Bank interest rates continue to increase sharply
IVB's deposit interest rate suddenly increased sharply to 6.5%/year for a 24-month term, this is the highest deposit interest rate on the market today for deposits without special conditions.
Accordingly, the interest rate for individual customers receiving interest at the end of the term, the deposit term from 24 months increased by 0.2%/year, to 6.5%/year; the 18-month term also increased by 0.2%/year, to 6.3% for individual customers receiving interest at the end of the term; the 13-month term increased by 0.15%/year, to 6.05%/year;
Short-term rates also increased by 0.15%/year - 0.25%/year. 1-month term increased by 0.2%/year, up to 4%/year; 2-month term increased by 0.2%/year, up to 4.1%/year; 3-month term increased by 0.25%/year, up to 4.35%/year; 6-9-month term increased by 0.25%, up to 5.35%/year; 12-month term increased by 0.15%/year, up to 5.95%/year.
TPBank also adjusted the mobilization interest rate up by 0.2%/year for 1-3 month terms, and 0.1%/year for the remaining terms. After the adjustment, the online mobilization interest rate, 1-month term increased to 3.7%/year; 3-month term increased to 4%/year; 6-month term increased to 4.8%/year; 12-month term increased to 5.3%/year; 18-month term increased to 5.5%/year; 24-36 month term is 5.8%/year.
Thus, in December, 3 banks increased interest rates, including: ABBank, IVB and TPBank. Of which, ABBank only slightly increased 0.1%/year for 3-month and 12-month term deposits.
On the other hand, ABBank sharply reduced the interest rate for 15-24 month deposits by 0.5-0.6%/year, and reduced the interest rate for 5 month deposits by 0.1%. Besides ABBank, VIB is the second bank to reduce interest rates this month.
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, IVB applies an interest rate of 6.5%/year for terms of 24 months or more, 6.3%/year for terms of 18 months and 6.05% for terms of 13 months; Cake by VPBank applies an interest rate of 6.1% for terms of 12 months; OceanBank applies an interest rate of 6.1% for terms of 24 months; GPBank applies an interest rate of 6.05% for terms of 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.
