Currently, many banks do not announce the ladder interest rate, but when depositing money at the counter, the staff will give you an attractive interest rate depending on the amount of deposit. Some banks publicly announce the ladder interest rate, such as SeABank, VIB, ACB , Techcombank, VPBank.

Highest interest rate at SeABank up to 6.2%/year

With the ladder-style interest rate calculation, SeABank is currently the bank paying the highest interest rate on the market, up to 6.2%/year (same as ABBank's 12-month term).

However, the interest rate of 6.2%/year is applied by SeABank for 15-36 month term deposits at the counter with a deposit amount of 10 billion VND or more.

At SeABank counters, the deposit interest rates are classified into 5 different levels: from 100 million VND to under 500 million VND; from 500 million VND to under 1 billion VND; from 1 billion VND to under 5 billion VND; from 5 billion VND to under 10 billion VND; from 10 billion VND or more.

Specifically, the interest rate for deposits from 100 to under 500 million VND, term of 1-2 months is 3.2%/year, 3-5 months 3.7%/year, 6 months 4.4%/year, 7 months 4.48%/year, 8 months 4.51%/year, 9 months 4.54%/year, 10 months 4.57%/year, 11 months 4.6%/year, 12 months 5.52%/year, 13 months 5.45%/year.

Notably, the interest rate for 15-36 month term deposits at SeABank is up to 6%/year. This is one of the very few banks listing a deposit interest rate of 6%/year.

Interest rates for deposits with terms from 1 to 5 months remain the same for all deposit amounts. Interest rate differentiation is shown from terms of 6 months and above, with the highest rate for deposits of VND 10 billion and above.

Specifically, from 10 billion VND, 6-month term is 4.6%/year, 7 months 4.68%/year, 8 months 4.71%/year, 9 months 4.74%/year, 10 months 4.77%/year, 11 months 4.8%/year, 12 months 5.45%/year, 12 months 5.65%/year and 15-36 months has interest rate up to 6.2%/year, the highest in the market today.

INTEREST RATE TABLE AT SEABANK COUNTER ON JULY 27, 2024 (%/YEAR)

TERM FROM 100 TO UNDER 500 MILLION FROM 500 MILLION TO LESS THAN 1 BILLION FROM 1 BILLION TO UNDER 5 BILLION FROM 5 BILLION TO UNDER 10 BILLION FROM 10 BILLION
1 MONTH 3.2% 3.2% 3.2% 3.2% 3.2%
3 MONTHS 3.7% 3.7% 3.7% 3.7% 3.7%
6 MONTHS 4.4% 4.45% 4.5% 4.55% 4.6%
9 MONTHS 4.54% 4.59% 4.64% 4.69% 4.74%
12 MONTHS 5.25% 5.3% 5.35% 5.4% 5.45%
15 MONTHS 6% 6.05% 6.1% 6.15% 6.2%
18 MONTHS 6% 6.05% 6.1% 6.15% 6.2%
24 MONTHS 6% 6.05% 6.1% 6.15% 6.2%
36 MONTHS 6% 6.05% 6.1% 6.15% 6.2%

For deposits under 100 million VND, SeABank applies the same interest rate as for online deposits. Currently, the highest online mobilization interest rate is 5.7%/year for a term of 18-36 months.

Highest interest rate at VPBank 5.8%/year

At VPBank, deposit interest rates are also divided into 3 levels: under VND10 billion, from VND10 billion to under VND50 billion, and from VND50 billion and above. Accordingly, for the latter two deposit levels, the mobilization interest rates are respectively 0.1%/year and 0.2%/year higher than the deposit level under VND10 billion (except for the 12-36 month term, which is only 0.1%/year higher).

Currently, the highest interest rate at VPBank is 5.7%/year, applied to online deposits from 10 billion VND, term 24-36 months.

VPBank said that customers with a balance of 100 million VND and a minimum term of 1 month will enjoy the current interest rate plus 0.1%/year.

Thus, the highest interest rate at VPBank is actually 5.8%/year (with a term of 24-36 months, including bonus interest).

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Online deposit interest rates at VPBank on July 27. Screenshot.

Highest interest rate at Techcombank 5.55%/year

Techcombank stipulates 3 levels of savings interest rates: under 1 billion VND, from 1 billion VND to under 3 billion VND, and from 3 billion VND and above. According to the online mobilization interest rate table for newly opened savings accounts under 1 billion VND, the term of 1-2 months is 2.85%/year, 3-5 months 3.25%/year, 6-11 months 4.25%/year, 12-36 months 4.95%/year.

Interest rates for deposit accounts from 1 billion VND to under 3 billion VND are 0.05-0.1% higher per year and over 3 billion VND are 0.1-0.2% higher per year.

With the above interest rate calculation, the highest mobilization interest rate at Techcombank is currently 5.05%/year, applied to deposits from 3 billion VND, term of 12-36 months.

Techcombank also offers an additional 0.5%/year interest rate for individual customers whose savings and/or term deposits increase by VND50 million or more per month. Applicable terms are 3 months, 6 months and 12 months. The highest mobilization interest rate (12-month term) can be up to 5.55%/year (after interest rate bonus).

ONLINE DEPOSITS INTEREST RATE AT TECHCOMBANK ON JULY 27, 2024 (%/YEAR)
TERM UNDER 1 BILLION FROM 1 BILLION TO UNDER 3 BILLION FROM 3 BILLION AND UP
1 MONTH 2.85% 2.95% 3.05%
3 MONTHS 2.85% 3.35% 3.45%
6 MONTHS 4.25% 4.3% 4.35%
9 MONTHS 4.25% 4.3% 4.35%
12 MONTHS 4.95% 5% 5.05%
18 MONTHS 4.95% 5% 5.05%
24 MONTHS 4.95% 5% 5.05%
36 MONTHS 4.95% 5% 5.05%

Highest interest rate at VIB 5.2%/year

VIB has just increased its deposit interest rates by 0.1% per year for terms of 2-8 months and 24-36 months from July 26. This bank listed deposit interest rates according to 3 different limits: under 300 million VND, from 300 million VND to under 3 billion VND, and from 3 billion VND and above.

The online interest rate table for deposits under VND200 million, term of 1 month is 3.1%/year; 2 months is 3.2%/year; 3-5 months is 3.4%/year; 6-11 months is 4.4%/year; 15-18 months is 4.9%/year; while the highest interest rate for deposits under VND300 million is 5.2%/year, term of 24-36 months.

Compared to deposit accounts under 300 million VND, VIB adds 0.1%/year and 0.2%/year respectively for deposit accounts with amounts from 300 million VND to under 3 billion VND and from 3 billion VND or more, applied for terms from 1-11 months.

For deposits from 15-36 months, VIB applies a common interest rate schedule for all different deposit levels. Thus, the highest mobilization interest rate at this bank is still 5.2%/year.

VIB BANK'S ONLINE DEPOSITS INTEREST RATE TABLE ON JULY 27, 2024 (%/YEAR)
TERM UNDER 300 MILLION 300 MILLION TO UNDER 3 BILLION FROM 3 BILLION
1 MONTH 3.1% 3.2% 3.3%
3 MONTHS 3.4% 3.5% 3.6%
6 MONTHS 4.4% 4.5% 4.6%
9 MONTHS 4.4% 4.5% 4.6%
15 MONTHS 4.9% 4.9% 4.9%
18 MONTHS 4.9% 4.9% 4.9%
24 MONTHS 5.2% 5.2% 5.2%
36 MONTHS 5.2% 5.2% 5.2%

Highest interest rate at ACB 5.1%/year

At ACB, deposit interest rates are classified according to 4 deposit levels including under 200 million VND, from 200 million VND to under 1 billion VND, from 1 billion VND to under 5 billion VND and from 5 billion VND or more.

Compared to the online interest rate table for deposit accounts under 200 million VND, the interest rate for the remaining 3 levels is respectively increased by 0.1-0.15-0.2%/year.

Online deposit interest rates for customers with a deposit balance of 5 billion VND or more, 1-month term is 3%/year, 2-month term is 3.1%/year, 3-month term is 3.3%/year, 6-month term is 4.1%/year, 9-month term is 4.2%/year and 12-month term has the highest interest rate of 4.9%/year.

However, ACB is among the banks that pay the lowest interest rates, even when applying the policy of bonus interest rates. Specifically, ACB rewards according to the interest rate ladder of term savings deposits. The bonus interest rate is 0.1%/year for deposit accounts from 200 million VND to under 1 billion VND; 0.15%/year from 1 billion to under 5 billion VND; 0.2%/year from 5 billion VND.

The highest deposit interest rate at ACB can be 5.1%/year for customers depositing from 5 billion VND or more with long term (after receiving bonus interest).

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Online deposit interest rates at ACB on July 27. Screenshot.

For customers with a deposit balance of VND 200 billion or more, ACB applies a "special interest rate" policy of 5.9%/year, applicable for a term of 13 months.

This interest rate is also only equivalent to or lower than the normal mobilization interest rate at some other banks such as VietBank, PGBank, MB, BaoViet Bank, NCB, OceanBank, HDBank, ABBank, BVBank,...