The deposit market is recording a trend of increasing incentives through additional interest rate programs, mainly concentrated in online savings channels. This development has caused the actual received interest rate for some terms, including the 6-month term, to exceed the 8%/year mark.
Cake by VPBank is applying a policy of adding 0.9%/year for customers depositing money from a 6-month term, the implementation period is until the end of February 28, 2026. Before applying incentives, this bank listed the highest interest rate in the range of 7.1–7.3%/year. After adding, the interest rate customers enjoy ranges from 8–8.2%/year depending on the term and application 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 applicable condition is to deposit money through digital channels, with a term of 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 choosing terms from 15–36 months, the actual received interest rate is up to 8.3%/year, a high level on 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 rate is 6.5%/year for terms of 6 and 9 months; 6.8%/year for a term of 12 months; and highest 7.8%/year for a 15-month term.
In addition to additional interest rate programs, some banks have officially listed savings interest rates exceeding the threshold of 7%/year such as OCB, Bac A Bank, PGBank, MBV and Cake by VPBank. This development shows that the deposit interest rate level continues to be maintained at a high level, especially for medium and long-term terms.
