According to the online deposit interest rate schedule of Vietnam Prosperity Joint Stock Commercial Bank (VPBank), the bank applies higher interest rates than deposits at the counter, and also divides them according to each deposit limit. The highest interest rate is applied to deposits with terms from 6 to 12 months.
Customers depositing from 100 million VND to under 300 million VND are entitled to interest rates from 4.75% to 8.5%/year. For deposits from 300 million VND to under 1 billion VND, interest rates range from 4.75% to 8.6%/year.
For deposits from 1 billion VND to under 3 billion VND, online interest rates are at 4.75% - 8.7%/year. Deposits from 3 billion VND to under 10 billion VND are entitled to interest rates from 4.75% to 8.8%/year.
Notably, customers depositing online from 50 billion VND or more can enjoy the highest interest rate of up to 9%/year, applied to terms from 6 to 12 months.
Cake by VPBank is listing 6-month term interest rates at a normal rate of 7.2%/year when customers receive interest at the end of the term. When customers receive interest at the beginning of the term, monthly and quarterly, they will receive interest rates of 6.78%, 7.02% and 7.09%/year respectively.
Cake by VPBank is offering an additional 1.8% interest rate, applicable to customers depositing money for the first time, standard deposit products and accumulated deposits on the CAKE BANK application, with amounts from 100,000 VND, term of 6-12 months. Plus this preferential interest rate, customers depositing money for a 6-month term can receive an interest rate of up to 9%; for Cake by VPBank's 10-12 month terms, the actual received interest rate can be up to 9.2%.
In the short-term group, many banks continue to list 4.75%/year for terms from 3 to under 6 months - the interest rate ceiling applied to deposits under 6 months according to the regulations of the State Bank.
Banks such as Cake by VPBank, Nam A Bank, MBV, BAC A BANK, OCB, VCBNeo, PGBank, BVBank, Sacombank, SaigonBank, BAOVIET Bank, VietABank, NCB, TPBank, MSB and PVcomBank all apply an interest rate of 4.75%/year for a 3-month term.
In addition, some banks listed interest rates close to the ceiling such as VPBank and SHB at 4.65%/year, VietBank at 4.6%/year.
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.
