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
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.
