Banks continuously increase interest rates
Bac A Bank continues to adjust deposit interest rates upward, becoming the only bank to date to adjust deposit interest rates upward 3 times in October. Accordingly, deposit accounts under 1 billion VND, receiving interest at the end of the term, 1-2 month term increased by 0.2%/year to 4.4%/year - the highest level on the market today for these two terms.
6 to 36 month terms increased by 0.2%/year. After adjustment, the interest rate for 6-8 month terms is 5.8%/year; 9-11 month terms are 5.85%/year; 12-month terms are 6%/year; 13-15 month terms increased to 6.1%/year; 18-36 month terms increased to 6.3%/year.
For savings accounts from 1 billion VND, interest rates will also increase similarly, corresponding to an increase of 0.2%/year for 1-2 month and 6-36 month terms. After adjustment, the 1-2 month term increased to 4.6%/year; the 3-5 month term remained at 4.75%/year - the interest rate ceiling according to regulations; the 6-8 month term increased to 6%/year; the 9-11 month term increased to 6.05%/year; the 12-month term was 6.2%/year; the 13-15 month term increased to 6.3%/year; the 18-36 month term increased to 6.5%/year,
Thus, after 3 interest rate increases in October, deposit interest rates at Bac A Bank have increased from 0.45% - 0.65%/year, becoming the group of banks with the highest interest rates on the market today.
Thus, since the beginning of October, 9 banks have increased deposit interest rates, including: GPBank, NCB, Vikki Bank, Bac A Bank, VCBNeo, HDBank, Sacombank, VIB and SHB.
In addition, a series of banks have applied preferential policies to attract customers. Including: VietinBank, Vietcombank, Vikki Bank, MB, Techcombank, VietBank, LPBank.
Highest special interest rate 6.5-9%
The highest deposit interest rate at banks ranges from 6-9%/year. However, to enjoy this interest rate, customers must meet special conditions.
PVcomBank applies a special interest rate of 9%/year for a term of 12-13 months when depositing money at the counter. The applicable condition is that customers must maintain 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 the condition of maintaining a minimum balance of VND500 billion.
Vikki Bank applies an interest rate of 7.5%/year for term deposits of 13 months or more, with a minimum amount of 999 billion VND; Bac A Bank is applying the highest interest rate of 6.5%/year for terms from 18 to 36 months, 6.3%/year with terms of 1315 months and 6.1%/year, term of 6-8 months at 6%/year, term of 9-11 months is 6.05%/year, term of 12 months is 6.2%/year.
IVB applies an interest rate of 6.15%/year for a term of 36 months, conditions applied to deposits of VND 1,500 billion or more; ACB applies an interest rate of 6%/year for a term of 13 months receiving interest at the end of the term when customers have a deposit balance of VND 200 billion or more.
At LPBank, for deposits of VND300 billion or more, the mobilization interest rate applied to customers receiving interest at the end of the term is 6.5%/year, receiving monthly interest of 6.3%/year and receiving interest at the beginning of the term is 6.07%/year.
Viet A Bank applies an interest rate of over 6%/year for Dac Tai Savings products. Of which, the 6-month term interest rate is 6.0%/year; 7 months is 6.1%/year; 12 months is 6.5%/year; 13 months is 6.6%/year; 15 months is 6.7%/year and 18 months reach the highest level of 6.8%/year. To participate, customers need to deposit at least 100 million VND and make transactions at the counter, with the form of receiving interest at the end of the term.
Banks with interest rates from 6% do not apply special conditions
Currently, interest rates above 6%/year are being listed by some banks for long-term deposits, without a minimum deposit requirement.
Vikki Bank applies an interest rate of 6%/year for a 6-month term, 6.2%/year for a 12-13 month term; Cake by VPBank applies an interest rate of 6%/year for a 12-18 month term and 24-36 months; HDBank applies an interest rate of 6%/year for a 15-month term and 6.1%/year for a 18-month term; BVBank also pays 6.1%/year for a 60-month term and 6.0%/year for a 48-month term. Viet A Bank maintains a rate of only 6.0%/year for a 36-month term.
Bac A Bank applies an interest rate of 6%/year for a 12-month term; 6.1%/year for a 13-15-month term; 6.3%/year for a 18-36 month term.
Statistics of banks with the highest savings interest rates today:
Compare the highest bank interest rates for 3-month terms
Interest rates for savings deposits at banks for 6-month terms
For 12-month savings, which bank has the highest interest rate?
Agribank interest rates, Sacombank interest rates, SCB interest rates, Vietcombank interest rates... are the highest for a 24-month term.
Interest rate information is for reference only and may change from time to time. Please contact the nearest bank transaction point or hotline for specific advice.
Readers can refer to more articles on interest rates HERE.
