According to Lao Dong, since the beginning of the year, the market has recorded 7 banks simultaneously increasing savings interest rates, including: Agribank, Bac A Bank, NCB, MBV, Eximbank, KienlongBank, VietBank. Notably, KienlongBank and Eximbank increased interest rates twice in a row in the month. Of which, Eximbank's interest rate is the highest at 6.8%/year.
Deposit interest rates at banks have started to increase slightly since mid-2024 and this trend has spread to longer terms. However, the differentiation between banking groups is quite clear.
Small banks often apply interest rates 1% to 3% higher than large banks for the same term. Currently, the highest mobilization interest rates are concentrated on 12 and 18 month terms, exceeding the threshold of 6%/year at some banks.
Where is the best place to deposit money right now?
1 month term:
Eximbank is currently leading with the highest interest rate, reaching 4.5%/year (weekend). Second place is MBV, KienLongBank with 4.3%/year. Bac A Bank and OCB are in third place, applying an interest rate of 4.0%/year.
3 month term:
Eximbank continues to lead with the highest interest rate of 4.75%/year (weekend). MBV ranks second with 4.6%/year. Bac A Bank and NCB rank third, with interest rates of 4.2%/year and 4.3%/year, respectively.
6 month term:
CBBank stands out with the highest interest rate, reaching 5.85%/year, followed by KienLongBank with an interest rate of 5.8%/year. Bac A Bank ranks third with 5.55%/year. MBV and NCB follow, both applying an interest rate of 5.5%/year.
9 month term:
CBBank continues to lead with an interest rate of 5.85%/year. MBV ranks second with 5.6%/year. Bac A Bank ranks third, with an interest rate of 5.45%/year.
12 month term:
MBV and Gpbank lead with interest rates of 6%/year. Bac A Bank ranks second with 5.8%/year. CBBank ranks third, also with 6.0%/year.
18 month term:
Eximbank leads the long-term with an interest rate of 6.6%/year. Bac A Bank follows with an interest rate of 6.2%/year. MBV, Oceanbank, and KienLongBank are ranked third, with an interest rate of 6.1%/year.
Where to deposit money to receive interest over 7.0%/year?
According to Lao Dong, with a special interest rate, the highest in the market is the interest rate of 9.0%/year listed at PVcomBank. PVcomBank customers will enjoy a special interest rate of 9.0%/year when having a new deposit balance of 2,000 billion VND or more.
HDBank also listed an interest rate of 8.1%/year for a 13-month term. Applicable to savings of at least VND500 billion/savings card, not applicable to mobilization in the form of initial interest or periodic interest.
Dong A Bank is listing a special interest rate of 7.5%/year for customers depositing for a term of 13 months or more, with interest at the end of the term for deposits of VND 200 billion or more, for a period of 365 days/year.
MSB currently offers a special interest rate of 7.0%/year to customers with newly opened savings books or savings books opened from January 1, 2018, automatically renewed with a deposit term of 12 months, 13 months and a deposit amount of VND 500 billion or more.
Lower savings rates, from 7.0%/year, are also listed at many banks.
