Which bank pays the highest savings interest rate in March 2025?

According to the reporter of Cong Thuong Newspaper, the ranking of banks paying high savings interest rates at different terms has seen fluctuations compared to last month, due to many banks simultaneously lowering interest rates.

Specifically, with a 1-month term, the highest savings interest rate as of March 10 is 4.4%/year applied at Vikki Bank; the second is VCBNeo (formerly CBBank) with an interest rate of 4.05%/year; NamABank and MBV (converted from OceanBank) both listed an interest rate of 4%/year.

In addition, among major commercial banks, VPBank still holds the top position in terms of deposit interest rates at 3.7%/year. Other state-owned banks listed 1-month term interest rates at 1.6-2.2%/year, of which Agribank is at the top with an interest rate of 2.2%/year, unchanged from the previous month.

With the popular term chosen by people of 6 months, the highest savings interest rate in March 2025 is 5.6%/year applied at Vikki Bank; VCBNeo is in second place, with an interest rate of 5.5%/year.

The lowest savings interest rate for a 6-month term is still applied at the Big 4 group, ranging from 2.9-3.5%/year, in which Agribank still holds the top position.

For customers who have money that they do not need to use for a long time, the 12-month term has the most ideal interest rate and many banks apply additional incentives. Vietinbank, BIDV and Agribank apply an interest rate of 4.7%/year; Vietcombank lists a lower mobilization interest rate at 4.6%/year, unchanged from the previous month.

Statistics in recent years show that the LDR ratio (loan/deposit ratio) is gradually increasing, reflecting stronger credit expansion than capital mobilization speed.

By the end of 2024, the total outstanding loans at 27 banks listed on the stock market were over VND11.85 trillion, up 18% compared to the beginning of the year. Meanwhile, the total amount of customer deposits at banks reached VND11.14 trillion, up 13%, lower than the credit growth rate.

By the end of 2024, only 9/27 banks will have an LDR ratio below 85%. According to Circular 22/2019/TT-NHNN, from January 1, 2020, the maximum loan-to-deposit ratio of LDR will be 85% for state-owned and joint-stock commercial banks.

How to calculate current bank deposit interest rates

Bank deposit interest rate is the interest rate that banks pay for deposits of organizations or individuals in the bank. Deposit interest rates have many different levels depending on the type of deposit (non-term, term, savings...), deposit term and deposit size.

Currently, there are two types of deposit interest rates: Non-term deposit interest rates and term deposit interest rates.

For non-term savings deposits

This is a form of savings where the depositor can withdraw cash at any time without prior notice to the bank. The calculation formula is as follows:

Interest = Deposit amount x interest rate (%/year)/12 x actual number of months deposited

For monthly term deposits (interest at the end of the term)

This is a form of savings deposit in which the depositor can withdraw the deposit after a certain period of time. If the deposit is withdrawn before the maturity date, the interest rate will be converted to the interest rate for non-term deposits. The calculation formula is as follows:

Interest = Deposit amount x interest rate (% per year)/12 x number of months of deposit

Thanh Binh

Source: https://congthuong.vn/ngan-hang-nao-tra-lai-tiet-kiem-cao-nhat-thang-32025-377716.html