Banks launch many incentives
The interest rate of the Military Commercial Joint Stock Bank (MB) has just been adjusted in a more preferential direction for customers making online savings deposits, with a maximum additional rate of 0.5%/year.
The program applies to customers who register to become MB members for 1 month, 6 months or 12 months, corresponding to the fee of VND 90,000, VND 450,000 and VND 810,000. When becoming a member, customers are added 0.5%/year interest rate for online savings for 13 months (maximum 500 million VND/book), and an additional 0.2%/year for the remaining terms (maximum 300 million VND/book).
In addition to interest rate incentives, MB members also receive a 1% interest rate reduction when borrowing at card fees or mortgaging savings books, and receive a 1015% discount when using services and shopping at units affiliated with MB.
According to the current online deposit interest rate table, MB is applying 3.5%/year for 1-month term, 3.6%/year for 2-month and 3.8%/year for 3-month. After adding incentives, the highest interest rates for depositors with a term of 13 months are 4%, 4.1% and 4.3%/year respectively.
Recently, a series of banks have added deposit interest rates to customers such as: Vietcombank, MB, Woori Bank, Vikki Bank, SeABank.
In addition, since the beginning of October, 5 banks have officially increased deposit interest rates, including Standard Chartered, GPBank, Bac A Bank, NCB and VCBNeo.
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 listing the highest interest rate of 6.2% for a term of 18-36 months for deposits over 1 billion VND; IVB applies an interest rate of 6.15% for a term of 36 months, with conditions applied to deposits of 1,500 billion VND or more.
ACB applies an interest rate of 6%/year for a 13-month term with interest paid at the end of the term when customers have a deposit balance of VND200 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%
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% 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% 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 the only 6.0%/year for the 36-month term; Bac A Bank applies an interest rate of 6% for the 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.
