On August 13, 2026, the bank interest rates in Vietnam experienced a notable rise, with VCBNeo announcing an increase in deposit rates across various terms. The bank raised its interest rates by 0.5 percentage points for terms ranging from 6 to 11 months, bringing the rate to 7.5% per annum. For longer terms of 12 to 60 months, the interest rate was increased by 0.8 percentage points, reaching 7.8% per annum, which is now the highest publicly listed rate in the market.

This increase positions VCBNeo at the forefront of competitive interest rates for 6, 12, and 24-month deposits under standard conditions. However, the bank maintained its short-term rates, keeping them at 0.5% per annum for demand deposits and 4.75% for terms under six months, in line with the maximum allowed by the State Bank of Vietnam.

In contrast, LPBank has reduced its deposit rates across all terms. The online deposit rate for a one-month term has decreased by 0.3 percentage points to 4.4% per annum, while the two-month term dropped by 0.1 percentage points to 4.6% per annum. Rates for three to five months have also seen a reduction, now at 4.65% per annum.

For the six-month term, LPBank's rate is now 7% per annum, and for terms of seven to eleven months, it is 6.9% per annum. The highest online interest rate at LPBank is currently 7.2% per annum for 12, 24, and 25-month terms, following a 0.1 percentage point decrease.

The adjustments in rates reflect the ongoing fluctuations in the banking sector, with various banks competing to attract depositors. Customers are encouraged to check with their banks for the most current rates, as these figures are subject to change.