Where is the best place to deposit money for short term?
According to Lao Dong, at the end of the year, many customers choose to deposit savings for short terms. Since April 2024, the general mobilization interest rate has increased significantly. For short terms of 1-6 months, the specific increase is as follows:
The highest 1-month interest rate increased by 1 percentage point.
The highest 3-month interest rate increased by 0.9 percentage points.
The highest 6-month interest rate increased by 0.95 percentage points.
Highest Interest Rate for 1-3 month term
According to Lao Dong, at the 1-month term, the highest deposit interest rate currently belongs to OceanBank with an interest rate of 4.1%/year. Followed by Bac A Bank with an interest rate of 4.0%/year.
At the 3-month term, the highest interest rate is 4.4%/year currently listed by OceanBank. The next highest interest rate is 4.3%/year listed by Eximbank and Bac A Bank. The rate of 4.2%/year is listed by OCB.
Highest Interest Rate for 6-9 month term
At term 6, CBBank leads with an interest rate of 5.55%/year. NCB and Bac A Bank pay interest of 5.45%/year. Next is the interest rate of 5.4%/year at OceanBank.
At the 9-month term, the highest interest rate is 5.65%/year at NCB, followed by the interest rate of 5.55%/year, currently listed by Dong A Bank and Bac A Bank.
As of today, October 15, the October interest rate level has only recorded 3 banks increasing interest rates, 8 consecutive days without any bank changing interest rates - something that rarely happened in previous months.
Details of deposit interest rates at banks, updated on October 15, 2024
