ABBank and VIB interest rates unexpectedly adjusted
ABBank's mobilization interest rates have just adjusted in opposite directions, increasing for 3-month and 12-month terms; decreasing for 5-month terms and 15-24-month terms.
Accordingly, the 5-month term deposit interest rate decreased by 0.1%/year, down to 4.2%/year; ABBank adjusted a sharp decrease of 0.6% for terms from 13-16 months, this bank lost the interest rate mark of 6.2%/year for terms from 15-18 months and 6.3%/year for terms from 24 months. After adjustment, ABBank's online deposit interest rate for terms from 13-60 months decreased to 5.7%/year;
On the other hand, ABBank also adjusted the interest rates for some short terms up. The 3-month term increased by 0.1%/year, up to 4.2%/year; the 12-month term was also adjusted up slightly by 0.1%/year, up to 5.8%/year.
Similarly, VIB's interest rate also decreased by 0.1%/year for 3-5 month term deposit interest rates. After conditions, the 3-4-5 month term savings interest rate decreased to 3.8%/year.
Thus, VIB and ABBank are the first banks to adjust interest rates in the new month.
Previously, in November, 16 banks increased their deposit interest rates, including: Agribank, ABBank, Techcombank, MBBank, VIB, VietBank, VietABank, IVB, Nam A Bank, GPBank, LPBank, HDBank, BAOVIET Bank and SeABank, CBBank and KienLongBank. Of which, Agribank, VIB and ABBank and MBBank have increased their interest rates twice since the beginning of the month. On the contrary, ABBank and Bac A Bank are the two banks that reduced their deposit interest rates in November.
Special interest rate highest 7-9.5%
Many banks list interest rates at high levels, up to 7-9.5%. However, to receive this interest rate, special conditions must be met.
PVcomBank is currently leading in special interest rates when customers deposit money at the counter, with 9.5% for a term of 12-13 months. However, the condition to receive this interest rate is that customers must have a minimum deposit balance of VND 2,000 billion.
Next is HDBank with a particularly high interest rate, up to 8.1%/year for a 13-month term and 7.7% for a 12-month term, with a minimum balance of VND500 billion. This bank also applies a 6% interest rate for an 18-month term.
MSB applies interest rates for deposits at the counter up to 8%/year for a 13-month term and 7% for a 12-month term. The applicable conditions are that the savings book is newly opened or the savings book is opened from January 1, 2018, automatically renewed with a term of 12 months, 13 months and the deposit amount is from 500 billion VND.
Dong A Bank has a deposit interest rate of 13 months or more, with the final interest rate applied to deposits of 200 billion VND or more at 7.5%/year. This bank also applies an interest rate of 6.1% for a 24-month term.
Bac A Bank applies an interest rate of 6.25% for a term of 18-36 months, applicable to deposits over 1 billion VND.
Interest rate over 6% without special conditions
Interest rates above 6%/year are also being listed by some banks for long-term deposits but without a minimum deposit requirement.
Currently, Cake by VPBank applies an interest rate of 6.1% for a 12-month term; OceanBank applies an interest rate of 6.1% for a 24-month term; IVB applies an interest rate of 6.3%/year for a term of 24 months or more and 6.1%/year for a term of 18 months; GPBank applies an interest rate of 6.05% for terms from 13-36 months.
BVBank and Cake by VPBank also apply an interest rate of 6% for 24-month and 12-month terms; VRB and Dong A Bank apply an interest rate of 6% for 24-month terms; VietABank applies an interest rate of 6% for 36-month terms; SaigonBank applies an interest rate of 6% for 13, 18 and 24-month terms, and 6.1% for 36-month terms; HDBank applies an interest rate of 6% for 15-month terms and 6.1% for 18-month terms; BAOVIET Bank applies an interest rate of 6% for 15, 18, 24 and 36-month terms.
Eximbank applies interest rates on weekends (Saturday and Sunday) for 15-month terms at 6.3%/year; for 18-month terms up to 6.4%/year.
Statistics of banks with the highest savings interest rates today:
Compare highest bank interest rates for 3-month term
Interest rates on 6-month savings deposits at banks
Want to save for 12 months, which bank has the highest interest rate?
Latest update of Agribank interest rates, Sacombank interest rates, SCB interest rates, Vietcombank interest rates... highest for 24-month term.
Interest rate information is for reference only and may change from time to time. Please contact the nearest bank transaction point or hotline for specific advice.
Readers can refer to more articles about interest rates HERE.
