The deposit market is recording many attractive interest rates, including preferential packages that help individual depositors achieve the highest interest rate of up to 8.7%/year with deposits from 100 million VND.
Cake by VPBank is listing the highest interest rate for a 12-month term at 7.4%/year when customers receive interest at the end of the term. For other interest collection methods, the interest rate is 6.59% if receiving interest at the beginning of the term, 7.02% if receiving interest monthly and 7.08% if receiving interest quarterly.
Notably, this bank is implementing an additional 1.3%/year preferential program for individual customers who use deposit products for the first time, applicable to terms from 6 months or more and no pre-payment, lasting until the end of April 30, 2026. Thanks to that, the actual interest rate received for a 12-month term can be up to 8.7%/year.
At BAC A BANK, the bank is listing the highest interest rate of 6.9%/year for a 12-month term for individual customers depositing money online, receiving interest at the end of the term and applying to amounts under 1 billion VND.
Meanwhile, PGBank lists an interest rate of 6.9%/year for a 6-month term when receiving interest at the end of the term. The highest interest rate at this bank is currently 7%/year for terms of 12 and 13 months.
The market also saw many special interest rate packages with high levels, ranging from 7% to 10%/year, but accompanied by very large deposit amount conditions. PVcomBank applies an interest rate of 10%/year for a term of 12–13 months when depositing at the counter, with the condition of maintaining a minimum balance of 20,000 billion VND.
Similarly, MSB announced an interest rate of 9%/year for newly opened customers or automatic extension savings books, applicable to terms of 12–13 months and deposits from 500 billion VND or more.
HDBank is applying an interest rate of 8.1%/year for a 13-month term and 7.7%/year for a 12-month term, with a minimum balance of 500 billion VND. Vikki Bank also offers an interest rate of 8.4%/year for a term of 13 months or more, applicable to a minimum deposit of 999 billion VND.
In general, the deposit interest rate level in the market is clearly differentiated. High interest rates from 8% to 10%/year mainly apply to very large deposits with strict conditions, while for ordinary individual customers, the highest interest rate currently mainly fluctuates around the threshold of 7%/year, depending on the preferential program of each bank.
