Savings interest rates up to 9.4%/year
According to the term deposit interest rate schedule at Cake by VPBank, the standard savings interest rate is being applied from 5:00 PM on April 10, 2026. With the form of receiving interest at the end of the term, the 6-9 month term has an interest rate of 7.2%/year; the 10-24 month term has an interest rate of 7.4%/year; the 36 month term has an interest rate of 6.3%/year.
Notably, Cake by VPBank is displaying a promotion program with additional interest rates for savings depositors. In which, customers who deposit for the first time from 100,000 VND, term from 6 months, will receive an additional 2%/year; customers who deposit from 5 million VND, term 6 months, have an additional 1.8%/year incentive. The application period of these incentives is until the end of August 31, 2026.
Thus, for a 12-month term, the standard interest rate of 7.4%/year may increase to 9.4%/year if customers deposit for the first time and meet preferential conditions plus 2%/year.
For a 6-month term, the standard Cake by VPBank interest rate is 7.2%/year. If customers receive an additional 2%/year, the interest rate can reach 9.2%/year; if they receive an additional 1.8%/year, the interest rate can reach 9%/year.
Deposit 500 million VND, how much interest will you receive?
To calculate savings interest, customers can refer to the formula:
Interest = Deposit amount x interest rate %/year x number of months deposited/12 months
For a deposit of 500 million VND, term of 12 months, interest rate of 9.4%/year, the interest amount is calculated as follows:
500 million VND x 9.4%/year x 12 months/12 months = 47 million VND
Thus, customers depositing 500 million VND at Cake by VPBank for a 12-month term can receive about 47 million VND in interest if the interest rate of 9.4%/year is applied.
Some other reference interest rates for deposits of 500 million VND at Cake by VPBank:
Deposit 500 million VND for a 6-month term, standard interest rate 7.2%/year, receive about 18 million VND.
Deposit 500 million VND for a 6-month term, if you receive an interest rate of 9.2%/year, you will receive about 23 million VND.
Deposit 500 million VND for a 12-month term, standard interest rate 7.4%/year, receive about 37 million VND.
Deposit 500 million VND for a 12-month term, if you receive an interest rate of 9.4%/year, you will receive about 47 million VND.
Deposit 500 million VND for a 24-month term, standard interest rate 7.4%/year, receive about 74 million VND.
Deposit 500 million VND for a 36-month term, standard interest rate 6.3%/year, receive about 94.5 million VND.
Depositors need to note that the interest rate of 9.4%/year is not the standard interest rate applied widely for all deposits. This is the level calculated after adding incentives for customers who meet the program's conditions. Before depositing savings, customers should check the Cake by VPBank interest rate at the time of transaction, additional interest rate conditions, deposit term and pre-term settlement regulations.
