Bank interest rates today 16.12: Unexpected adjustment

Deposit interest rates skyrocket, exceeding 7%

Vietnam Joint Stock Commercial Bank (PVCombank) sharply increased deposit interest rates for all terms. The bank also surprised when launching a policy of adding up to 1.5% interest rate.

Accordingly, online savings interest rates, interest paid at the end of the term, 1-month term increased sharply by 0.8%/year, 2-month term increased by 0.7%/year, 3-month term increased by 0.65%/year, 4-month term increased by 0.55%/year and 5-month term increased by 0.45%/year compared to before.

After adjustment, terms from 1-5 months increased to 4.75%/year, the interest rate ceiling according to regulations for terms of 1-5 months.

Terms from 6-11 months increased by 0.6%/year, to 5.8%/year; terms from 12 months or more increased by 0.5%, exceeding the threshold of 6%/year. Of which, the 12 and 13-month terms were listed at 6.1%/year and 6.3%/year, respectively, the 15-36 month term increased to 6.8%/year.

Notably, PVCombank also announced an additional interest rate of up to 1.5%/year for customers making online savings deposits every Friday of this December.

Conditions for enjoying an interest rate of 1.5%/year, in addition to online savings on Friday, customers only need to meet the conditions for a deposit term of 12 months or more and a deposit amount of 100 million VND or more.

Thus, if they meet these conditions, PVCombank customers can receive savings interest rates of up to 7.6%/year for 12-month term deposits; 7.8%/year for 13-month term deposits.

In particular, the actual savings interest rate will be up to 8.3%/year if customers deposit for a term of 15-36 months.

For counter interest rates, PVCombank also increased similarly to the increase in online savings interest rates. After adjustment, the 1-5 month term also officially hit 4.75%/year. Bank interest rates for remaining terms are 0.3-0.5%/year lower than the online savings interest rate table.

With the above deposit interest rate table, PVCombank is one of the banks with the highest deposit interest rate in the market today.

In addition, PVCombank still maintains a special interest rate of up to 9%/year for customers with 12-13 month term savings deposits with a deposit amount of... VND 2,000 billion.

Since the beginning of December, 19 banks have increased deposit interest rates, including: Nam A Bank, MB, BVBank, Saigonbank, NCB, Cake by VPBank, Techcombank, Bac A Bank, ACB, Sacombank, SHB, KienlongBank, PGBank, OCB, VCBNeo, BIDV, VIB VPBank and PVCombank.

Of which, NCB, VPBank and Techcombank, Cake by VPBank have adjusted interest rates twice.

Highest special interest rate 6.59%/year

The highest deposit interest rate at banks currently fluctuates around 6.59%/year, but to enjoy this interest rate, customers must meet special conditions on deposit scale.

PVcomBank applies a special interest rate of 9%/year for a term of 1213 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 VND500 billion.

Vikki Bank applies an interest rate of 8.4%/year for deposits with a term of 13 months or more, with a minimum deposit of 999 billion VND.

Bac A Bank is applying the highest interest rate of 6.5%/year for terms of 1836 months; 6.3%/year for terms of 1315 months; 6.2%/year for terms of 12 months; terms of 68 months are at 6%/year and 911 months are 6.05%/year.

Viet A Bank applies an interest rate of over 6%/year for Dac Tai Savings products, with interest rates ranging from 6.0%/year for a 6-month term to 6.8%/year for a 18-month term. The applicable condition is that the minimum deposit is 100 million VND, transacted at the counter and received interest at the end of the term.

For deposits over 1 billion VND at Bac A Bank, interest rates are increased to 6.4%/year for 68 month terms; 6.45%/year for 911 month terms; 6.5%/year for 12-month terms; 6.6%/year for 1315 month terms and 6.7%/year for 1836 month terms.

Nam A Bank applies an interest rate of 6.5%/year for a 24-month term and 6.3%/year for a 36-month term, with the condition that the deposit amount is from VND500 billion or more.

Many banks list interest rates above 6%/year without conditions

In addition to special interest rate packages, many banks are also listing interest rates above 6%/year for long terms without a minimum deposit requirement.

Vikki Bank applies an interest rate of 6.5%/year for a 6-month term; 6.6% and 6.7%/year for a 12- and 13-month term. Cake by VPBank maintains 6.7%/year for terms from 636 months.

HDBank listed an interest rate of 6%/year for a 15-month term and 6.1%/year for a 18-month term. BVBank pays 6%/year for a 24-month term for online deposits, 6%/year for a 49-month term and 6.1%/year for a 60-month term when depositing at the counter. Viet A Bank maintains 6%/year for a 36-month term.

Bac A Bank listed interest rates at 6.5%/year for 611 month terms; 6.55%/year for 12-month terms; 6.6%/year for 1315 month terms and 6.7%/year for 1836 month terms. VCBNeo applies 6.2%/year for 6-month terms and terms from 1260 months. PVcomBank listed an interest rate of 6.3%/year for 1536 month terms; Sacombank applied 6%/year for 1836 month terms.

At SHB, the interest rate for 1518 month terms is 6%/year; the 24-month term is 6.1%/year and the 36-month term is 6.2%/year.

KienlongBank applies 6.4%/year and 6.3%/year for 6 and 7-month terms. NCB listed interest rates at 6.2%/year for 68 month terms; 6.25%/year for 911 month terms and 6.3%/year for terms from 1236 months. OCB applies an interest rate of 6%/year for an 18-month term; 6.1%/year for a 21-month term; 6.2%/year for a 24-month term and 6.4%/year for a 36-month term. VIB applies an interest rate of 6.5%/year for a 12-month term.

PV Combank applies an interest rate of 6.1%/year and 6.3%/year for 12 and 13-month terms, 6.8%/year for 15-36 month terms.

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.