Compare top banks with highest interest rates

Which bank has the highest interest rate now?

The top 2 banks with the highest interest rates on the market today are PVcomBank (10.5%) and HDBank (8.4%).

Specifically, PVcomBank lists the highest savings interest rate on the market at 10.5% for a 12-13 month term and requires a minimum deposit of VND2,000 billion.

Next, HDBank 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:

Summary of banks with the highest interest rates on the market today. Graphic by Tra My

Vietcombank has just continued to lower interest rates to a new record level. The interest rate for 1-2 month deposits is only 1.9%/year, down another 0.3 percentage points compared to before. The interest rate for 3 and 6 month terms has been reduced by 0.3%. Specifically, the interest rate for 3 month terms has been reduced from 2.5% to 2.2%, equivalent to a decrease of 0.3%. The interest rate for 6 month terms has been reduced by 0.3% from 3.5% to 3.2%. The interest rate for 12 month and 24 month terms remains the same.

Agribank slightly adjusted interest rates for some terms. Agribank reduced interest rates for short terms under 12 months, specifically 3-month and 6-month terms, each term decreased by 0.5%. The 12-month and 24-month terms still kept the same interest rates. Specifically, the 3-month term interest rate decreased from 3% to 2.5%, equivalent to a decrease of 0.5%. The 6-month term interest rate decreased by 0.5% from 4% to 3.5%. The 12-month term interest rate remained at 5%. The 24-month term interest rate remained at 5.3%.

At SCB, the 3-month term interest rate decreased from 3.75% to 2.55%, down 1.2%. The 6-month term interest rate decreased by 1.2% from 4.75% to 3.55%. The 12-month term interest rate decreased by 0.6% from 5.45% to 4.85%. The 24-month term interest rate remained at 4.85%.

At TPBank, the 3-month term interest rate remains at 3.6%. The 6-month term interest rate decreased by 0.2% from 4.8% to 4.6%. The 12-month term interest rate decreased by 0.2% from 5.35% to 5.15%. The 24-month term interest rate decreased by 0.2% from 6% to 5.8%.

MBS experts forecast that deposit interest rates are likely to bottom out in the first quarter of 2024 and are unlikely to decrease further, mainly because credit demand will tend to increase in 2024. In the context of more positive export growth at 6-7%, investment and consumption both improving on the low base of the same period last year, the analysis team believes that capital demand will return to balance with the current liquidity surplus.

MBS expects credit growth in 2024 to reach around 13-14%. However, on the other hand, the pressure on interest rates is not large because the US monetary tightening cycle has almost ended. With the forecast that the FED's operating interest rate will fall to approximately 4% by the end of 2024, the pressure on exchange rates is not large, and the State Bank will have room to maintain its current monetary policy.

"We forecast that 12-month deposit interest rates of major commercial banks will likely increase by 0.25 - 0.5 percentage points, returning to 5.25% - 5.5% in 2024," MBS said.

Compare highest bank interest rates for 3-month term

Compare the highest bank interest rates for 3-month terms. Graphic Tra My

Interest rates on 6-month savings deposits at banks

Compare the highest bank interest rates for 6-month terms. Graphic Tra My

Want to save for 12 months, which bank has the highest interest rate?

Compare the highest bank interest rates for 12-month terms. Graphic Tra My

Latest update of Agribank interest rates , Sacombank interest rates, SCB interest rates, Vietcombank interest rates... highest for 24-month term.

Compare the highest bank interest rates for 24-month terms. Graphic Tra My

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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