Cake by VPBank is listing interest rates from 7.2-7.4%/year. Notably. From June 1-3, 2026, the bank will implement a preferential program with an additional 1.5 percentage points for individual customers who deposit savings for the first time from 100,000 VND or more, with a term of 6 months and no pre-payment.
Thanks to that, the actual interest rate received at Cake by VPBank can be as high as 8.9%/year.
Another bank, Saigonbank, is applying the official listed interest rate at 7.9%/year for online deposits with a term of 13 months; 7.2% for a term of 12 months and 7% for a term of 18 months.
Currently, the deposit interest rate level in the market is maintained stably. For the 12-month term, most banks list interest rates in the range of 6.2-7%/year. In which, Bac A Bank and Sacombank list the highest level of 7.1%/year for the 12-month term. Many other banks such as MBV, PGBank and VIB also list 7%/year.
Meanwhile, the group of state-owned banks including Agribank, BIDV, Vietcombank and VietinBank continued to maintain a significantly lower interest rate level, commonly at 5.9%/year for a 12-month term.
For medium-term terms of 6 months or more, many banks currently list interest rates exceeding 6%/year, even above 7%/year. This shows that the demand for mobilizing medium and long-term capital from banks is still high in the context that credit is expected to accelerate in 2026.
In general, the current deposit interest rate level still maintains a clear differentiation. While the group of state-owned banks continues to play the role of holding the low interest rate level of the market, joint-stock commercial banks, especially the group of medium and small-sized banks, are still actively maintaining competitive interest rates to attract deposit capital flows.
