Top banks with the highest interest rates

Bank interest rates today. Photo: Tra My

Which bank has the highest interest rate now?

PVcomBank has led the market by applying interest rates of up to 11%/year for 12-13 month deposit terms and requiring a minimum deposit of VND2,000 billion.

Ranked second is HDBank, which applies a rate of 8.6%/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

Discussing the relationship between interest rates, exchange rates and inflation, Mr. Nguyen Trieu Vinh, CFA, Deputy Director of Investment at Vietcombank Fund Management Company (VCBF) said that these three factors have a mutual impact. Recently, 4 major state-owned banks have reduced the 12-month deposit interest rate for individual customers to 5.3%, the lowest level in many years. Lending interest rates have also decreased significantly.

Some banks are offering home loans with a fixed interest rate of about 8.5% for the first 1-2 years, and working capital loans at about 5%. This is a very positive factor for consumption and investment in Vietnam in the coming time.

"The low interest rate environment will put pressure on inflation. But in my observation, this is not a cause for concern, at least in the next few quarters, because domestic aggregate demand is still weak. We can see this through the rather modest GDP growth in the third quarter. Credit growth is also low despite improvements in the last 1-2 months," said Mr. Nguyen Trieu Vinh.

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.

Source: https://laodong.vn/tien-te-dau-tu/lai-suat-ngan-hang-hom-nay-311-top-ngan-hang-co-lai-suat-cao-nhat-1259165.ldo