Saigonbank Tops Vietnam Deposit Rates with 7.2% for 12‑Month Term

A survey of online deposit rates released on 26 June shows Saigonbank leading Vietnam’s market with a 7.2 % annual rate for a 12‑month term. The bank also lists 6.9 % for six months, 6.7 % for nine months and 7.0 % for an 18‑month term.

The “Big 4” state‑linked banks—Agribank, BIDV, Vietcombank and VietinBank—maintain a uniform 6.8 % rate for both 12‑ and 18‑month deposits. Several commercial banks (MBV, PGBank, VCBNeo and VIB) publish 7.0 % for the 12‑month term. Four banks—BVBank, LPBank, Bac A Bank and OCB—offer 6.9 % for the same period, with LPBank posting the highest 18‑month rate at 6.95 %.

Other institutions present rates ranging from 6.8 % down to 3.7 % (SCB’s lowest). The spread between the highest and lowest 12‑month rates is 3.5 percentage points, indicating a relatively stable but differentiated pricing environment across Vietnam’s banking sector.