Deposit rates continue to rise as NHNN signals market stabilization

Banks in early April continued to adjust deposit rates modestly as deposit rates rise. Several lenders increased rates by between 0.2 and 1.5 percentage points versus their previous adjustments, with changes concentrated across common tenors from one month to over 12 months.

Deposit rate increases in early April

Techcombank raised deposit rates from March 28 by 0.3–1.5 percentage points. For ordinary customers, the bank lifted the 1-month rate to 3.95% per year, the 3-month rate to 4.25% per year, the 6–9 month rate to 6.45% per year, the 12-month rate to 6.65% per year, and for tenors above 12 months to 5.75% per year.

OC B increased rates by 0.2 percentage points for deposits of 6 months or longer from March 27, applying 6.6%/year for 6–9 months, 6.9%/year for 12 months, 7.3%/year for 24 months, and 7.5%/year for 36 months.

Nam A Bank also raised deposit rates by up to 0.6 percentage point for all tenors from April 4, setting the 1-month rate at 4.5%/year, the 6-month rate at 5.6%/year, and the 12-month rate at 6.3%/year.

Other banks including BaoVietBank, MSB, BVBank, and ACB also increased deposit rates since the end of March.

State-owned banks align rates

In the state sector, Agribank adjusted rates to align with Vietcombank, VietinBank and BIDV by lifting the 12-month rate to 5.9% per year and the 24-month rate to 6.5% per year. As a result, deposit rates across state-owned banks became aligned at: 2.1%/year for 1 month, 2.4%/year for 3 months, 3.5%/year for 6–9 months, 5.9%/year for 12 months, and 6.5%/year for tenors above 12 months.

Deposit rate range across banks (as of 06/04/2026)

By 06/04/2026, deposit rates for 1–3 months ranged from 1.6% to 4.75% per year, 6–9 months from 2.9% to 7.05% per year, and 12 months from 3.7% to 7.2% per year.

For the 12-month tenor, MBV offered the highest rate at 7.2%/year, followed by Bac A Bank at 7.1%/year. Next were VIB and VCB Neo at 7%/year.

For the 6-month tenor, Bac A Bank topped at 7.05%/year, followed by VCB Neo, OCB, and Sacombank at 6.6%/year.

For the 3-month tenor, the highest rate across many banks was 4.75%/year, including VCB Neo, Sacombank, MBV, OCB, BVBank, VPBank, PVcomBank, VIB, and Saigonbank.

Higher personal savings rates (8–9% range)

Personal savings rates as of 06/04/2026 show some banks offering higher rates of 8–9% per year. VikkiBank offered 9.2%/year for online savings with deposits of at least 200 million VND for 6 months, and 9.3%/year for the 12-month term.

NCB offered 8.8%/year for 6–8 months and 8.85%/year for 9–13 months for deposits under 5 billion VND, and up to 8.9%/year for deposits of 5–10 billion VND.

Sacombank announced special rates from March 26 to June 30: 8.2%/year for 15 months, 8.6%/year for 24 months, and 8.8%/year for 36 months, with end-of-period interest.

State Bank directive to stabilize market rates

On March 30, 2026, the State Bank of Vietnam (NHNN) issued a directive to credit institutions and foreign branches to stabilize market rates. NHNN asked institutions to implement measures to stabilize market rate levels in line with government directives, direct credit to productive sectors and growth drivers, and ensure safety.

NHNN said it will monitor deposit and lending rate movements and publish lending rates on bank websites, while strengthening supervision to ensure compliance with government and NHNN directions on deposit and lending rates.