Highest 3-month savings interest rate
According to a survey on January 31, 2025, 3-month savings interest rates at banks have a significant difference, ranging from 1.9% to more than 4.5%/year. Below are the 5 banks that are applying the highest interest rates:
These banks are offering competitive interest rates for 3-month terms, giving customers many options to suit their short-term financial needs.
Should I save for 3 months?
The interest rate for 3-month savings is usually lower than that for longer terms such as 6 months, 12 months or 18 months. However, this is still a suitable choice for customers who need flexibility in capital or are not ready to deposit money for a long time.
Some advantages when choosing to save for a 3-month term:
High flexibility: After 3 months, customers can close or continue saving with a new term.
Limiting the risk of falling interest rates: In the context of volatile financial markets, short-term savings help customers flexibly adjust their financial strategies.
Good liquidity: If there is a need to withdraw early, customers will only pay a lower interest rate instead of losing all interest like long terms.
However, if customers have long-term idle funds, they can consider terms of 6 months or more to enjoy higher interest rates.
Future savings interest rate trends
According to the forecast of Vietcombank Securities Company (VCBS), deposit interest rates may continue to increase slightly in the first quarter of 2025, especially in medium and long-term terms. The State Bank of Vietnam still maintains a flexible monetary policy to support the economy, while still ensuring attractive interest rates for depositors.
Customers should regularly update the interest rate tables at banks to choose the appropriate deposit channel. In case of long-term financial plans, consider long-term savings to enjoy more preferential interest rates.
