Maritime Commercial Joint Stock Bank (MSB) has just unexpectedly increased interest rates by 0.2%/year for all types and terms of deposits.

Accordingly, the interest rates for deposits from 1 month to 36 months at MSB have increased by 0.2%/year from today. According to the latest online interest rate schedule for depositors receiving interest at the end of the term, the interest rate for 1-5 months is increased to 3.9%/year; the interest rate for 6-11 months is 4.8%/year, and the interest rate for 12-36 months is 5.6%/year.

Thus, the highest current interest rate for customers depositing money online and receiving interest at the end of the term is 5.6%/year.

Meanwhile, the difference between online deposit interest rates and counter deposit interest rates is quite clear. According to the latest counter deposit interest rate table, the interest rate for 1-5 month term is 3.4%/year; 6-11 month term is 4.5%/year, and 13-36 month term is 5.3%/year.

Notably, in this adjustment of savings interest rates, MSB also increased by 0.2%/year for term deposits with the “special interest rate” product. Accordingly, the “special interest rate” for 6-month term deposits is 5.3%/year; and for 12-month, 15-month, and 24-month terms is 5.9%/year.

The condition for customers to enjoy the above “special interest rate” is the maximum deposit amount of 5 billion VND and only applies to customers who do not have a savings book, deposit contract, or deposit certificate at MSB at the time of opening the book. In addition, each customer at a time is only allowed to have one savings book opened under the “special interest rate” product.

This is the first time in more than 5 months that MSB has adjusted its deposit interest rates. The last time this bank adjusted was on June 6, 2024, after simultaneously increasing interest rates for terms of 1-36 months.

However, in addition to the above-mentioned “special interest rate” for ordinary customers, MSB still maintains the “special interest rate” for super VIP customers with an interest rate of up to 7%/year. This interest rate remains unchanged from before, the condition to receive this interest rate is that customers deposit from 500 billion VND or more and must deposit for a term of 12-13 months.

Apart from MSB, the deposit interest rates at the remaining banks have remained unchanged. Since the beginning of October, only a few banks have increased their deposit interest rates, including: Agribank (1-5 month term), MSB, LPBank, Eximbank, and Bac A Bank. On the contrary, Agribank reduced the deposit interest rate by 0.1%/year for terms of 6-11 months and Techcombank reduced the interest rate by 0.1%/year for terms of 1-36 months.

HIGHEST INTEREST RATES AT BANKS ON OCTOBER 21, 2024 (%/YEAR)
BANK 1 MONTH 3 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS 18 MONTHS
AGRIBANK 2.2 2.7 3.2 3.2 4.7 4.7
BIDV 2 2.3 3.3 3.3 4.7 4.7
VIETINBANK 2 2.3 3.3 3.3 4.7 4.7
VIETCOMBANK 1.6 1.9 2.9 2.9 4.6 4.6
ABBANK 3.2 3.7 5 5.2 5.6 5.7
ACB 3.1 3.5 4.2 4.3 4.9
BAC A BANK 3.8 4.1 5.25 5.35 5.7 5.85
BAOVIETBANK 3.3 4 5.2 5.4 5.8 6
BVBANK 3.8 4 5.2 5.5 5.8 6
CBBANK 3.8 4 5.55 5.5 5.7 5.85
DONG A BANK 3.9 4.1 5.55 5.7 5.8 6.1
EXIMBANK 3.9 4.3 5.2 4.5 5.2 5.8
GPBANK 3.2 3.72 5.05 5.4 5.75 5.85
HDBANK 3.85 3.95 5.1 4.7 5.5 6.1
KIENLONGBANK 3.7 3.7 5.2 5.3 5.6 5.7
LPBANK 3.9 4.1 5.2 5.2 5.6 5.9
MB 3.3 3.7 4.4 4.4 5.1 5
MSB 3.9 3.9 4.8 4.8 5.6 5.6
NAM A BANK 3.8 4.1 5 5.2 5.6 5.7
NCB 3.8 4.1 5.45 5.65 5.8 6.15
OCB 3.9 4.1 5.1 5.1 5.2 5.4
OCEANBANK 4.1 4.4 5.4 5.5 5.8 6.1
PGBANK 3.4 3.8 5 5 5.5 5.8
PVCOMBANK 3.3 3.6 4.5 4.7 5.1 5.8
SACOMBANK 3.3 3.6 4.9 4.9 5.4 5.6
SAIGONBANK 3.3 3.6 4.8 4.9 5.8 6
SCB 1.6 1.9 2.9 2.9 3.7 3.9
SHB 3.5 3.8 5 5.1 5.5 5.8
TECHCOMBANK 3.25 3.45 4.55 4.55 4.85 4.85
TPBANK 3.5 3.8 4.7 5.2 5.4
VIB 3.2 3.6 4.6 4.6 5.1
VIET A BANK 3.4 3.7 4.8 4.8 5.4 5.7
VIETBANK 3.8 4 5.2 5 5.6 5.9
VPBANK 3.6 3.8 5 5 5.5 5.5