Savings interest rates in August show a slight upward trend

The latest bank interest rate table for August 2025 shows that the VND deposit interest rate at banks remains low, but some banks have slightly increased their interest rates. However, experts believe that savings interest rates have not yet hit rock bottom and may decrease further.

Customers transact at BAOVIET Bank Hoan Kiem, Hanoi Branch.

Accordingly, some banks such as Vietnam Prosperity Joint Stock Commercial Bank (VPBank), Vietnam Technological and Commercial Joint Stock Bank ( Techcombank ), VCBNeo digital bank, Tien Phong Commercial Joint Stock Bank (TPBank)... have slightly increased interest rates from 0.1 - 0.2%/year for some deposit terms. Specifically, VPBank increased deposit interest rates by 0.1%/year for all terms from 1 - 36 months. Techcombank applied an increase of 0.1 - 0.2%/year for savings with the same term from 1 - 36 months. VCBNeo adjusted the increase by 0.2%/year for deposits with terms of 1 - 7 months. TPBank adjusted the increase by 0.2%/year for terms of 1 - 3 months and by 0.1%/year for terms of 6 - 36 months...

However, the deposit interest rate of 6% or more only appears in long terms such as 18-month term at Vikki Bank digital bank with 6%/year and at Ho Chi Minh City Development Joint Stock Commercial Bank ( HDBank ) with 6.1%/year. For 12-month term, the highest interest rate currently applied is 6%/year at Cake by VPBank, 5.95%/year at Global Petroleum Commercial Joint Stock Bank (GPBank). Or at Vikki Bank, customers deposit money for 12-month term is 5.95%/year for 12-month term and 6%/year when depositing online, receiving interest at the end of the term.

At the group of large banks, interest rates remained unchanged compared to the previous month. Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) maintained the rate of 2.9%/year for 6-9 month term, 4.6%/year for 12 month term and 4.7%/year for term of 24 months or more. Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) maintained the interest rate of 3.0%/year for 6-9 month term, 4.7%/year for 12 month term and 4.8%/year for 24 month term. Joint Stock Commercial Bank for Industry and Trade of Vietnam (VietinBank) applied the rate of 3%/year for 6-9 month term, 4.7%/year for 12 month term and 4.8%/year for 24 month term.

In addition, some banks still offer special interest rate packages for customers with large deposit balances. Specifically, An Binh Commercial Joint Stock Bank (ABBank) applies a rate of 9.65%/year for a 13-month term, but requires a minimum deposit of VND1,500 billion. The Public Commercial Joint Stock Bank (PVcomBank) offers an interest rate of 9%/year for a 12-13 month term with a balance of VND2,000 billion.

Experts predict that there is still room to reduce deposit interest rates, due to high credit growth while interbank interest rates continue to decrease, creating pressure to pull savings interest rates lower.

According to the market research department of MB Securities Company (MBS Research), the current interest rate level has not yet hit bottom and is likely to continue to decrease in the last months of the year. This unit forecasts that the 12-month term deposit interest rate at major commercial banks will remain around 4.7%/year in 2025.

In the latest forecast on interest rate trends, experts from Vietcombank Securities Company (VCBS) said that the State Bank will continue to maintain a stable operating policy to ensure consistency with the general interest rate level of the economy and macroeconomic indicators. At the same time, the management agency also requires commercial banks to continue to lower lending rates by cutting operating costs, promoting the application of digital technology and implementing interest rate support measures to create favorable conditions for businesses and people.

baotintuc.vn

Source: https://baolaocai.vn/lai-suat-tiet-kiem-thang-8-xuat-hien-xu-huong-tang-nhe-post878606.html