6-month term savings interest rate up to 8.2%

The wave of raising deposit interest rates is spreading in the market, mainly concentrated in online savings programs with additional interest policies. This development has caused deposit interest rates for some short terms, including 6-month terms, to rise to a rare high in recent times.

NCB announces a program to add interest rates up to 2%/year for individual customers depositing online savings through the digital banking application. The application conditions are expanded for deposits with terms of 6 months or more and last until January 31, 2026. With this additional level, online deposit interest rates at NCB for terms of 6–8 months reach 8.2%/year; terms of 9–11 months at 8.25%/year; and terms from 12–36 months up to 8.3%/year. This is currently the highest deposit interest rate on the market, applicable to individual customers depositing online savings.

Cake by VPBank also pushed the actual received interest rate above 8%/year through a policy of adding 0.9%/year for customers depositing money from a 6-month term. Previously, this bank was listing the highest interest rate in the range of 7.1–7.3%/year. After adding incentives, the interest rate customers enjoy ranges from 8–8.2%/year, depending on the term and applicable conditions.

At PVcomBank, the bank is implementing an additional program of up to 1.5%/year for customers who deposit online on Fridays every week. The application condition is to deposit money through digital channels, term from 12 months or more and a minimum deposit amount of 100 million VND. With this additional amount, 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 you choose terms from 15–36 months, the actual received interest rate is up to 8.3%/year, a rare level in the market for small deposits.

Meanwhile, BVBank is deploying an online deposit certificate product with the highest interest rate of up to 7.8%/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 rates are 6.5%/year for terms of 6 and 9 months; 6.8%/year for terms of 12 months; and highest 7.8%/year for a 15-month term.

In addition to additional interest rate programs, currently some banks have listed savings interest rates officially exceeding the threshold of 7%/year such as OCB, Bac A Bank, PGBank, MBV and Cake by VPBank, showing that the deposit interest rate level continues to be maintained at a high level.