In January 2025, 10 banks increased deposit interest rates, including Agribank, Bac A Bank, NCB, MBV, Eximbank (increased 2 times), KienlongBank (increased 2 times), VietBank, ABBank, BaoViet Bank, and BVBank.
Which bank pays interest from 8.0%?
According to Lao Dong, with a special interest rate, the highest in the market is the interest rate of 9.0%/year listed at PVcomBank. PVcomBank customers will enjoy a special interest rate of 9.0%/year when having a new deposit balance of 2,000 billion VND or more.
HDBank currently has 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 8.0%/year for a 13-month term and 7.0% 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 deposit interest rates, terms of 13 months or more, final interest for deposits of 200 billion VND or more, applying an interest rate of 7.5%/year.
Where is the best place to deposit money right now?
1 month term:
Eximbank is currently leading with the highest interest rate, reaching 4.5%/year (weekend). Second place is MBV, KienLongBank with 4.3%/year. Bac A Bank and OCB are in third place, applying an interest rate of 4.0%/year.
3 month term:
Eximbank continues to lead with the highest interest rate of 4.75%/year (weekend). MBV ranks second with 4.6%/year. Bac A Bank and NCB rank third, with interest rates of 4.2%/year and 4.3%/year, respectively.
6 month term:
CBBank stands out with the highest interest rate, reaching 5.85%/year, followed by KienLongBank with an interest rate of 5.8%/year. Bac A Bank ranks third with 5.55%/year. MBV and NCB follow, both applying an interest rate of 5.5%/year.
9 month term:
CBBank continues to lead with an interest rate of 5.85%/year. MBV ranks second with 5.6%/year. Bac A Bank ranks third, with an interest rate of 5.45%/year.
12 month term:
MBV and Gpbank are in the lead with an interest rate of 6%/year. Bac A Bank is in second place with 5.8%/year. CBBank is in third place, also with 6.0%/year.
18 month term:
Eximbank leads the long-term with an interest rate of 6.6%/year. Bac A Bank follows with an interest rate of 6.2%/year. MBV, Oceanbank, and KienLongBank are ranked third, with an interest rate of 6.1%/year.
