Bank interest rates on July 16, 2026: 6-month term reaches 8.5%/year.
The market recorded the highest deposit interest rates at 8.5%/year for a 6-month term and 9%/year for a 12-month term. Meanwhile, VND interbank interest rates tended to decrease across most terms.
According to a market survey conducted on July 16, 2026, deposit interest rates at commercial banks continue to show a clear divergence. Notably, the interest rate for a 6-month term has reached 8.5% per annum, providing significant returns for depositors amidst new fluctuations in system liquidity.
Profit from a 100 million VND deposit
With a common interest rate of 4.75% per annum applied to terms under 6 months — the ceiling set by the State Bank of Vietnam — a customer depositing 100 million VND will receive different amounts of interest at the end of the term depending on the deposit period. Specifically, a 1-month term will yield 395,833 VND; a 3-month term will yield 1,187,500 VND; and a 5-month term will yield 1,979,167 VND.
In the 6- to 9-month term segment, the actual interest rate has increased sharply to 8.5% per year at some banks. With a capital of 100 million VND deposited for a 6-month term, customers will receive 4,250,000 VND in interest. If the term is extended to 9 months, the total interest received reaches 6,375,000 VND.
In particular, for a 12-month term, the highest interest rate currently reaches 9% per year. This means that someone depositing 100 million VND can earn 9,000,000 VND in interest after one year of saving.
Interbank market developments
In contrast to the upward trend in the retail market, interbank interest rates in VND recorded a downward trend. According to data from the State Bank of Vietnam, the average daily interbank transaction volume in VND during the week from July 6th to July 10th reached 885,715 billion VND, a decrease of 36,289 billion VND per day compared to the previous week.
Regarding average interest rates, the overnight rate fell sharply by 2.02 percentage points to 5.21% per annum. The 1-week rate decreased by 1.24 percentage points to 5.57% per annum, and the 1-month rate fell by 0.46 percentage points, settling at 7.32% per annum.
For USD-denominated transactions, average interest rates fluctuated slightly and in opposite directions. While the overnight rate decreased slightly to 3.62%/year, the 1-month rate increased by 0.03 percentage points to 3.84%/year. Transactions remained primarily concentrated in overnight and 1-week maturities.
Online deposit interest rate table as of July 16, 2026
Below is a comparison table of listed interest rates at some major commercial banks (%/year):
| Bank | 1 month | 6 months | 12 months | 18 months |
|---|---|---|---|---|
| Agribank | 4.75 | 6.6 | 6.8 | 6.8 |
| MB | 4.75 | 6.6 | 6.8 | 6.8 |
| VietinBank | 4.75 | 6.6 | 6.8 | 6.8 |
| Vietcombank | 4.75 | 6.6 | 6.8 | 6.8 |
| ACB | 4.75 | 7.1 | 7.3 | But |
| LPBank | 4.6 | 6.8 | 6.9 | 6.95 |
| MB | 4.5 | 5.8 | 6.35 | 6.35 |
| Techcombank | 4.35 | 6.55 | 6.75 | 5.85 |
| VPBank | 4.45 | 6 | 6 | 6 |
Overall, state-owned banks (Big 4) maintained stable interest rates for longer maturities, while private joint-stock commercial banks faced more intense competition for 6-12 month maturities to attract idle funds from the public.