Specifically, Agribank has just adjusted the interest rate of online deposits down to 0.5%/year. This is also a rare time that Agribank has reduced the mobilization interest rate so sharply. Accordingly, the interest rate at this bank for a term of 1-2 months decreased by 0.5%/year to 2.7%/year, the term of 3-5 months decreased by 0.3%/year to 3.3%/year. The term of 6-11 months decreased to 4.2%/year, the term of 12-18 months decreased by 0.3%/year to 5%/year.
BIDV Bank today also adjusted its deposit interest rate down with the highest reduction of 0.4%/year.
Thus, the 1-2 month term decreased by 0.4%/year to 2.7%/year; the 3-5 month term decreased by 0.3%/year to 3.1%/year; the 6-11 month term decreased by 4.1%/year. The interest rate for the 12-18 month term is 5%/year. Previously, BIDV bank adjusted the interest rate twice on December 11 and December 12.
Meanwhile, VietinBank has adjusted down to 0.6%/year for terms under 6 months. This bank's interest rate is only 2.6%/year for terms of 1-2 months and 3%/year for terms of 3-5 months.
For terms of 6-11 months, the reduction is 0.5%/year to only 4%/year, 12-18 months reduced by 0.3%/year to 5%/year. Terms of 24 months or more remain at 5.5%/year. This is also the highest deposit interest rate at this bank.
The "Big 4" group continues to lower deposit interest rates. (Illustration: Finance Magazine)
Previously, in the Big 4 group, Vietcombank was the only bank that maintained a much lower deposit interest rate. And after the adjustment of these 3 banks, Vietcombank's savings interest rate is currently the lowest in the Big 4 group and the market. The 1-2 month term at Vietcombank is 2.2%/year, 3-5 months is 2.5%/year, 6-11 months is 3.5%/year, 12-18 months is 4.8%/year.
Since the beginning of December, 14 banks have reduced deposit interest rates: HDBank, Techcombank, Eximbank, KienLongBank, SCB, PGBank, MB, MSB, NamA Bank, ABBank, Vietcombank, BIDV, Agribank and VietinBank.
Interest rates posted at bank counters on December 13:
| Bank | Term 03 months | Term 06 months | 12 month term | 24 month term |
| Agribank | 3.0 | 4.0 | 5.0 | 5.3 |
| Vietcombank | 2.7 | 3.77 | 4.8 | 4.8 |
| Vietinbank | 3.0 | 4.0 | 5.0 | 5.3 |
| BIDV | 3.0 | 4.0 | 5.0 | 5.3 |
| AB Bank | 3.65 | 4.0 | 4.2 | 4.1 |
| ACB | 3.4 | 4.5 | 4.6 | 4.6 |
| North Asia Bank | 3.8 | 5.0 | 5.3 | 5.65 |
| Bao Viet Bank | 4.45 | 5.2 | 5.5 | 6.0 |
| CB Bank | 4.2 | 5.6 | 5.9 | 6.0 |
| Dong A Bank | 3.9 | 4.9 | 5.4 | 5.6 |
| Eximbank | 3.7 | 4.6 | 5.3 | 5.5 |
| HD Bank | 3.15 | 5.3 | 5.5 | 6.2 |
| GP Bank | 3.97 | 4.9 | 5.1 | 5.2 |
| Hong Leong Bank | 2.0 | 3.5 | 3.5 | 3.5 |
| Kien Long Bank | 4.35 | 5.2 | 5.5 | 6.0 |
| LP Bank | 3.7 | 4.8 | 5.3 | 6.1 |
| MBBANK | 3.3 | 4.5 | 4.9 | 6.2 |
| MSB | 3.3 | 4.5 | 5.1 | 5.8 |
| Nam A Bank | 4.0 | 4.7 | 5.0 | 5.9 |
| NCB | 4.25 | 5.2 | 5.55 | 5.85 |
| OCB | 3.9 | 5.0 | 5.3 | 6.2 |
| Oceanbank | 4.5 | 5.4 | 5.7 | 5.7 |
| PG Bank | 3.6 | 4.6 | 5.5 | 5.9 |
| PVCombank | 3.65 | 5.3 | 5.4 | 5.7 |
| Sacombank | 3.6 | 4.5 | 4.8 | 4.95 |
| Saigonbank | 3.5 | 4.9 | 5.4 | 5.6 |
| SCB | 3.7 | 4.7 | 5.4 | 5.4 |
| SeABank | 4.0 | 4.4 | 4.9 | 5.15 |
| SHB | 3.7 | 5.1 | 5.4 | 6.1 |
| Techcombank | 3.5 | 4.5 | 4.7 | 4.7 |
| TPBank | 3.8 | 4.6 | 4.6 | 6.0 |
| VBBank | 3.9 | 5.3 | 5.7 | 6.1 |
| VIB | 3.8 | 4.9 | 5.2 | 5.5 |
| Viet A Bank | 4.1 | 5.1 | 5.4 | 5.8 |
| Vietcapitalbank | 4.3 | 5.5 | 5.7 | 5.85 |
| VPBank | 3.75 | 4.8 | 5.3 | 4.9 |
Cong Hieu
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