What are the flexible savings interest rates of banks?

What is flexible principal withdrawal savings?

Flexible principal withdrawal savings is an amount of money that customers can withdraw a portion of the principal before maturity without having to close the entire deposit.

When participating in flexible principal withdrawal bank savings, customers can rest assured to deposit large amounts of money at the bank with long terms to enjoy the highest interest rates. If there is an incident requiring withdrawal, customers will still enjoy the full term interest rate for the remaining principal after deducting the amount just withdrawn.

Nowadays, saving money has more and more incentives for customers. Products that bring new value to customers create a difference in savings products between banks and financial institutions.

With this form, customers can deposit savings and withdraw principal flexibly before the maturity date or withdraw a portion of the principal for urgent personal needs. At the same time, the interest on the remaining principal will still be guaranteed until the maturity date.

Benefits of flexible savings and principal withdrawal

As more and more banks offer flexible savings services, customers will enjoy extremely competitive interest rates for all types of terms.

Flexible principal withdrawal savings is a savings product of financial institutions that allows customers to withdraw a portion of the capital before maturity, the remaining principal is maintained until the end of the term and enjoys the term interest rate on the savings book.

In particular, there are currently many outstanding incentives for early withdrawal, customers can enjoy real-time interest at the interest rate of that deposit period.

In addition, another equally important incentive is that customers will be able to mortgage their savings books to borrow capital when they need to borrow or you will have your personal financial capacity verified for your necessary purposes.

Can flexibly withdraw principal when needed, deposit once and withdraw many times, flexible and attractive interest rates according to real deposit time, preserve term interest for remaining principal and choose interest payment period according to personal and family financial plan.

Flexible savings interest rates at some banks

At Techcombank , as of February 5, 2024, the interest rate for flexible principal withdrawal when saving less than 1 billion VND is 2.4%/year for a term of 1-2 months, 2.5%/year for a term of 3-5 months, interest rate 2.6-2.65%/year for a term of 6-11 months and interest rate 4.7%/year for a term of 12-36 months.

When saving with higher amounts such as 1-3 billion VND and over 3 billion VND, the flexible principal withdrawal savings interest rate at long terms is 0.05-0.1%/year higher.

At NCB, the interest rate for flexible principal withdrawal savings for 1-5 month terms is 4.25%/year, for 6-11 month terms is 5.25%/year, for 12 month terms is 5.6%/year and for 15-60 month terms is 5.9%/year.

At CBBank, the bank applies an interest rate of 4.1%/year for a term of 1-2 months, an interest rate of 4.2%/year for a term of 3-5 months, and an interest rate of 4.9%/year. For longer terms, the bank applies an interest rate of 5%/year for a term of 7-11 months, an interest rate of 5.2%/year for a term of 12 months, and an interest rate of 5.3%/year for a term of 13 months or more.

With HDBank , the bank applies an interest rate of 2.65%/year for all terms. However, this interest rate only applies to accounts opened after December 5, 2019.

Minh Huong (synthesis)

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