Bac A Commercial Joint Stock Bank (Bac A Bank) has just become the first bank to adjust deposit interest rates up in July, after a series of banks adjusted down the previous period.
According to the new interest rate schedule, Bac A Bank applies a unified interest rate for VND deposits of individual customers, instead of dividing them into two groups of customers depositing under 1 billion VND and from 1 billion VND or more as before. Thus, the interest rate for customers depositing under 1 billion VND has been increased to the level applied to customers depositing from 1 billion VND or more.
Accordingly, the deposit interest rate for terms of 1-5 months increased by 0.2 percentage points to 4.75%/year. Terms of 6-11 months also increased by 0.2 percentage points, to 7.05%/year.
For the 12-month term, Bac A Bank listed the highest interest rate at 7.1%/year, an increase of 0.2 percentage points compared to before. Interest rates for terms from 13-36 months also increased at the same level, to 6.95%/year.
With the new interest rate schedule, Bac A Bank becomes one of the few banks listing deposit interest rates from 7%/year right from the 6-month term, along with ACB, MBV and VCBNeo.
Meanwhile, many other banks do not publicly list interest rates from 7%/year or higher but still implement preferential programs plus interest rates, bringing the actual received interest rate to about 8-9%/year for deposits with a term of 6-24 months, applicable to customers depositing from 100 million VND or more or meeting the conditions on deposit balance.
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.
