Online deposit-rate survey on June 18 shows continued differentiation across banks, with Big4 banks at 6.8% and others offering 5.3-6.9% depending on term

Online deposit rate standings continued to show clear differentiation among banks. A survey of online deposit rates on June 18 indicates that some banks continue to offer rates above 7% per year for 12-month terms, while the group of state-owned banks maintains a stable level at 6.8% per year.

Banks offering above 7% per year

ACB currently leads the market with 7.3% per year for 12 months, 7.2% per year for 9 months, and 7.1% per year for 6 months. This is the highest rate recorded among the banks surveyed, surpassing the 7% per year that many other banks apply.

Also in this high-rate group, Saigonbank has raised online rates for 12-month terms to 7.2% per year and for 18 months to 7.0% per year after the latest adjustment.

Banks quoting 7% per year for certain terms

Four banks currently quote 7% per year for specific terms. MBV and VCBNeo apply 7% per year for terms from 6 months to 18 months. PGBank and VIB also quote 7% per year for a 12-month term.

This group has the highest returns for savers after ACB and Saigonbank.

Rates from 6.9% to under 7% per year

LPBank lists 6.95% per year for 18 months and 6.9% per year for 12 months. Bac A Bank, BVBank and OCB all apply 6.9% per year for 12 months. Nam A Bank also lists 6.9% per year for 18 months.

Rates from 6.8% to under 6.9% per year

Agribank, BIDV, Vietcombank and VietinBank continue to maintain 6.8% per year for terms of 12 months or longer. MSB also lists a similar rate for 12 months. Although not leading, the Big4 remain among banks with higher rates on the market, only about 0.2 percentage point below the 7% level.

Rates from 6.5% to under 6.8% per year

Techcombank currently applies 6.75% per year for a 12-month term, the highest in this group. BaoViet Bank and NCB are quoted at 6.5% to 6.7% per year. Sacombank, SHB and Nam A Bank apply 6.5% to 6.6% per year.

Other rates in this range include MB at 6.35%, VPBank at 6.3%, and TPBank at 6.25%.

Rates under 6% per year

Eximbank, HDBank and SeABank quote 5.3% for 12 months. GPBank quotes 5.55%, KienlongBank 5.5%, and PVcomBank 5.6%. Viet A Bank, VietBank and Vikki Bank are around 6.1%.

Meanwhile, SCB remains the lowest in the market at 3.7% for 12 months.

Widening spread and interest impact

The survey shows the gap between the highest and lowest rates has widened to 3.6 percentage points. For a 1 billion-dong deposit over one year, the difference translates to about 36 million dong in interest.