Deposit interest rates continue to be pushed up, the market continuously appears at levels of 8-9%/year. With a deposit of 100 million VND, depositors can enjoy interest rates up to 9%/year in some preferential programs, but many high interest rates still come with special conditions.
Cake by VPBank has just adjusted to increase deposit interest rates for many terms. According to the latest listed interest rate schedule, the 6-9 month term increased by 0.4%/year to 7.7%/year; the 10-12 month term increased to 7.9%/year; terms from 13-36 months are also listed at 7.9%/year. This is currently one of the highest listed interest rates in the online savings group in the market.
Along with the interest rate increase, this bank is implementing an incentive program with an additional 1.1%/year for individual customers who use term deposit products for the first time, applicable to deposits from 6 months or more and not pre-finalized. With this policy, the actual received interest rate can be up to 9%/year, higher than the incentive level of 0.9%/year applied by Cake a few days earlier.
SeABank has also just announced a preferential interest rate program from February 23rd to April 8th, 2026. Accordingly, customers depositing savings from 50 million VND with a term of 6 months or more can receive interest rates up to 8.3%/year.
Although many banks list high interest rates, up to 7-9%/year, most of these interest rates come with separate conditions on the amount of deposit or term.
MSB announces an interest rate of 9%/year, applicable to newly opened customers, or savings books opened from the beginning of 2018 automatically renewed, with deposit terms of 12 months, 13 months and deposit amounts from 500 billion VND or more for a 13-month term.
PVcomBank is applying a special interest rate of 9%/year for terms of 12-13 months when depositing money at the counter, with the condition of maintaining a minimum balance of VND 2,000 billion.
HDBank applies 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 applies an interest rate of 8.4%/year for deposits from 13 months or more, with a minimum deposit amount of 999 billion VND.
Thus, with a deposit of 100 million VND, depositors can receive interest rates of up to 9%/year at some banks.
However, in reality, not all customers depositing 100 million VND can access this interest rate, because many banks only apply it to very large deposits. In the general customer group, preferential programs such as Cake by VPBank or SeABank are rare choices that allow access to high interest rates with lower deposits.
