Hong Leong Bank Vietnam has just announced an interest rate of 8.8%/year for online deposits with terms of 6 and 12 months. The promotion is applied from August 18 to the end of August 31, 2026, for individual customers on the occasion of National Day September 2nd. The program applies to online term deposit products, with a minimum deposit amount of 1 million VND/deposit and unlimited number of deposits.
The interest rate of 8.8%/year is significantly higher than the regular interest rate schedule of Hong Leong Bank Vietnam. Currently, the bank lists an interest rate of 6.3%/year for a 6-month term and 6.5%/year for a 12-month term.
On the market, Cake by VPBank is applying attractive 6-month term interest rates. The bank is listing the interest rate for late-term deposits for terms of 6-9 months at 7.2%/year. If you choose the form of receiving interest at the beginning of the term, receiving interest monthly or quarterly, customers will enjoy interest rates of 6.78%/year, 7.02%/year and 7.09%/year respectively.
For terms from 10-24 months, Cake by VPBank applies an interest rate of 7.4%/year.
Notably, Cake by VPBank is implementing a preferential program adding 2%/year for customers who deposit savings for the first time from 100,000 VND, applicable to terms from 6-12 months on the CAKE BANK application. The program takes place from August 1st to the end of August 31st, 2026. This preferential rate has increased by 0.2% compared to the previous month.
Thus, after adding incentives, the actual received interest rate at Cake by VPBank for some deposits from 6-9 months can be up to 9.2%, the term of 10-24 months up to 9.4%/year.
In the group of foreign banks operating in Vietnam, Woori Bank also lists attractive interest rates, up to 7.8%/year for terms from 24 to 60 months. However, this interest rate level applies to fixed-term accumulation deposit products, not ordinary term deposits.
According to Woori Bank's regulations, customers must accumulate enough target money each month to enjoy the listed interest rate. In case they do not accumulate enough target money, the account will be applied an interest rate for demand deposits.
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.
