Deposit interest rates continue to increase
Recently, deposit interest rates have shown signs of increasing again when the demand for capital mobilization of banks increased in the last months of the year.
Since the beginning of October, 6 banks have increased deposit interest rates, including: GPBank, NCB, Vikki Bank, Bac A Bank, VCBNeo, and HDBank. Of which, Bac A Bank has increased interest rates twice this month.
In addition to officially increasing listed interest rates, a series of banks have applied preferential policies to attract customers.
Recently, VietinBank announced a bank interest rate 0.3-1%/year higher than the listed rate when customers deposit savings online for terms from 1 month to 10 months.
Previously, another Big4 bank also planned to attract mobilized capital, Vietcombank. From September 25 to October 31, for each savings deposit of VND1 billion or more at the transaction counter, Vietcombank will give customers VCB Loyalty points corresponding to 0.1% of the deposit amount.
Recently, a series of banks have announced additional interest rates or other gifts for depositors, including Vikki Bank, MB, Techcombank, VietBank...
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 applying the highest interest rate of 6.3%/year for terms from 18 to 36 months; 6.1%/year for terms of 1315 months and 6%/year for terms of 12 months for deposits of VND 1 billion or more.
IVB applies an interest rate of 6.15% for a term of 36 months, conditions applied to deposits of VND 1,500 billion or more; ACB applies an interest rate of 6%/year for a term of 13 months receiving interest at the end of the term when customers have a deposit balance of VND 200 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%/year for a 15-month term and 6.1%/year 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 6.1% 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.
Readers can refer to more articles on interest rates HERE.
