Four banks above the 7% mark

Four banks have interest rates above 7%. Illustration photo: Ha Vy

PvcomBank's interest rate is currently the highest in the market, up to 9.5% for a 12-month term with a minimum deposit of VND2,000 billion.

Next is HDBank with a fairly high interest rate, 8.1%/year for a 13-month term and 7.7% for a 12-month term, with a minimum balance of VND500 billion. This bank also applies a 6% interest rate for an 18-month term.

MSB also applies quite high interest rates with interest rates at bank counters up to 8%/year for 13-month term and 7% for 12-month term. The applicable conditions are new savings books or savings books opened from January 1, 2018 automatically renewed with a term of 12 months, 13 months and deposit amount from 500 billion VND.

Dong A Bank has a deposit interest rate, term of 13 months or more, end-of-term interest with deposits of 200 billion VND or more, applying an interest rate of 7.5%/year.

Cake by VPBank applies an interest rate of 6.1% for a 12-month term; NCB and OceanBank apply an interest rate of 6.1% for a 24-month term.

ABBank applies a 6% interest rate for a 12-month term; BVBank and Cake by VPBank also apply a 6% interest rate for a 24-month and 12-month term; VRB applies a 6% interest rate for a 24-month term; SaigonBank applies a 6% interest rate for a 13, 18 and 24-month term, and 6.1% for a 36-month term.

Statistics of banks with the highest savings interest rates today:

Top banks with the highest interest rates on the market today. Graphics: Ha Vy

Comparing the highest and lowest bank interest rates for 3-month, 6-month, 12-month, and 24-month terms, according to a survey by Lao Dong Newspaper reporters, the highest bank interest rate for 3-month terms is 4.3% for Cake by VPBank. Meanwhile, the lowest bank interest rate for 3-month terms is 1.9% for Vietcombank and SCB. The difference between the highest and lowest interest rates for 3-month terms is quite large, up to 2.4%.

The highest bank interest rate for the 6-month term is 5.5%, belonging to Cake by VPBank. The lowest interest rate for this term is 2.9% for Vietcombank and SCB. The difference between the highest and lowest interest rates for the 6-month term is 2.6%.

For the 12-month term, PVcomBank broke through with an interest rate of 9.5%, much higher than the highest rate of over 5% of some other banks. Meanwhile, SCB has the lowest interest rate for this term, at 3.7%, creating a difference of up to 5.8%.

For a 24-month term, the highest bank interest rate is 6.1% at NCB and OceanBank. The lowest interest rate is 3.9% at SCB. The difference between the highest and lowest interest rates for a 24-month term is 2.2%.

Compare the highest bank interest rates for 3-month terms

Compare the highest bank interest rates for 3-month terms. Graphics: Ha Vy

Interest rates on 6-month savings deposits at banks

Compare the highest bank interest rates for 6-month terms. Graphics: Ha Vy

Want to save for 12 months, which bank has the highest interest rate?

Compare the highest bank interest rates for 12-month terms. Graphics: Ha Vy

Latest update of Agribank interest rates, Sacombank interest rates, SCB interest rates, Vietcombank interest rates... highest 24-month term.

Compare the highest bank interest rates for 24-month terms. Graphics: Ha Vy

Interest rate information is for reference only and may change from time to time. Please contact the nearest bank transaction point or hotline for specific advice.

Readers can refer to more articles on interest rates HERE.

Source: https://laodong.vn/kinh-doanh/lai-suat-ngan-hang-hom-nay-318-bon-ngan-hang-tren-moc-7-1387221.ldo