Revealing the ‘champion’ with the highest profit margin

LPBank is the only bank that pays an interest rate of 5.1%/year for 12-month term deposits. A series of banks paying interest rate of 5%/year for this term include: Eximbank, MB, PGBank, Saigonbank, SHB and TPBank.

There are up to 26 banks listing interest rates from 5%/year for 18-month term deposits. In particular, the highest deposit interest rate at this term is up to 6.1%/year, applied at NCB and HDBank.

The group of banks paying high interest rates for 18-month terms also includes OceanBank (5.9%/year), GPBank (5.85%/year) and BVBank, BaoViet Bank, VietBank (5.8%/year).

6.1%/year is also the highest interest rate for 24 and 36 month term deposits. NCB is listing an interest rate of 6.1% for both terms; HDBank applies for a 24-month term and OceanBank applies for a 36-month term.

OceanBank is also among the top banks in terms of 24-month term interest rates (6%/year), while the 6%/year interest rate is also applied to 36-month term deposits at OCB.

Some banks in the leading group in term deposit interest rates of 24-36 months (5.8-5.9%/year) include: BaoViet Bank, GPBank, BVBank, VietBank, OCB,…

DEPOSITS INTEREST RATE AT BANKS FOR TERM 9-36 MONTHS DATE June 14, 2024 (%/YEAR)BANK9 MONTHS12 MONTHS18 MONTHS24 MONTHS36 MONTHSNCB5,255,66,16,16,1HDBANK4,75,56,15,55,5OCEANBANK4,65,45,966,1GPBANK5,25,755,855,855,85BVBANK5,055,65,85,85,8BAOVIETBANK55,55,85,95,9VIETBANK4,65,25,85,85,8ABBANK4,45,65,75,75,7NAM A BANK5,15,45,75,75,7BAC A BANK55,55,65,65,6LPBANK4,55,15,65,65,6SAIGONBANK4,155,65,75,8CBBANK5,15,35,555,555,55KIENLONGBANK55,25,55,55,5VIET A BANK4,65,25,55,65,6MSB4,65,45,45,45,4TPBANK55,45,75,7OCB4,74,95,45,86SHB4,655,35,65,9PVCOMBANK4,34,85,35,35,3VPBANK4,75,25,25,65,6PGBANK4,255,25,75,7EXIMBANK4,355,15,25,2SACOMBANK4,14,95,15,25,4VIB4,55,15,35,3SEABANK3,84,45555MB4,354,95,85,8AGRIBANK34,74,74,74,7BIDV3,34,74,74,84,8VIETINBANK3,34,74,74,84,8VIETCOMBANK2,94,64,64,74,7DONG A BANK4,24,54,74,74,7TECHCOMBANK3,954,654,654,654,65ACB3,84,54,64,64,6SCB2,93,73,93,93,9

With a series of banks adjusting interest rates, from the beginning of June until now, there have been 19 commercial banks increasing deposit interest rates including: VietinBank, TPBank, VIB, GPBank, BaoViet Bank, LPBank, Nam A Bank , OceanBank, ABBank, Bac A Bank, MSB, MB, Eximbank, OCB, BVBank, NCB, VietBank, VietA Bank, VPBank.

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Among them, GPBank, VIB, MB, BaoViet Bank and Eximbank have increased deposit interest rates twice since the beginning of June.

In the opposite direction, although Eximbank twice increased deposit interest rates for terms of 1-12 months and 1-3 months respectively, this bank decreased by 0.1%/year for terms from 15-36 months.

TPBank, after raising interest rates at the beginning of the month, has also adjusted them down to bring interest rates back to the old level.

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