listed figures. According to a survey on January 22nd, some institutions are willing to commit to interest rates above 8% per year for a 12-month term, while shorter terms are also being offered at above 7% per year to attract deposits during the period leading up to Tet (Lunar New Year).
The actual interest rate differs significantly from the listed rate.
According to Techcombank, although the highest listed deposit interest rate is 5.95%/year for terms of 12-36 months, the bank is applying an additional 1%/year for all terms. Therefore, the actual interest rate customers receive can reach up to 6.95%/year for long-term deposits and 6.85%/year for terms of 6-11 months. Notably, the bank's Phat Loc Online product can reach 7.1%/year if the deposit balance is 10 billion VND or more.
Among joint-stock commercial banks, institutions such as OCB, PGBank, and MBV are leading the market with listed interest rates above 7% per annum for terms of 6 months or more. However, based on actual inquiries at branches, negotiated interest rates for a 1-year term can reach 8% per annum for large deposits.
Pressure on lending interest rates at the end of the year.
The heated competition for capital mobilization has directly pressured the input costs of credit institutions. The average lending interest rate of domestic commercial banks for new and existing loans currently ranges from 6.7-9.0% per year. For priority sectors, the average short-term lending interest rate in VND is 3.9% per year, lower than the ceiling set by the State Bank of Vietnam (4.0% per year).
Interbank market developments
In contrast to the upward trend in the retail market, average interbank interest rates in the week of January 12-16 tended to decrease across most maturities. Specifically:
- The overnight rate fell by 0.61% per annum to 4.01% per annum.
- The 1-week term interest rate decreased by 1.09%/year to 4.59%/year.
- The 6-month term interest rate has dropped sharply by 1.35% per year, currently standing at 8.12% per year.
Interbank market transactions in VND reached approximately VND 3,920,630 billion, an increase of over VND 11,400 billion per day compared to the previous week. This indicates that system liquidity remains stable despite the high demand for capital at the end of the year.
Deposit interest rate table as of January 22, 2026
Below is a table of reference online deposit interest rates at some banks (unit: %/year):
| BANK | 1 MONTH | 6 MONTHS | 12 MONTHS | 18 MONTHS |
|---|---|---|---|---|
| AGRIBANK | 3.0 | 5.0 | 5.3 | 5.3 |
| VIETCOMBANK | 2.1 | 3.5 | 5.2 | 5.2 |
| ABBANK | 4.0 | 6.5 | 6.5 | 6.5 |
| BAC A BANK | 4.55 | 6.8 | 6.85 | 6.9 |
| MBV | 4.6 | 6.5 | 7.2 | 7.2 |
| OCB | 4.75 | 6.3 | 6.6 | 6.8 |
| PGBANK | 4.75 | 7.1 | 7.2 | 6.8 |
| TECHCOMBANK* | 4.35 | 6.85 | 6.95 | 5.95 |
*Note: The interest rates above are for reference only at the time of listing. Actual interest rates may vary depending on additional policies or specific agreements of each bank branch.