Which bank offers the highest deposit interest rates?

Military Commercial Joint Stock Bank (MB) has increased deposit interest rates by 0.2% per year for terms of 1-5 months, effective from now until May 31st, with no minimum deposit requirement.

According to the latest online interest rate chart, the interest rate for a 1-month term is 3.9%/year; 2 months is 4%/year; and 3-5 months is 4.2%/year, 0.2%/year higher than the usual interest rate. This is MB's second adjustment of deposit interest rates in April, as the bank previously reduced the rate by 0.1%/year for 12-18 month terms.

Meanwhile, Vietnam Technological and Commercial Bank ( Techcombank ) reduced deposit interest rates by 0.1% per year across all terms from 1 to 36 months.

Specifically, for deposits under 1 billion VND, the interest rate for terms of 1–2 months is 3.15%/year; 3–5 months 3.45%/year; 6–11 months 4.45%/year; and 12–36 months 4.65%/year.

For deposits from VND 1 billion to less than VND 3 billion, the interest rates are as follows: 3.25%/year for 1-2 months; 3.55%/year for 3-5 months; 4.5%/year for 6-11 months; and 4.7%/year for 12-36 months.

For deposits of 3 billion VND or more, the highest interest rates are 3.35%/year for 1-2 months; 3.55%/year for 3-5 months; 4.55%/year for 6-11 months; and 4.75%/year for 12-36 months.

For terms of 12 months or more, some banks offer relatively high interest rates, but these come with special conditions such as requiring a large deposit balance or applying to specific savings products.

For example, An Binh Commercial Joint Stock Bank (ABBank) offers deposit interest rates of up to 9.65%/year for deposits of 1,500 billion VND or more. Similarly, Ho Chi Minh City Development Commercial Joint Stock Bank ( HDBank ) applies interest rates of 7.7%/year for a 12-month term and 8.1%/year for a 13-month term, but with a minimum balance of 500 billion VND.

Vikki Bank offers an interest rate of 7.5% per year for deposits with a term of 13 months or more, with a minimum deposit of 999 billion VND. Bac A Bank offers the highest interest rate of 6.1% for terms of 18-36 months for deposits exceeding 1 billion VND.

For example, at Loc Phat Commercial Joint Stock Bank (LPBank), for deposits of 300 billion VND or more, the interest rate applied to customers receiving interest at the end of the term is 6.5%/year, for those receiving interest monthly it is 6.3%/year, and for those receiving interest at the beginning of the term it is 6.07%/year.