Bank interest rates on June 19: Many attractive levels open up many options

Super high interest rates for VIP customers

In the context of the general mobilization interest rate level continuing to remain low, many commercial banks are launching special interest rate packages with extremely high incentives, but only for large-scale deposit customers, from hundreds to thousands of billions of VND.

Leading the market is ABBank with an interest rate of up to 9.65%/year, applied to deposits of VND 1,500 billion or more, with a term of 13 months. This is the highest interest rate currently and has been maintained by the bank continuously for many weeks, affirming its strategy of attracting large cash flows.

PVcomBank follows with 9%/year for 12-13 month terms, requiring a minimum balance of VND2,000 billion. HDBank also implements a preferential interest rate policy for VIP customers, with 8.1%/year for 13 month terms and 7.7%/year for 12 month terms, applied to deposits of VND500 billion or more.

Several other banks have also joined the “race” to attract large sums of money with attractive interest rates. Vikki Bank offers 7.5%/year for a term of 13 months or more, with deposits starting at VND999 billion. IVB applies 6.15%/year for a term of 36 months with a minimum deposit of VND1,500 billion. ACB also has a 6%/year package for a term of 13 months from VND200 billion. LPBank is more flexible with three different forms of interest payment, the highest of which is 6.5%/year if paid at the end of the term.

It can be seen that these "sky-high" interest rates only appear in the super-rich customer segment, contributing to creating a "private game" that most small depositors cannot participate in.

Bank interest rates on June 19: Many attractive levels open up many options

Interest from 6% with large balance condition

LPBank currently offers 6.5%/year when receiving interest at the end of the term and 6.3%/year if receiving interest monthly, for deposits from 300 billion VND. ACB applies 6%/year for 13-month terms from 200 billion VND, while IVB lists 6.15%/year for 36-month terms from 1,500 billion VND. Bac A Bank also offers 6.2%/year for 18-36-month terms with balances from 1 billion VND.

Interest from 6% no large balance required

Some banks such as Cake by VPBank, HDBank, VietABank, BVBank or Bac A Bank also apply interest rates from 6%/year for terms from 12 to 60 months without requiring large deposits. This is a suitable choice for individual customers with a moderate amount of idle money.