PVcomBank applies 9%/year for customers depositing at the counter, term of 1213 months and maintains a minimum balance of VND 2,000 billion. This is the highest interest rate currently recorded in the market.
HDBank listed interest rates at 8.1%/year for 13-month terms and 7.7%/year for 12-month terms, requiring a minimum balance of VND500 billion. Vikki Bank offers 7.5%/year for terms of 13 months or more, with a minimum deposit of VND 999 billion.
In addition to high interest rate packages for large customers, many commercial banks are applying interest rates above 6%/year for long-term deposits with lower balance requirements. Bac A Bank is paying 6.5%/year for terms from 1836 months; 6.3%/year for terms of 1315 months and 6.2%/year for terms of 12 months, for deposits of VND 1 billion or more. The 68 month term is listed at 6%/year; the 911 month term is 6.05%/year.
Viet A Bank deploys Dac Tai Savings products with interest rates from 66.8%/year depending on the term. 6-month term interest rate is 6%/year; 7 months 6.1%/year; 12 months 6.5%/year; 13 months 6.6%/year; 15 months 6.7%/year and 18 months is 6.8%/year. Customers need to deposit at least 100 million VND, transact at the counter and receive interest at the end of the term.
Some large-scale joint stock commercial banks have just listed the highest interest rates in the range of 66.5%/year. ACB is applying a rate of 6%/year for a 13-month term with interest paid at the end of the term, for customers with a balance of VND200 billion or more. At LPBank, customers depositing VND300 billion or more are entitled to 6.5%/year when receiving interest at the end of the term; if receiving monthly, it is 6.3%/year and receiving 6.07%/year at the beginning of the term.
IVB currently lists 6.15%/year for a 36-month term for a deposit of VND1,500 billion.
In the group that does not require a large minimum balance, interest rates from 6%/year are being listed by many banks for 636 month terms. Vikki Bank applies 6%/year for 6-month terms and 6.2%/year for 1213 month terms. Cake by VPBank pays 6.3%/year for 68 month term; 6.4%/year for 911 month term and 6.5%/year for 1236 month term. HDBank applies 6%/year for a 15-month term and 6.1%/year for a 18-month term; BVBank is listed at 6.1%/year for a 60-month term and 6%/year for a 48-month term.
Bac A Bank continues to maintain 6%/year for 12-month term; 6.1%/year for 1315 month term and 6.3%/year for 1836 month term. MBV applies a simultaneous rate of 6%/year for 12, 18, 24 and 36-month terms.
