Which bank has the highest interest rate now?
PVcomBank is currently the bank with the highest savings interest rate in the market, up to 10.5% applied to a 12-13 month deposit term and requires a minimum deposit of VND 2,000 billion.
Ranked second is HDBank, which applies a rate of 8.4%/year for a 13-month term with the condition of maintaining a minimum balance of 300 billion VND.
Statistics of banks with the highest savings interest rates today:
VIS Rating experts forecast that mobilization interest rates will remain low in 2024. This will promote lower lending interest rates, reduce capital mobilization costs and ease the debt repayment burden of businesses and bond issuers.
Meanwhile, VCBS experts forecast that the expected interest rate level will continue to decrease by about 1 - 1.5% in 2024.
In 2023, after the State Bank reduced the operating interest rate 4 times, the mobilization interest rate decreased rapidly and the actual lending interest rate recorded a decrease of about 2 - 2.5% for newly arising loans, however, the interest rate for existing loans remained at a high level of about 10%/year due to a 3 - 6 month delay compared to the mobilization interest rate and there was a differentiation in the level of reduction between industries.
The private commercial banking group recorded a sharper decrease in lending interest rates than the state-owned banking group due to the rapid increase in late-payment loans and the reduction of output interest rates to attract customers. It is expected that lending interest rates of this banking group may improve in the near future when customers return to repay their debts.
Compare highest bank interest rates for 3-month term
Interest rates on 6-month savings deposits at banks
Want to save for 12 months, which bank has the highest interest rate?
Latest update of Agribank interest rates , Sacombank interest rates, SCB interest rates, Vietcombank interest rates... highest for 24-month term.
Interest rate information is for reference only and may change from time to time. Please contact the nearest bank transaction point or hotline for specific advice.
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