April 14, 2025: Bank Rates Remain High
Vietnam Banks Maintain High Deposit Rates, Offer Up to 9.65%
Table of Contents
- Vietnam Banks Maintain High Deposit Rates, Offer Up to 9.65%
- Vietnam Bank Deposit Rates: Your Questions Answered
- What’s the Current Situation with Deposit Rates in Vietnam?
- Which Vietnamese Banks Offer the Highest Deposit Rates?
- Are There Other Banks Offering Competitive Rates?
- What are “Window Deposits” as mentioned with PVCOMBANK?
- How Do These Rates Compare to Previous periods?
- How Long do These high Deposit Rates Typically Last?
- what are the Expectations for Deposit Rates in the near future?
- How are Loan Rates expected to Perform in Vietnam?
- What Measures Are Being Taken by the National Bank?
- Can You Summarize the Key Deposit Rates?
HANOI (AP) — Several Vietnamese banks are maintaining elevated savings rates, notably for longer-term deposits, as of April 14. Special interest rates range from 7.5% to as high as 9.65% depending on the bank, deposit amount, and term length.
Top Rates for Large Deposits
ABBANK currently offers the highest advertised rate, reportedly reaching 9.65% for customers depositing over 1.5 trillion VND (Vietnamese Dong) for a 13-month term.
PVCOMBANK is offering a 9% interest rate for window deposits, applicable to balances of 20 billion VND or more, with deposit periods spanning 12 to 13 months.
HDBANK provides an 8.1% interest rate for 13-month deposits and 7.7% for 12-month deposits, requiring customers to maintain a minimum balance of 500 billion VND.
Rates Above 6% available
For standard savings accounts, many banks are offering interest rates exceeding 6% for terms longer than 12 months. VPBANK, for instance, offers a 6% annual interest rate for terms of 12 to 18 months and 6.3% per year for terms of 24 to 36 months.
Vietabank offers a 6% annual interest rate for 18 and 24-month deposits. GPBANK maintains a 6.05% annual interest rate for 12-month deposits and 6.15% for longer terms.
National Bank Survey Projects Stability
According to a recent National Bank survey, deposit rates are expected to stabilize in the second quarter of 2025, with a potential slight increase of approximately 0.02 percentage points over six months. Rates for terms shorter than six months are projected to increase slightly by about 0.17 percentage points this year.
Loan Rates Expected to Decline Slightly
The survey also indicates that loan rates are expected to continue a slight downward trend in the second quarter and throughout 2025, possibly falling by 0.03 to 0.08 percentage points.
Stabilization Measures in Place
While some commercial banks have increased their deposit rates, the National Bank has stated it is implementing stabilization measures.By the end of the first quarter of 2025, deposit rates had risen by 0.08 percentage points compared to the end of 2024, while loan rates had decreased by 0.4 percentage points. This is viewed as a positive sign for efforts to stimulate the economy.
Vietnam Bank Deposit Rates: Your Questions Answered
What’s the Current Situation with Deposit Rates in Vietnam?
As of April 14, several Vietnamese banks are offering relatively high savings rates, particularly for longer-term deposits.These special interest rates vary depending on the bank, the deposit amount, and the term length, ranging from 7.5% to as high as 9.65%.
Which Vietnamese Banks Offer the Highest Deposit Rates?
Several banks are currently offering attractive rates. According to the provided facts:
- ABBANK: Currently offers the highest advertised rate, reportedly reaching 9.65% for a 13-month term, specifically for deposits over 1.5 trillion VND.
- PVCOMBANK: Provides a 9% interest rate for window deposits with balances of 20 billion VND or more for 12-13 month terms.
- HDBANK: Offers 8.1% interest for 13-month deposits and 7.7% for 12-month deposits,but requires a minimum balance of 500 billion VND.
Are There Other Banks Offering Competitive Rates?
Yes, there are. Many banks are providing interest rates of over 6% for standard savings accounts with terms longer than 12 months. Some examples include:
- VPBANK: Offers a 6% annual interest rate for 12-18 month terms and 6.3% per year for 24-36 month terms.
- Vietabank: Provides a 6% annual interest rate for 18- and 24-month deposits.
- GPBANK: maintains a 6.05% annual interest rate for 12-month deposits and 6.15% for longer terms.
What are “Window Deposits” as mentioned with PVCOMBANK?
While the provided article mentions “window deposits,” it does not define them. It is recommended to research or contact PVCOMBANK for clarification regarding ”window deposits”.
How Do These Rates Compare to Previous periods?
The article highlights that deposit rates have risen by 0.08 percentage points by the end of the first quarter of 2025 compared to the end of 2024.
How Long do These high Deposit Rates Typically Last?
Based on the National Bank survey, deposit rates are expected to stabilize in the second quarter of 2025. This suggests that the current high rates might not persist indefinitely.
what are the Expectations for Deposit Rates in the near future?
According to a National Bank survey, rates are expected to stabilize in the second quarter of 2025, with a potential slight increase of approximately 0.02 percentage points over six months. Rates for terms shorter than six months are projected to increase slightly by about 0.17 percentage points this year.
How are Loan Rates expected to Perform in Vietnam?
The National Bank survey also indicates that loan rates are expected to continue a slight downward trend in the second quarter and throughout 2025, perhaps falling by 0.03 to 0.08 percentage points.
What Measures Are Being Taken by the National Bank?
The National Bank is implementing stabilization measures to manage the deposit rates. The article suggests these measures have contributed to a positive economic outlook.
Can You Summarize the Key Deposit Rates?
Here’s a speedy summary of the high-interest deposit rates offered by the specific banks in the article, based on the information available as of April 14:
| Bank | Interest Rate | Deposit term | Minimum Balance/Conditions |
|---|---|---|---|
| ABBANK | Up to 9.65% | 13 months | Over 1.5 trillion VND |
| PVCOMBANK | 9% | 12-13 months (Window Deposits) | 20 billion VND or more |
| HDBANK | 8.1% / 7.7% | 13 months / 12 months | 500 billion VND |
| VPBANK | 6% / 6.3% | 12-18 months / 24-36 months | Standard Savings Account |
| Vietabank | 6% | 18 and 24 months | Standard Savings Account |
| GPBANK | 6.05% / 6.15% | 12 months / Longer | Standard Savings Account |