Saigonbank has just adjusted the deposit interest rate schedule. The bank strongly increased the online savings interest rate for a 13-month term from 7%/year to 7.9%/year. This is currently the highest interest rate in Saigonbank's listed schedule, and also the highest listed deposit interest rate on the market.
In the opposite direction, banks reduced deposit interest rates for terms from 7-11 months and from 18-36 months. Online savings interest rates for terms of 7-11 months simultaneously decreased by 0.2% to 6.2%/year.
Meanwhile, online interest rates for terms of 18-36 months also decreased by 0.5%. After adjustment, the interest rate for 18-month terms is 6.5%/year, 24-month terms is 6%/year and 36-month terms is 6.1%/year.
For the remaining terms, Saigonbank maintains the online savings interest rate of 1-5 months at 4.75%/year, the 6-month term is 6.4%/year and the 12-month term is 6.7%/year.
Thus, Saigonbank is the first bank to adjust deposit interest rates in May, and also the first unit to increase deposit interest rates since the meeting on April 9 between the State Bank and commercial banks on the direction of interest rate reduction.
Recently, Vietcombank also announced the "FLEXIBLE DEPOSIT DEPOSIT" product on the VCB Digibank application with a special interest rate of up to 7.4%/year, applicable until May 15, 2026. According to the information displayed on the application, customers can open this deposit online 24/7, with flexible deduction of principal when needed while interest is still preserved.
This is a noteworthy move by a bank belonging to the Big4 group in the context that the general level of deposit interest rates in the market is tending to adjust sharply recently.
Recently, Vietcombank also announced the "FLEXIBLE Deposit Withdrawal" product on the VCB Digibank application with a special interest rate of up to 7.4%/year, applicable until May 15, 2026. According to the information displayed on the application, customers can open this deposit online 24/7, with flexible principal withdrawal when needed while the interest is still preserved.
This move is considered noteworthy when it appeared at a bank in the Big4 group, in the context of the deposit interest rate level in the market recently continuously fluctuating strongly.
Statistics of banks with the highest savings interest rates today
Comparing the highest 3-month term bank interest rates
The highest 6-month term bank savings interest rate today
For 12-month savings, which bank has the highest interest rate?
Highest bank interest rate for 24-month term
Interest rate information is for reference only and may change in each period. Please contact the nearest bank transaction point or hotline for specific advice.
Readers can refer to more articles about interest rates HERE.
