Deposit rates rise as investors seek stability

Savings rates are climbing and drawing back idle household funds, while investors increase allocations to secure channels and continue to monitor other investment avenues for potential returns.

- By Le Khanh

It is projected that interest rates will continue to rise over the next few months

(Photo: Le Loan)

Widespread increases in savings interest rates have been recorded at commercial banks as lenders sought to attract deposits. MB Bank raised rates for individual customers on March 18, increasing 12-18 month deposits to 6.5-6.6 per cent per annum and 24-60 month deposits to 7.5 per cent, among the highest in the market. A $10,000 deposit over 24-60 months would earn about $750 annually. This followed a previous adjustment on March 7, when long-term rates were lifted 0.3-0.6 percentage points while short-term rates remained unchanged.

Other joint-stock banks made similar moves. For instance, SHB raised 1-2 month deposits from 4.2 to 4.6 per cent, 6-8 month deposits to 6 per cent, and 9-11 month deposits to 6.1 per cent, while 3-5 month deposits stayed at 4.65 per cent.

Meanwhile, VietBank increased 1-2 month deposits to 4.6 per cent and 3-5 month deposits slightly to 4.6 per cent from March 2, its first adjustment since December 2025. VPBank also raised rates on deposits of six months or longer by 0.2-0.5 percentage points from March 10, keeping 1-3 month deposits at 4.54 per cent. Sacombank increased 1-month deposits to 4.5 per cent, 3 months to 4.7 per cent, 6-9 months to 5.5 per cent, 12 months to 5.8 per cent, and over 12 months to 6.3 per cent.