Banks reduce interest rates 3 times in a month
Kienlongbank's mobilization interest rates continued to decrease for the third consecutive time since the beginning of March, the decrease for terms from 1-60 months. Accordingly, the 1-12 month term decreased by 0.2%/year; the 13-17 month term decreased by 0.15%/year; the 18-60 month term decreased by 0.05%/year.
After adjustment, the 1-4 month term is 3.7%/year; the 5-month term is 3.9%/year; the 6-month term is 5.1%/year; the 7-9 month term is 5.2%/year; the 10-11 month term is 5.3%/year; the 12-month term is 5.5%/year; the 13-15 month term is 5.35%/year; the 17-6 month term is 5.35%/year.
As of the beginning of March, 19 banks have adjusted interest rates, of which 18 banks have reduced interest rates, including: PGBank, Viet A Bank, Kienlongbank, Bac A Bank, Eximbank, IVB, LPBank, Nam A Bank, NCB, SHB, VCBNeo, VIB, Techcombank, BIDV, MBV, Vikki Bank, VRB and ABBank.
Of which, Eximbank and Kienlongbank have reduced interest rates three times; PGBank and VRB have adjusted down two times.
One bank that adjusted in opposite directions is Standard Chartered Vietnam.
Highest special interest rate 7.5-9.65%
The highest interest rate for 12-month terms is up to 7-9%, but to enjoy this interest rate, customers must meet special conditions.
ABBank leads in special interest rates, at 9.65%/year for newly opened/repetited customers with savings deposits of VND1,500 billion or more, term of 13 months.
PVcomBank also 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. In addition, the 18-month term is subject to a 6% interest rate.
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% 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.
Banks with interest rates exceeding 6%
Currently, interest rates above 6%/year are being listed by many banks for long-term deposits but do not require a minimum deposit amount.
BVBank applies an interest rate of 6% for an 18-month term, 6.05% for a 24-month term; Cake by VPBank applies an interest rate of 6%/year for a 12-18 month term and 6.3%/year for a 24-36 month term.
Vikki Bank applies an interest rate of 6% for a 24-month term; VietABank applies an interest rate of 6% for a 18- and 24-month term at 6%/year, 6.1% for a 36-month term; BAOVIET Bank applies an interest rate of 6% for a 15, 18, 24 and 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
Want to deposit savings for 12 months, which bank has the highest interest rate?
Latest update on Agribank interest rates, Sacombank interest rates, SCB interest rates, Vietcombank interest rates... highest for 24-month terms.
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.
