Interest rates of many banks increased massively
ABBank's mobilization interest rates have been adjusted to increase in many terms. Terms from 3-5 months increased by 0.25%/year to 4.45%/year; terms from 6-11 months increased by 0.2%/year to a new level of 5.8%/year; terms from 12 months increased to 6%/year.
OCB simultaneously increased the online interest rate by 0.1%/year for individual customers receiving interest at the end of the term, for terms from 1-36 months. After adjustment, the 1-month term increased to 4%/year; the 2-month term increased to 4.1%/year; the 3-4-month term was 4.2%/year; the 5-month term increased to 4.6%/year.
The 6-11 month terms increased to 5.2%/year; the 12-15 month terms increased to 5.3%/year; the 18 month term was 5.5%/year; the 21 month term was 5.6%/year; the 24 month term was 5.7%/year; the 36 month term was 5.9%/year.
VIB has also increased interest rates for terms from 1-11 months. The 1-month term increased by 0.2%/year to 3.8%/year; the 3-5 month term increased by 0.1%/year to 3.9%/year; the 6-11 month term increased by 0.1%/year to 4.9%/year.
Another bank that increased its deposit interest rates is VPBank, increasing by 0.2% per year for terms from 1 to 18 months. After the adjustment, the online deposit interest rate for individual customers with savings of less than 3 billion VND for a 1-month term is 3.8% per year; for a 2-5 month term is 4% per year; for a 6-11 month term is 5% per year; and for a 12-18 month term is 5.5% per year.
Customers with deposit balances from 3 billion to less than 10 billion VND, from 10 billion to less than 50 billion VND, from 50 billion VND or more, deposit interest rates will increase by 0.1%/year.
On the other hand, KienLongBank sharply reduced all deposit terms. Accordingly, the term from 1-4 months at KienLongBank sharply decreased by 0.6%/year to 3.3%/year; the term of 5 months decreased by 0.4%/year to 3.5%/year; the terms from 6-36 months decreased by 0.4%/year; the term of 60 months decreased by 0.3%/year.
After adjustment, 6-month term is reduced to 5%/year; 7-8 month term is reduced to 4.8%/year; 9-month term is reduced to 4.9%/year; 10-11 month terms are reduced to 5.1%/year; 12-month term is reduced to 5.3%/year; 13-15 month term is reduced to 5.2%/year; 17-36 month terms are reduced to 5.3%/year; 60-month term is 5.4%/year.
Thus, since the beginning of December, 9 banks have increased interest rates, including: ABBank, IVB, TPBank, GPBank, MSB, Dong A Bank, ABBank, OCB, VIB. Of which, ABBank has increased interest rates twice in December.
On the other hand, ABBank, VIB, IVB, LPBank, Bac A Bank and KienLongBank are the banks that reduced interest rates this month.
Special interest rate highest 7-9.5%
Many banks list interest rates at high levels, up to 7-9.5%. However, to receive this interest rate, special conditions must be met.
PVcomBank is currently leading in special interest rates when customers deposit money at the counter, with 9.5% for a term of 12-13 months. However, the condition to receive this interest rate is that customers must have a minimum deposit balance of VND 2,000 billion.
Next is HDBank with a particularly high interest rate, up to 8.1%/year for a 13-month term and 7.7% for a 12-month term, with a minimum balance of VND500 billion. This bank also applies a 6% interest rate for an 18-month term.
MSB applies interest rates for deposits at the counter up to 8%/year for a 13-month term and 7% for a 12-month term. The applicable conditions are that the savings book is newly opened or the savings book is opened from January 1, 2018, automatically renewed with a term of 12 months, 13 months and the deposit amount is from 500 billion VND.
Dong A Bank has a deposit interest rate of 13 months or more, with the final interest rate applied to deposits of 200 billion VND or more at 7.5%/year. This bank also applies an interest rate of 6.1% for a 24-month term.
Bac A Bank applies an interest rate of 6.15% for a term of 18-36 months, applicable to deposits over 1 billion VND.
Interest rate over 6% without special conditions
Interest rates above 6%/year are also being listed by some banks for long-term deposits but without a minimum deposit requirement.
Currently, IVB applies an interest rate of 6.2%/year for terms of 24 months or more, 6.05%/year for terms of 18 months and 6.05% for terms of 13 months; GPBank applies an interest rate of 6.25%/year for terms of 12 months and 6.35%/year for terms of 13-36 months.
Cake by VPBank applies an interest rate of 6.1% for a 24-month term; OceanBank applies an interest rate of 6.1% for a 24-month term; GPBank applies an interest rate of 6.05% for terms from 13-36 months.
BVBank applies an interest rate of 6% for 12-month and 24-month terms; VRB and Dong A Bank apply an interest rate of 6% for 24-month terms; VietABank applies an interest rate of 6% for 36-month terms; SaigonBank applies an interest rate of 6% for 13-, 18- and 24-month terms, and 6.1% for 36-month terms; HDBank applies an interest rate of 6% for 15-month terms and 6.1% for 18-month terms; BAOVIET Bank applies an interest rate of 6% for 15-, 18-, 24- and 36-month terms; ABBank applies an interest rate of 6% for 12-month terms;
Eximbank applies interest rates on weekends (Saturday and Sunday) for 15-month terms at 6.3%/year; for 18-month terms up to 6.4%/year.
Statistics of banks with the highest savings interest rates today:
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Latest update of Agribank interest rates, Sacombank interest rates, SCB interest rates, Vietcombank interest rates... highest for 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 about interest rates HERE.
