Bank interest rates today, December 31st: More banks push 6-month term interest rates above 7%

More banks push 6-month term interest rates above 7%

Hong Leong Bank Vietnam has just sharply adjusted and increased VND deposit interest rates, bringing the highest level to 7%/year, applied to online deposits with a term of 6 months, receiving interest at the end of the term.

Notably, the 6-month term interest rate is even higher than many long terms. The 9-month term is listed at 6.3%/year, the 12-month term at 6.6%/year and the 13-month term at 6.5%/year. For short terms of 1-3 months, Hong Leong applies a ceiling of 4.75%/year according to the regulations of the State Bank.

In the group of foreign banks, Woori Bank, also adjusted to increase significantly. This bank is listing interest rates of 2.3%/year for 1-month terms, 3.8%/year for 3-month terms, 4.5%/year for 6-9 month terms, 5.3%/year for 12-month terms and 5.8%/year for 24-month terms. Newly registered Internet Banking customers can be added up to 0.2%/year, raising the maximum interest rate to 6%/year.

In addition, Woori Bank also applies high interest rates for accumulated deposit products, with the highest level possibly reaching 6.5%/year if customers deposit from 5 billion VND or more.

At UOB Vietnam, online deposit interest rates for terms of 1–5 months have reached the ceiling of 4.75%/year, while terms of 6–11 months increased to 5.6%/year and terms of 12 months reached 5.8%/year.

CIMB Vietnam also adjusted to increase interest rates by 0.4–0.5%/year, bringing the highest level to 5.7%/year for terms of 6–9 months and 5.6%/year for terms of 12 months. For priority customers, interest rates may reach 6–6.1%/year.

At Public Bank Vietnam, the interest rate for terms of 3-5 months has reached the ceiling of 4.75%/year; the 12-month term reached 5.7%/year; especially the 18-month term reached 6.2%/year. This bank also recorded a fairly strong interest rate increase in December, with some terms increasing by 0.8%/year.

Some other banks such as IVB, VRB or Shinhan Bank also adjusted to increase interest rates, bringing the highest level to fluctuate from 5.7-6.2%/year, depending on the term and deposit conditions. HSBC still maintains a significantly lower interest rate level, with the highest level of only 3.75%/year for long terms.

The highest special interest rate is 6.5–9%/year

The highest deposit interest rate at banks currently fluctuates in the range of 6.5–9%/year, but to enjoy this interest rate, customers must meet special conditions on deposit size.

PVcomBank applies a special interest rate of 9%/year for terms of 12-13 months when depositing money at the counter, with the condition of maintaining a minimum balance of 2,000 billion VND.

HDBank applies an interest rate of 8.1%/year for the 13-month term and 7.7%/year for the 12-month term, with the condition that the minimum balance is 500 billion VND.

Vikki Bank applies an interest rate of 8.4%/year for deposits from 13 months or more, with a minimum deposit amount of VND 999 billion.

For deposits from 500 million VND at OCB, this bank lists interest rates of 6.7%/year for terms of 12-15 months; term of 18 months 6.9%/year; term of 21 months 7%/year; term of 24 months 7.1%/year; term of 36 months 7.3%/year.

Viet A Bank applies an interest rate of over 6%/year for Dak Tai Savings product, with an interest rate ranging from 6.0%/year for a 6-month term to 6.8%/year for an 18-month term. The application condition is a minimum deposit amount of 100 million VND, transactions at the counter and interest payment at the end of the term.

For deposits of over 1 billion VND at Bac A Bank, the interest rate is increased to 6.4%/year for terms of 6-8 months; 6.45%/year for terms of 9-11 months; 6.5%/year for terms of 12 months; 6.6%/year for terms of 13-15 months and 6.7%/year for terms of 18-36 months.

Nam A Bank applies an interest rate of 6.5%/year for a 24-month term and 6.3%/year for a 36-month term, with the condition that the deposit amount is from 500 billion VND or more.

Many banks list interest rates above 6.5%/year without conditions

In addition to special interest rate packages, many banks are currently listing interest rates above 6.5%/year for long terms without requiring a minimum deposit amount.

Vikki Bank applies an interest rate of 6.5%/year for 6-month terms; 6.6%/year and 6.7%/year respectively for 12-month and 13-month terms. Cake by VPBank maintains an interest rate of 6.7%/year for terms from 6–36 months.

Bac A Bank lists an interest rate of 6.5%/year for terms from 6-11 months; 6.5%/year for terms of 12 months; 6.6%/year for terms of 13-15 months and 6.7%/year for terms from 18-36 months.

OCB applies an interest rate of 6.5%/year for terms of 12-15 months; term of 18 months 6.7%/year; term of 21 months 6.8%/year; term of 24 months 6.9%/year; term of 36 months up to 7.1%/year.

VIB applies an interest rate of 6.5%/year for 12-month terms; PVcomBank applies an interest rate of 6.8%/year for terms from 15–36 months.

PGBank applies an interest rate of 7.1%/year for terms of 6-9 months; term of 12-13 months is 7.2%/year; term of 18-36 months up to 7.3%/year.

Statistics of banks with the highest savings deposit interest rates today:

Comparison of the highest bank interest rate for a 3-month term

Savings deposit interest rates at banks for a 6-month term

12-month savings deposit, which bank's interest rate is the highest?

Agribank bank interest rates, Sacombank interest rates, SCB interest rates, Vietcombank interest rates... highest for the 24-month term