Recently, savings interest rates suddenly reversed to increase again at some banks.
Cake by VPBank implements an additional policy of up to 1.5%/year for individual customers who use term deposit products for the first time, applicable to deposits from 6 months or more, no pre-payment and receiving interest at the end of the term, beginning of the term, monthly or quarterly. The program applies until May 31, 2026. Currently, Cake by VPBank applies an interest rate of 7.2-7.4%/year for terms from 6-24 months. With this offer, the highest actual interest rate can be up to 8.9%/year.
Sacombank also sharply increased online deposit interest rates, with an increase of 0.2-1%/year depending on the term and deposit amount. After adjustment, interest rates are among the highest in the market. According to the new interest rate schedule, deposits under 50 million VND are entitled to an interest rate of 7.2%/year for a term of 24-36 months. For deposits from 50 million VND to under 200 million VND, the interest rate for a term of 12-18 months is 7.1%/year, and the term of 24-36 months is 7.4%/year. For deposits from 200 million VND or more, the highest interest rate is up to 7.8%/year for a term of 24-36 months.
OCB has just increased online deposit interest rates by an additional 0.1%/year for terms from 6-36 months. According to the new interest rate schedule, customers depositing under 100 million VND are entitled to the highest interest rate of 7.1%/year for the 36-month term. For deposits from 100-500 million VND, the highest interest rate is up to 7.2%/year for the 36-month term. Meanwhile, customers depositing over 500 million VND are entitled to a maximum interest rate of 7.3%/year for the 36-month term.
Saigonbank also sharply increased online savings interest rates for 13-month terms from 7%/year to 7.9%/year.
Bac A Bank has just adjusted to increase the deposit interest rate for a 13-month term for deposits under 1 billion VND. Accordingly, the interest rate for this term increased by an additional 0.25%/year to 7%/year. For deposits from 1 billion VND or more, Bac A Bank applies higher interest rates than usual, including: term of 6-11 months is 7.05%/year, term of 12 months is 7.1%/year and term of 15-36 months is 6.95%/year.
The market continues to record a trend of differentiation between state-owned banks and private joint-stock commercial banks.
While many private banks still maintain high interest rates to increase capital mobilization competitiveness, the Big4 group continues to maintain a significantly lower interest rate level to support reducing capital costs for the economy.
Currently, Vietcombank, BIDV and VietinBank list interest rates of about 3.5%/year for terms of 6-9 months, while terms of 12 months or more fluctuate around 5.9-6%/year. This is considered a stable interest rate level, creating room to reduce lending interest rates for priority sectors.
The latest survey shows that online savings interest rates above 7%/year are no longer as common as in the previous period. Currently, only some banks maintain a level of 7-7.2%/year for a 6-month term. Among them, MBV and Cake by VPBank list 7.2%/year; Sacombank 7.5%/year.
Statistics of banks with the highest savings interest rates today
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.
