Savings interest rates have recently continuously increased, NCB has just announced an additional interest rate of up to 2%/year for all individual customers depositing online savings through the digital banking application. The conditions are widely applied to deposits with terms from 6 months or more and are extended until January 31, 2026.
With this additional level, the online deposit interest rate at NCB for terms of 6-8 months is up to 8.2%/year; the term of 9-11 months reaches 8.25%/year; and the term of 12-36 months reaches 8.3%/year. This is the highest deposit interest rate on the market today.
Following the same trend, Cake by VPBank also pushed interest rates above 8% through a policy of adding interest rates for 6-month term deposits, gradually increasing according to deposit balance from 0.2% to 1%/year. After adding, the interest rates customers enjoy range from 7.3%–8.1%/year, depending on the amount of deposit.
At PVcomBank, the bank is applying an additional program of up to 1.5%/year for customers who deposit online savings on Fridays every week. The application conditions are online deposit, term from 12 months or more and a minimum deposit amount of 100 million VND.
With this additional level, the actual interest rate is significantly increased. Deposits of 100 million VND can enjoy an interest rate of 7.6%/year for a 12-month term and 7.8%/year for a 13-month term. If choosing a term from 15–36 months, the actual interest rate is up to 8.3%/year, a rare level on the market today for deposits that are not large.
Meanwhile, BVBank is deploying an online deposit certificate product with the highest interest rate of up to 7.8%/year. Customers can buy deposit certificates through digital channels with a minimum amount of 10 million VND, applicable to four 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.
In addition, some banks have officially listed savings interest rates exceeding the threshold of 7%/year, including Cake by VPBank, PGBank and OCB.
