A series of banks continuously adjust interest rates
Eximbank is the bank that has reduced deposit interest rates the most in recent times, with 4 adjustments since February 18. The highest mobilization interest rate that was once up to 6.8%/year has now decreased to 5.7%/year for a term of 24-36 months. The interest rate of 6.4%/year (15-month term) and 6.7%/year (18-month term) were also reduced to 5.5% and 5.6%/year, respectively.
NCB has reduced interest rates twice since the beginning of January. Most recently, on March 5, this bank simultaneously adjusted down 0.1%/year for all terms. Previously, on January 2, NCB reduced 0.1%/year for terms from 12-60 months.
Kienlongbank also had two consecutive interest rate cuts in less than a week. On March 3, the bank continued to adjust the 13-36-month term down by 0.1-0.2 percentage points. Previously, on February 26, Kienlongbank reduced 0.2%/year for 1-5 month and 10-11 month term deposits; decreased 0.4%/year for 6-9 month and 12-24 month terms; and sharply decreased 0.6%/year for 36-month terms. The 60-month savings interest rate was also adjusted down to 0.7%/year.
Since the beginning of March, 12 banks have reduced their deposit interest rates, including: PGBank, Viet A Bank, Kienlongbank, Bac A Bank, Eximbank, IVB, LPBank, Nam A Bank, NCB, SHB, VCBNeo, VIB.
Highest special interest rate 7-9%
The highest interest rate for 12-month terms is up to 7-9%, but to enjoy this interest rate, customers must meet special conditions.
PVcomBank leads with 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. In addition, the 18-month term is subject to a 6% interest rate.
MSB listed an interest rate of 7%/year for a term of 12 and 13 months. The condition is that the minimum deposit is 500 billion VND from newly opened or automatically renewed savings books from January 1, 2018.
Dong A Bank applies an interest rate of 7.5%/year for term deposits of 13 months or more, with a minimum amount of 200 billion VND; Bac A Bank is listing the highest interest rate of 6% for a term of 18-36 months for deposits over 1 billion VND; IVB applies an interest rate of 6.15% for a term of 36 months, with conditions applied to deposits of 1,500 billion VND or more.
Banks with interest rates exceeding 6%
Currently, interest rates above 6%/year are being listed by many banks for long-term deposits but do not require a minimum deposit amount.
BVBank applies an interest rate of 6% for an 18-month term, 6.05% for a 24-month term; Cake by VPBank applies an interest rate of 6%/year for a 12-18 month term and 6.3%/year for a 24-36 month term.
VRB and Dong A Bank apply an interest rate of 6% for a 24-month term; VietABank applies an interest rate of 6% for a 18- and 24-month term at 6%/year, 6.1% for a 36-month term; HDBank applies an interest rate of 6% for a 15-month term and 6.1% for a 18-month term; BAOVIET Bank applies an interest rate of 6% for a 15, 18, 24 and 36-month term; ABBank applies an interest rate of 6% for a 12-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
Want to deposit savings for 12 months, which bank has the highest interest rate?
Latest update on Agribank interest rates, Sacombank interest rates, SCB interest rates, Vietcombank interest rates... highest for 24-month terms.
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.
