Banks increase interest rates to the highest in the market
Cake by VPBank has just continued to adjust deposit interest rates up sharply. Accordingly, the bank increased interest rates for terms from 6-36 months by 0.2%/year, bringing interest rates for these terms to 6.7%/year, which is also the highest rate on the market today.
Notably, the bank also applies a preferential policy, plus up to 0.6%/year interest rate for customers making first-time deposits. Thus, the highest interest rate that customers can receive at Cake by VPBank is up to 7.3%/year for terms from 6-36 months.
For short terms, Cake by VPBank currently applies an interest rate of 4.75/year for 1 and 2 month terms. This is also the ceiling interest rate for terms under 6 months according to the regulations of the State Bank.
Thus, since the beginning of December, 6 banks have increased deposit interest rates, including: Nam A Bank, MB, BVBank, Saigonbank, NCB and Cake by VPBank.
Highest special interest rate 6.5-9%
The highest deposit interest rate at banks ranges from 6-9%/year. However, to enjoy this interest rate, customers must meet special conditions.
PVcomBank applies a special interest rate of 9%/year for a term of 12-13 months when depositing money at the counter. The applicable condition is that customers must maintain a minimum balance of VND 2,000 billion.
HDBank applies an interest rate of 8.1%/year for a 13-month term and 7.7%/year for a 12-month term, with the condition of maintaining a minimum balance of VND500 billion.
Vikki Bank applies an interest rate of 7.5%/year for term deposits of 13 months or more, with a minimum amount of 999 billion VND; Bac A Bank is applying the highest interest rate of 6.5%/year for terms from 18 to 36 months, 6.3%/year with terms of 1315 months and 6.1%/year, term of 6-8 months at 6%/year, term of 9-11 months is 6.05%/year, term of 12 months is 6.2%/year.
IVB applies an interest rate of 6.15%/year for a term of 36 months, conditions applied to deposits of VND 1,500 billion or more; ACB applies an interest rate of 6%/year for a term of 13 months receiving interest at the end of the term when customers have a deposit balance of VND 200 billion or more.
At LPBank, for deposits of VND300 billion or more, the mobilization interest rate applied to customers receiving interest at the end of the term is 6.5%/year, receiving monthly interest of 6.3%/year and receiving interest at the beginning of the term is 6.07%/year.
Viet A Bank applies an interest rate of over 6%/year for Dac Tai Savings products. Of which, the 6-month term interest rate is 6.0%/year; 7 months is 6.1%/year; 12 months is 6.5%/year; 13 months is 6.6%/year; 15 months is 6.7%/year and 18 months reach the highest level of 6.8%/year. To participate, customers need to deposit at least 100 million VND and make transactions at the counter, with the form of receiving interest at the end of the term.
For deposits over 1 billion VND at Bac A Bank, the bank applies an interest rate of 6.4%/year for 6-8 month terms; 6.45%/year for 9-11 month terms; 6.5%/year for 12-month terms; 6.6%/year for 13-15 month terms; 6.7%/year for 18-36 month terms.
Nam A Bank applies an interest rate of 6.5%/year and 6.3%/year for a term of 24 months and 36 months, receiving interest at the end of the term. Conditions apply to deposits of VND500 billion or more.
Banks with interest rates from 6% do not apply special conditions
Currently, interest rates above 6%/year are being listed by some banks for long-term deposits, without a minimum deposit requirement.
Vikki Bank applies an interest rate of 6.1%/year for a 6-month term, 6.3%/year for a 12-month term and 6.4%/year for a 13-month term; Cake by VPBank applies an interest rate of 6.7%/year for terms from 6-36 months.
HDBank applies an interest rate of 6%/year for a 15-month term and 6.1%/year for a 18-month term; BVBank also pays an interest rate of 6% for a 24-month term for online interest rates, 6% for a 49-month term and 6.1% for a 60-month term for counter deposit interest rates; Viet A Bank maintains the only 6.0%/year for a 36-month term.
Bac A Bank applies an interest rate of 6.3%/year for a 12-month term; 6.4%/year for a 13-15-month term; 6.5%/year for a 18-36 month term; VCBNeo lists an interest rate of 6.2%/year for a 6-month term; 6.2%/year for a 12-60 month term; PVcomBank applies an interest rate of 6.3% for a 15-36 month term.
Statistics of banks with the highest savings interest rates today:
Compare the highest bank interest rates for 3-month terms
Interest rates for savings deposits at banks for 6-month terms
For 12-month savings, which bank has the highest interest rate?
Agribank interest rates, Sacombank interest rates, SCB interest rates, Vietcombank interest rates... are the highest for a 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 on interest rates HERE.
