Interest rates continue to rise
Techcombank's mobilization interest rates have been adjusted to increase for terms under 6 months. Accordingly, for online interest rates for deposits under 1 billion VND, the 1-2 month term increased by 0.1%/year to 3.35%/year; the 3-5 month term increased by 0.1%/year to 3.65%/year.
Deposits from 1-3 billion and over 3 billion VND also have similar increases. After adjustment, the interest rate for deposits from 1-3 billion VND with a term of 1-2 months is 3.45%/year; for a term of 3-5 months is 3.75%/year. From 3 billion VND or more, the term of 1-2 months is 3.55%/year; for a term of 3-5 months is 3.85%/year.
Since the beginning of November 2024, 2 banks have increased interest rates, including: Techcombank and ABBank. Previously, in October, the market recorded 8 increases in deposit interest rates, including: NCB, Agribank, Techcombank, MSB, LPBank, Eximbank, ABBank and Bac A Bank. On the contrary, 6 banks have reduced interest rates, including: Agribank, Techcombank, NCB, VPBank, CB and LPBank.
Compared to the previous month, the interest rate increase in October slowed down, while the number of banks reducing interest rates was greater.
Highest special interest rate 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 6.35% for a 24-month term, applicable to deposits over 1 billion VND. In addition, an interest rate of over 6%/year is 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; ABBank applies an interest rate of 6.3% for a 24-month term.
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; SaigonBank applies an interest rate of 6% for 13, 18 and 24-month terms, and 6.1% for 36-month terms.
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.
