Interest rates may rise to 8.7%/year
According to the VND deposit interest rate schedule for VPBank's individual customers, applied from August 7, 2026, online deposits with interest paid at the end of the term under 1 billion VND have an interest rate of 6.2%/year for terms of 6-13 months.
On the VPBank Prime+ website, this bank is having a program to add interest rates to the "first" savings, implemented from June 12, 2026 to December 31, 2026. Customers depositing online savings for the first time on VPBank NEO can automatically add 2.5%/year to the listed interest rate.
Thus, if you take an online interest rate of 6.2%/year for a term of 6-13 months plus 2.5%/year, VPBank's savings interest rate can reach 8.7%/year.
According to VPBank Prime+, the program applies to customers who have never deposited savings at VPBank, including both online channels and at the counter. Customers need to successfully open the first new deposit during the program through VPBank NEO.
Incentives apply to online deposits through VPBank NEO worth from 500,000 VND or more, term from 1 month. Applicable products include regular term deposits, Phat Loc Thinh Vuong and Thinh Vuong Linh Hoat.
Deposit 300 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
If you deposit 300 million VND, term of 13 months, interest rate of 8.7%/year, the interest is calculated as follows:
300 million VND x 8.7%/year x 13 months/12 months = 28,275 million VND
Thus, with a deposit of 300 million VND, customers can receive about 28.3 million VND in interest after 13 months if an interest rate of 8.7%/year is applied.
Some other reference interest rates for a 13-month term, interest rate of 8.7%/year:
Deposit 10 million VND, interest is about 942,500 VND.
Deposit 50 million VND, interest is about 4.71 million VND.
Deposit 100 million VND, interest is about 9.43 million VND.
Deposit 300 million VND, interest is about 28.3 million VND.
Depositors should note that the rate of 8.7%/year is the interest rate after adding incentives, not the general listed interest rate. VPBank Prime+ states that each customer will only receive incentives once during the implementation period; incentives only apply to the first deposit opened that meets the conditions and do not apply simultaneously to other VPBank deposit interest rate programs, policies or authority.
The above interest amount is for reference only. Customers should check the program conditions, interest rate schedule at the time of transaction, deposit term and pre-term settlement regulations before depositing savings.
