Bank interest rates today May 29: Strong adjustment

Sacombank has just adjusted its deposit interest rate for the third time in May, after an increase and a decrease before. According to the new interest rate schedule, the bank simultaneously reduced interest rates for most products and deposit terms.

With Phu Dong Savings product, the 12-month term interest rate decreased by 0.2 percentage points to 7%/year; 24-60 month terms decreased by 0.3 percentage points to 7.1%/year. The interest rate applied for the last 6 months of the term remains unchanged at 4.75%/year.

For the super flexible accumulation product, interest rates for terms of 7-12 months decreased to 7%/year, while the term of 15-36 months decreased to 7.1%/year. The interest rate applied for the last 6 months continues to be maintained at 4.75%/year.

In traditional savings products at the counter, customers depositing under 500 million VND are entitled to an interest rate of 4.5%/year for a term of 1-5 months, 6.2%/year for a term of 6-11 months, 5.9%/year for a term of 12-13 months, 6%/year for a term of 15-18 months and 6.7%/year for a term of 24-36 months.

For deposits from 500 million VND to under 2 billion VND, the interest rate for terms of 1-5 months decreased to 4.6%/year; terms of 6-11 months are 6.3%/year; 12-13 months are 6%/year; 15-18 months are 6.1%/year; 24-36 months are 6.8%/year. For deposits from 2 billion VND or more, Sacombank maintains the interest rate at 4.75%/year for terms of 1-5 months and reduces 0.1-0.2 percentage points for terms of 6-36 months.

Online savings interest rates are also adjusted down by 0.2 percentage points for terms of 6-36 months. For deposits under 50 million VND, the current interest rate is 4.5%/year for terms of 1-5 months, 6.4%/year for terms of 6-11 months, 6.6%/year for terms of 12-18 months and 6.9%/year for terms of 24-36 months. Each higher deposit level is added 0.1 percentage points; the highest level for deposits from 500 million VND reaches 6.8%/year for terms of 6-11 months, 7%/year for terms of 12-18 months and 7.1%/year for terms of 24-36 months.

MBV also reduced deposit interest rates by 0.2 percentage points for terms of 6-36 months. Currently, the bank lists an online interest rate of 7%/year for terms of 6-36 months, while the interest rate for terms of 1-5 months remains unchanged from 4.6-4.75%/year.

To date, 10 banks have adjusted deposit interest rates in May. In which, ACB, VPBank, Sacombank, MB, MBV and LPBank reduced deposit interest rates; Bac A Bank increased interest rates for 13-month terms and then quickly reduced them back to the old level; OCB increased interest rates for many terms; Saigonbank strongly increased online savings interest rates for 13-month terms to 7.9%/year, and at the same time reduced interest rates for terms of 7-11 months and 18-36 months; Nam A Bank increased deposit interest rates.

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