VPBank digital bank is listing the 12-month term deposit interest rate at Cake by VPBank at 7.4%/year for the form of receiving interest at the end of the term.
From May 1st to May 31st, 2026, Cake by VPBank implements an additional 1.5%/year program for individual customers who first use term deposit products on the Cake Bank application (not applicable to customers who have opened savings books at Cake through other applications).
The program applies to deposits with terms of 6 months or more, not pre-finalized, and applies to interest collection methods including end-of-term, early-term, monthly or quarterly.
Accordingly, customers who deposit money for the first time with a term of 12 months can enjoy an interest rate of up to 8.9%/year after adding incentives.
On the market, some banks are listing 12-month term interest rates above 7%/year. MBV applies a rate of 7.2%/year; VIB lists 7%/year.
In addition, some banks still maintain particularly high interest rates for large deposits. PVcomBank applies an interest rate of 10%/year for terms of 12-13 months on the condition that customers maintain a minimum balance of 2,000 billion VND.
Meanwhile, MSB lists a rate of 9%/year for newly opened or automatically renewed savings books from January 1, 2018, applicable to terms of 12-13 months and deposits from 500 billion VND or more.
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.
