Which bank has the highest interest rate now?
PVcomBank has led the market by applying interest rates of up to 10%/year for 12-13 month deposit terms and requiring a minimum deposit of VND 2,000 billion.
Ranked second is HDBank, which applies an interest rate of 8.2%/year for a 13-month term with the condition of maintaining a minimum balance of VND 300 billion.
Statistics of banks with the highest savings interest rates today:
According to a survey by Lao Dong newspaper reporters, people who save money at banks enjoy different interest rates depending on the deposit term. Below is a comparison table of savings interest rates for 3-month, 6-month, 12-month and 24-month terms of some major banks today.
For the 3-month term, the banks announcing the highest interest rates are VRB and CB at 4.3%. Coming in third is Kienlong Bank announcing an interest rate of 3.95%/year. The lowest interest rate for the 3-month term is Vietcombank at only 2%/year. The interest rate difference is up to 2.3% between the banks with the highest and lowest interest rates.
The highest interest rate for 6-month term is applied by BAOVIETBank at 5.1%/year. The lowest interest rate is applied by the BIG4 group including Vietcombank, Agribank , BIDV and VietinBank at only 3.2%/year. The interest rate difference between the bank with the highest and lowest interest rate for 6-month term is up to 1.9%.
For a 12-month term, the highest interest rate is PVcomBank at an impressive 10%/year. Meanwhile, the lowest interest rate: ABBANK is only at 4.4%. MSB is only at 4.6%/year. The interest rate difference is up to 6.4%, which is a very large difference.
The highest interest rate for 24-month term is SHB at 6.2%, Nam A Bank applies 6.1%/year. The lowest interest rates: ABBank and MSB are only at 4.4% - 4.6%/year respectively. The interest rate difference is up to 1.8%.
KBSV experts predict that the 12-month deposit interest rate in 2024 will fluctuate between 4.85%/year - 5.35%/year.
Regarding lending rates, the analysis team believes that the maturity gap and the lag in the impact of interest rate reduction will continue to play an important role, helping lending rates continue to decrease. Accordingly, most of the banks' high-cost deposits will mature in early 2024, helping to reduce capital costs and thereby reduce lending rates.
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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