Which bank offers the highest interest rate for a 6-month savings deposit?

(NLĐO) – Following an upward trend, today's interest rates for 6-month terms are listed by many banks exceeding 5% per year.

An Binh Bank (ABBANK) has just implemented its latest online deposit interest rate schedule, showing an increase in rates for some maturities.

Accordingly, customers depositing savings online receive 4.1%/year for a 3-month term and up to 5.5%/year for a 6-month term, which is 0.9 percentage points higher than depositing at the counter and a significant increase compared to the previous interest rate schedule. Currently, the highest interest rate at ABBANK is 6.2%/year for customers depositing for a term of 15-18 months.

Notably, if you deposit online at this bank, the interest rate for a 5-month term is only 4.3%, but if you deposit for 6 months, the interest rate will be much higher, up to 5.5%/year (1.2 percentage points higher).

Interest rates for 6-month term deposits at many banks exceed 5% per annum.

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Reporters have observed that many commercial banks are currently offering 6-month deposit interest rates exceeding 5% per year, significantly higher than those for shorter terms.

For example, for the same 6-month deposit term, BVBank offers an interest rate of 5.1%/year; Vietbank,OCB , and PGBank offer 5%/year; NCB offers 5.25%/year, and Oceanbank offers a higher rate of 5.3%/year…

The highest interest rate for a 6-month term at DongABank is 5.47%/year and at BacABank is 5.4%/year.

With a deposit interest rate of 5% per year, if a customer has 500 million VND in idle funds, the interest received at the end of the term will be 12.5 million VND (an average of over 2 million VND in interest per month).

For state-owned commercial banks, the interest rate for a 6-month term is 2.9%/year at Vietcombank; 3%/year at BIDV and VietinBank; and higher at Agribank , at 3.5%/year.

According to statistics from MBS Securities Company, while the upward trend in interest rates slowed down in October, interest rates increased in the first half of November, with as many as nine banks adjusting their deposit interest rates by 0.1 - 0.7 percentage points.

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This upward trend is expected to continue until the end of this year, with credit growth almost double the rate of deposit growth.

According to data from the State Bank of Vietnam, credit growth as of October 31st increased by 10.08% compared to the end of last year.

Source: https://nld.com.vn/lai-suat-hom-nay-21-11-gui-tiet-kiem-6-thang-lai-cao-nhat-tai-ngan-hang-nao-19624112110152798.htm