Surprisingly, the highest interest rate exceeded 9.0%.

Since the beginning of August, the market has seen 16 banks increase savings interest rates, including: Eximbank, ACB, Agribank, Sacombank, Saigonbank, VietBank, TPBank, CBBank, VIB, Dong A Bank, VPBank, Techcombank,SHB , VietBank, PVCombank, and Nam A Bank.

Which bank offers the best interest rate for deposits, up to 9.5% per year?

According to Lao Dong newspaper on August 28th, for a 1-month term, the highest deposit interest rate currently belongs to CBBank with an interest rate of 3.8%/year.

For a 3-month term, the highest interest rate currently offered by Eximbank is 4.3% per annum.

For the 6-month term, CBBank takes the lead with an interest rate of 5.55% per year.

For a 9-month term, the highest interest rate is 5.7% per year at ABBank.

For the 12-month term, ABBank consistently surged to the top after raising interest rates, listing an interest rate of 6.0%/year for this term.

In addition, many commercial banks currently list special interest rates ranging from 6.0-9.5% per year with different deposit conditions.

The highest interest rate on the market is 9.5% per year, offered by PVcomBank . PVcomBank customers will enjoy this special interest rate of 9.5% per year when opening new deposit accounts with a balance of VND 2,000 billion or more.

HDBank also offers special interest rates of 7.7%/year for a 12-month term and 8.1%/year for a 13-month term. This applies to savings accounts with a minimum deposit of VND 500 billion or more per savings card, and does not apply to deposits with interest paid upfront or periodically.

Dong A Bank is offering a special interest rate of 7.5% per year for customers depositing for a term of 13 months or more, with interest paid at the end of the term, for deposits of 200 billion VND or more, for a 365-day period.

MSB is currently offering a special interest rate of 7.0%/year for customers with newly opened savings accounts or savings accounts opened from January 1, 2018 that are automatically renewed, with a deposit term of 12 months or 13 months and a deposit amount of VND 500 billion or more.

(See also interest rate fluctuations at banks HERE)

Details of deposit interest rates at various banks, updated August 28, 2024.