Savings interest rates continue to rise.

Some banks are offering high interest rates on savings accounts.

Following a slight reduction in savings interest rates, many banks have recently increased their deposit mobilization again. For example, Cake by VPBank, a digital bank, is offering an additional 1.5% interest rate for new customers depositing savings. Meanwhile, the bank's regular savings interest rate is 7.2-7.4% per year for terms of 6-24 months. Thus, with the added 1.5%, the interest rate customers receive reaches 8.7-8.9% per year.

Savings interest rates of 8-9% per year have emerged.

PHOTO: NGOC THANG

VietBank (Vietnam Commercial Trust Bank) has launched a promotional program "Start Small, Earn Big Profits" until May 31st for individual customers depositing savings at the counter and via digital platforms. Customers opening new savings or time deposit accounts will enjoy preferential interest rates of up to 8.5% per year, applicable to various terms from 6 to 15 months. Specifically, terms from 6 to 11 months have a maximum interest rate of 8.3% per year; 12 and 14-month terms enjoy an interest rate of 8.4% per year; while the 15-month term has the highest interest rate of 8.5% per year. However, the bank's savings interest rate table shows an interest rate of 10.7% per year for a 13-month term, with the note that this is for reference only for lending rates. Meanwhile, PVcomBank applies an interest rate of 10% per year for a term of 12-13 months, provided that customers maintain a minimum balance of 2,000 billion VND.

Interest rates on the Vietnamese Dong in the interbank market have risen again to over 6% per annum in recent days. On May 14th, the overnight rate for Vietnamese Dong reached 6.05% per annum, the one-week rate 6.2% per annum, the two-week rate 6.47% per annum, and the one-month rate 6.69% per annum…

Source: https://thanhnien.vn/lai-suat-tiet-kiem-len-107-nam-185260518161039518.htm