12-month term up to 10%/year
A public interest rate survey by some banks shows that the 12-month term continues to record the highest interest rate of up to 10%/year. However, this is a special interest rate, accompanied by the condition of a very large deposit amount or a specific deposit form.
According to PVcomBank's deposit interest rate schedule for individual customers, applied from April 11, 2026:
The Public Deposit product at the counter, term of 12 months, interest payment at the end of the term, is listed at 10%/year. For the same term, PVcomBank also separates the 12-month line with an interest rate of 5.3%/year.
The note section in PVcomBank's interest rate table clearly states that the interest rate of 10%/year for the Public Deposit product with a term of 12 months, 13 months to receive interest at the end of the term is only applied at the counter for newly opened deposit balances from 2,000 billion VND or more. Meanwhile, the term of 12 months, 13 months applies to deposit balances under 2,000 billion VND.
If you deposit 2,000 billion VND in 12 months with an interest rate of 10%/year and receive interest at the end of the term, the expected interest amount can reach about 200 billion VND.
Some other banks also have interest rates with their own conditions.
Not only PVcomBank, some other banks also publicly announced high interest rates with separate conditions on deposit amounts.
At MSB, the interest rate schedule announced on the bank's website records the product "Highest interest rate" at the counter. For a 12-month term, the listing is 6.5%/year; however, the notes section states that newly opened savings books or savings books opened from January 1, 2018 automatically renewed with a deposit term of 12 months, 13 months and deposits from 500 billion VND are subject to an interest rate of 9%/year.
Cake by VPBank also has a noteworthy online savings interest rate. According to the standard deposit interest rate table publicly posted on Cake's website, the 12-month term with interest paid at the end of the term is listed at 7.4%/year.
In July 2026, this digital bank also announced additional interest rate programs of up to 1.8%/year for customers who meet preferential conditions. Thus, if adding the maximum preferential level, the 12-month term interest rate at Cake by VPBank can be up to 9.2%/year.
For a 6-month term, the standard interest rate at Cake is 7.2%/year; if adding a maximum incentive of 1.8%/year, the interest rate can reach 9%/year.
At Vikki Bank, the VND savings interest rate table publicly posted on the website records that the 13-month term usually pays interest at the end of the term at 6.1%/year. The 13-month (*) line is listed at 7.9%/year. According to the notes, this level applies to savings from 999 billion VND or more, corresponding to the 13-month deposit interest rate plus a margin of 1.8%/year and does not apply simultaneously to other promotions.
At Nam A Bank, the VND deposit interest rate schedule effective from April 11, 2026 also has its own interest rates and conditions.
Customers depositing for a 24-month term, interest at the end of the term, with deposits from 500 billion VND or more are applied an interest rate of 7.9%/year and must be approved by the General Director. For a 36-month term, deposits from 500 billion VND or more are applied an interest rate of 7.7%/year and also need to be approved according to regulations.
ACB also publicly announced its own interest rate for large deposits. According to this bank's deposit interest rate schedule, the 13-month term has notes for deposits from 200 billion VND at level 2, the interest rate at the end of the term is 7%/year.
Depositors need to carefully read the application conditions
In fact, high interest rates such as 9-10%/year are not common for most individual customers. These are usually special interest rates, only applied when meeting conditions on a very large deposit amount, specific term, form of deposit at the counter or separate approval requirements.
For ordinary customers, 12-month term savings interest rates at many banks are significantly lower than special interest rates. Therefore, depositors need to carefully check the current interest rate schedule, interest collection methods, minimum deposit amount conditions and pre-term withdrawal regulations before depositing savings.
