Bank interest rates today, May 23: Unexpected fluctuations

Bank interest rates fluctuate unexpectedly

VPBank counter deposit interest rates have just been adjusted down by 0.1%/year for many terms.

After adjustment, for deposits under 3 billion VND, the 1-month term decreased to 3.6%/year; the 2-5 month term decreased to 3.7%/year; the 6-11 month term decreased to 4.6%/year; the 12-15 month term decreased to 5.1%/year; the 24-36 month term decreased to 5.2%/year.

VPBank applies a gradual interest rate policy, gradually increasing according to deposit levels: from 3 billion VND to under 10 billion VND; from 10 billion VND to under 50 billion VND and from 50 billion VND or more.

For deposit accounts from VND3 billion to under VND10 billion, the term of 1-18 months is equal to the interest rate applied to deposit accounts under VND3 billion; the term of 24-36 months is 5.3%/year, 0.1%/year higher than the interest rate for deposit accounts under VND3 billion.

For deposit accounts from 10 billion to 50 billion VND and deposit accounts from 50 billion VND or more are 0.1% and 0.2%/year respectively depending on the term.

Meanwhile, Eximbank's online deposit interest rates were unexpectedly adjusted to increase by 0.2% for 1-5 month terms.

After adjustment, the 1-2 month term applied to customers depositing online from Monday to Friday (end-of-term interest rate) is 4.3%/year; the 3-5 month term increases to 4.5%/year.

For online deposit interest rates applied to weekends, 1-2 month terms are 4.5%/year; 3-5 month terms are 4.6%/year.

Thus, since the beginning of May, 6 banks have adjusted interest rates. In which Techcombank, Bac A Bank increased interest rates; Eximbank adjusted in opposite directions; MB, VPBank and GPBank reduced interest rates.

Highest special interest rate 6.5-9.65%

Currently, the highest deposit interest rate at banks ranges from 69.65%/year. However, 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.

Vikki Bank applies the interest rate of 7.5%/year for term deposits of 13 months or more, with a minimum amount of VND 999 billion; Bac A Bank is listing the highest interest rate of 6.2% with a term of 18-36 months for deposits of over 1 billion; IVB applies 6.15% interest rates for 36 -month term, conditions applicable to deposits of VND 1,500 billion 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 from 6%

Currently, interest rates above 6%/year are being listed by some banks for long-term deposits, without a minimum deposit requirement.

Cake by VPBank applies an interest rate of 6%/year for 12-18 month and 24-36 month terms; HDBank applies an interest rate of 6% for 18-month terms; BVBank also pays 6.1%/year for 60-month terms and 6.0%/year for 48-month terms. VietABank 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.