The savings interest rate market has recently continued to be vibrant, many banks have implemented additional incentive programs, bringing actual received interest rates up significantly.
Cake by VPBank is applying a policy of adding 0.9%/year for customers depositing money from a 6-month term, implemented until the end of February 28, 2026. After adding, the actual received interest rate fluctuates in the range of 8-8.2%/year depending on the term and applicable conditions.
At PVcomBank, the bank implements an additional program of up to 1.5%/year for customers who deposit online on Fridays every week. The condition is to deposit money via digital channel, with a term of 12 months or more and a minimum amount of 100 million VND.
With this policy, a deposit of 100 million VND can enjoy an interest rate of 7.6%/year for a 12-month term and 7.8%/year for a 13-month term. If choosing terms from 15–36 months, the actual received interest rate is up to 8.3%/year – among the highest in the market today for a deposit of 100 million VND.
BVBank is deploying an online deposit certificate product with the highest interest rate of 7.8%/year. Customers can purchase via digital channel with a minimum amount of 10 million VND, applicable to terms of 6, 9, 12 and 15 months. The corresponding interest rates are 6.5%/year for terms of 6 and 9 months; 6.8%/year for terms of 12 months; and 7.8%/year for terms of 15 months.
In the normal listing table, some banks have raised interest rates beyond the 7%/year mark such as OCB, Bac A Bank, PGBank, MBV and Cake by VPBank. The deposit interest rate level is therefore continuing to be maintained at a high level, focusing on medium and long-term terms.
The market also recorded some banks applying special interest rates of 8–9%/year such as MSB, HDBank and Vikki Bank. However, these levels come with the condition that the minimum deposit amount is from a few billion to tens of billions of VND, which is not common for ordinary savings depositors.
