The interest rate race heats up as some banks launch big incentives, helping depositors of 100 million VND to enjoy rare profits.
BVBank is deploying an online deposit certificate product with the highest interest rate of up to 7.8%/year. Accordingly, customers can buy deposit certificates through digital channels with a minimum amount of 10 million VND, applicable to 4 terms including 6, 9, 12 and 15 months.
The corresponding interest rate is 6.5%/year for terms of 6 and 9 months; 6.8%/year for terms of 12 months; and highest 7.8%/year for terms of 15 months.
The program is implemented by BVBank from December 22, 2025 to the end of March 31, 2026 or ends early when reaching an issuance scale of 1,000 billion VND.
PVCombank is also applying a program to add interest rates up to 1.5%/year for customers who deposit online savings on Fridays every week. The application conditions are relatively broad, only need to deposit online, with a term of 12 months or more and a minimum deposit amount of 100 million VND.
With this additional level, the actual interest rate received by depositors is pushed up very high. Deposits of 100 million VND can enjoy an interest rate of 7.6%/year for a 12-month term, 7.8%/year for a 13-month term. In particular, if choosing a term from 15–36 months, the actual interest rate received is up to 8.3%/year, a rare level on the market today for deposits that are not large.
Some other banks are also accelerating in the year-end interest rate race. Cake by VPBank lists an interest rate of 7.1% for terms from 6–36 months. This number bank also applies incentives plus a maximum of 0.6%/year for first-time depositors, thereby bringing the highest interest rate to 7.7%/year for medium and long terms.
NCB also applies a policy of adding up to 2%/year for customers depositing online savings through digital applications, with terms from 6 months or more and applicable until the end of January 31, 2026. As a result, deposit interest rates for terms of 6-8 months reach 8.2%/year; terms of 9-11 months reach 8.25%/year; and terms of 12-36 months reach 8.3%/year.
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