Cake by VPBank has just adjusted to increase deposit interest rates for some deposit terms. Accordingly, interest rates for terms of 7-9 months increased by 0.2%/year, to 7.3%/year; terms of 10-12 months increased by 0.4%/year, to 7.5%/year.
This bank is also applying a preferential program for first-time depositors. Accordingly, first-time depositors with a term of 6 months are given an additional 0.9%/year, raising the actual received interest rate to 8.4%/year. The program is valid until March 31, 2026.
Techcombank has also just increased online deposit interest rates for late-term interest payments for all deposit terms. According to the new interest rate schedule, terms under 6 months simultaneously increased by 0.2%/year. After adjustment, the 1-2 month term increased to 4.35%/year, and the 3-5 month term increased to 4.65%/year.
For the term group of 6 months or more, the increase is stronger. The term of 6-11 months increased by 0.6%/year, to 6.25%/year; the term of 12-36 months increased by 0.6%/year, to 6.35%/year.
Techcombank continues to maintain a policy of adding interest rates for customers who meet the conditions. Accordingly, customers who deposit savings for terms of 3, 6 or 12 months and do not pay in advance can receive an additional maximum of 1%/year. Including incentives, the highest deposit interest rate at Techcombank is up to 7.5%/year if customers meet all conditions.
PGBank currently applies an interest rate of 7.1%/year for terms of 6-9 months; terms of 12-13 months are 7.2%/year; terms of 18-36 months are 6.8%/year.
Meanwhile, BVBank is deploying an online deposit certificate product with the highest interest rate of up to 7.6%/year. Customers can purchase deposit certificates via digital channel with a minimum amount of 10 million VND, applicable to four terms including 6, 9, 12 and 15 months. The corresponding interest rate is 7.4%/year for terms of 6, 9 and 12 months, and 7.6%/year for terms of 15 months.
In addition to additional interest rate programs, some banks have listed official savings interest rates exceeding 7%/year such as OCB, Bac A Bank, PGBank, MBV and Cake by VPBank.
This development shows that the deposit interest rate level is still maintained at a high level, especially for medium and long-term terms.
