Interest rates on 12-month deposits at banks in July 2025 are clearly differentiated.
The 12-month term deposit interest rate market in July 2025 is recording a clear differentiation, with interest rates fluctuating sharply from record lows to high levels beyond expectations. Some banks apply interest rates up to 9.65%/year, depending on the specific form and conditions of deposit.
This development clearly reflects the fierce competition among banks in an effort to attract capital in a context where the economy is still volatile and liquidity pressure has not cooled down.
Which bank is leading the 12-month interest rate race?
In the context of the financial market moving in a cautious direction, the 12-month term interest rate level has become the focus of competition between banks to attract stable capital flows from the population.
According to market records in early July 2025, the interest rate race for this term is taking place vigorously with the prominence of many banks, especially small and medium-sized joint stock commercial banks.
HDBank continues to affirm its position in the group of banks offering attractive interest rates. This bank lists interest rates of up to 5.5%/year for a 12-month term when depositing at the counter, and can reach 6%/year for an 18-month term or large deposits. This is considered quite competitive in the group of large-scale private banks.
PublicBank, one of the foreign-invested banks operating in Vietnam, is applying a rate of 5.5%/year for a 12-month term, with flexible conditions on deposit amounts.
Meanwhile, BVBank (Viet Capital Bank), with a strategy to expand its individual customer base, also offers a higher interest rate, 5.55%/year, for the same term.
It is impossible not to mention Saigonbank, a bank that has continuously adjusted its deposit interest rates in recent months and currently records an interest rate of 5.6%/year for a 12-month term, among the highest in the market, especially when compared to banks in the same segment.
The above banks are all having strategies to boost medium and long-term capital mobilization to serve credit demand during the peak period at the end of the year. With a smaller network size than the Big4 group, offering high interest rates has become an important tool to attract new customers and increase market share of mobilization.
Notably, most of these high interest rates apply to over-the-counter deposits and can increase if customers deposit online, choose a longer term or deposit more than the minimum required. Some banks also incorporate promotions such as gifts and additional interest for loyal customers or first-time depositors.
Big4 maintains stable interest rates, private banks flexibly increase and decrease
While many small-scale banks are stepping up the interest rate race to attract capital, the "big guys" in the group of state-owned commercial banks, commonly known as Big4, including Vietcombank, BIDV, Agribank and VietinBank, continue to maintain a stable interest rate policy at a relatively low level.
Specifically, both Agribank and BIDV are currently listing 4.7%/year for a 12-month term. VietinBank and Vietcombank are also following the trend, with common interest rates ranging from 4.6-4.7%/year.
Although significantly lower than many joint stock commercial banks, stability, reputation and high safety level are still the core competitive advantages of the Big4 group, especially for customers who prioritize capital safety, especially in the period when the financial market is still volatile.
On the contrary, joint stock commercial banks such as MBBank, ACB, Techcombank, VPBank, Sacombank, SHB, MSB, Eximbank, VIB are adjusting interest rates more flexibly to optimize medium and long-term mobilization sources.
For example, Techcombank and Bac A Bank have adjusted interest rates in the first week of July 2025, following a slight upward trend in some terms. MSB is currently applying an interest rate of up to 5.9%/year for a 12-month term in some preferential programs for loyal customers or large deposits.
Meanwhile, VIB has implemented a higher interest rate policy if customers choose to deposit money online, with interest rates exceeding the average by 0.2-0.4 percentage points.
This development clearly shows two opposing trends in capital mobilization strategies: large banks prioritize stability and long-term customer retention, while private banks are more flexible to increase growth rate and attract new customers during the peak season at the end of the year.
The 12-month term bank interest rate not only reflects the individual policies of each credit institution, but is also influenced by a series of market factors. First of all, capital demand: when lending pressure increases, banks will need to mobilize more funds to meet the demand, leading to an increase in deposit interest rates to attract idle cash flow from the population.
Besides, the State Bank's operating policies including operating interest rates, required reserve ratios or exchange rate policies also strongly affect the general interest rate level.
From a brand perspective, large, reputable banks often maintain stable, lower interest rates than small banks, which have to use interest rates as a competitive advantage to attract new customers.
In addition, the form of deposit is also a significant factor: many banks now apply higher interest rates for online deposit channels to encourage digital transactions.
Finally, for large deposits or long terms, customers often enjoy special preferential interest rates that are even much higher than the listed rates, as part of the strategy to retain loyal customers and ensure a stable source of capital for the bank.
In the context of the current strong differentiation in 12-month bank interest rates, choosing the right place to deposit money becomes more important than ever.
First, depositors need to clearly define their financial goals and the intended time of deposit. For those who want to balance liquidity and profit, a 12-month term is a popular choice, long enough to have a good interest rate, but not too restrictive on cash flow.
Next, don’t rush to make a decision based on the interest rates of a few banks. Be proactive in comparing between many different banks, both large and small, and pay special attention to the accompanying conditions such as the minimum deposit amount, the form of deposit (online or at the counter), the promotion period, etc.
Many banks now have attractive incentive programs for new customers or large deposits, which can help you increase your profits significantly if you choose the right time.
However, do not just look at the interest rate. The safety of the deposit should also be a priority. Choose reputable banks, licensed by the State Bank and transparently disclose relevant information. For large amounts of money or detailed advice, it is absolutely necessary to seek support from a financial specialist.
July 2025 marks a period of intense competition between banks in the interest rate race.
To optimize cash flow and ensure savings efficiency, depositors need to proactively research thoroughly, consider related factors and choose the financial destination that best suits their personal needs.
Source: https://baolamdong.vn/cuoc-dua-lai-suat-ky-han-12-thang-thang-7-2025-ngan-hang-nao-dang-dan-dau-381506.html
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