A survey of deposit interest rates of more than 30 banks shows that the deposit interest rate level still has a fairly clear differentiation between the group of state-owned banks and joint-stock commercial banks. While state-owned banks maintain relatively low interest rates, many private banks continue to list high interest rates to attract capital, especially for medium and long-term terms.
For the 3-month term, the popular interest rate fluctuates in the range of 4-4.75%/year. Most private banks list levels from 4.5-4.75%/year, while the group of state-owned banks such as Vietcombank, BIDV and VietinBank only apply 2.4%/year, Agribank at 2.9%/year.
For the 6-month term, the general interest rate level has been significantly raised, commonly in the range of 5-6.5%/year. Some banks list higher than the general level, including Cake by VPBank with 7.2%/year, BAC A BANK 7.05%/year, MBV and VCBNeo both at 7%/year. Many other banks such as PGBank, SaigonBank, Sacombank, BVBank, OCB and Nam A Bank also maintain interest rates from about 6.4-6.9%/year.
With a 12-month term, many banks continue to maintain interest rates from 7%/year or higher. Among them, Cake by VPBank with 7.4%/year. Followed by SaigonBank with 7.2%/year and BAC A BANK at 7.1%/year. The group of banks listing at 7%/year include MBV, VCBNeo, PGBank, Sacombank and VIB. Meanwhile, many other banks such as OCB, MSB, BVBank, BAOVIET Bank, SHB, NCB and Nam A Bank are applying interest rates ranging from 6.4-6.9%/year for the same term.
For the 24-month term, the popular interest rate on the market is in the range of 5.5-6.8%/year. The group with interest rates from 7%/year and above continues to narrow, including Cake by VPBank leading with 7.4%/year, Sacombank and BAC A BANK both listed at 7.1%/year, while MBV and VCBNeo maintain 7%/year. Banks such as Nam A Bank, OCB, NCB, SHB, BVBank and LPBank are currently listed in the range of 6.6-6.9%/year, significantly higher than the state-owned bank group.
Comparing the highest 3-month term bank interest rates
The highest 6-month term bank savings interest rate today
For 12-month savings, which bank has the highest interest rate?
Highest bank interest rate for 24-month term
Interest rate information is for reference only and may change in each period. Please contact the nearest bank transaction point or hotline for specific advice.
Readers can refer to more articles about interest rates HERE.
