Complete list of the highest interest rates in October.

Which bank currently offers the highest interest rates ?

Despite the general downward trend in deposit interest rates across the market, some banks are still offering attractive interest rate packages to attract large amounts of capital. A prime example is PVcomBank, which applies a rate of 11% per annum for 12-13 month terms – the highest rate currently available on the market. However, only customers who can maintain a minimum balance of 2,000 billion VND are eligible for this rate.

Similarly, HDBank also applies an interest rate of 8.6%/year for a 13-month term, but customers must maintain a minimum balance of 300 billion VND.

Thus, although the general trend is towards lower interest rates, banks are still competing to attract large amounts of capital by offering high-interest rate packages. However, the condition for enjoying these packages is the ability to deposit and maintain large sums of money.

Here is a list of banks currently offering the highest savings interest rates:

A compilation of banks offering the highest interest rates in the market today. Graphics by Tra My.

PVcomBank has reduced interest rates for savings deposits: 3-month term from 4.25%/year to 3.95%/year; 6-month term from 5.9%/year to 5.6%/year; 12-month term remains unchanged at 11%/year; 24-month term from 6.3%/year to 6%/year.

Meanwhile,SHB also reduced interest rates for corresponding terms, specifically: 3-month term from 4.3%/year to 4.1%/year; 6-month term from 5.7%/year to 5.4%/year; 12-month term from 6.1%/year to 5.8%/year; 24-month term from 6.4%/year to 6.3%/year.

BAC A BANK reduced deposit interest rates for 3-month, 6-month, 12-month, and 24-month terms from 4.75%, 5.9%, 6.1%, and 6.25% respectively to 4.55%, 5.75%, 5.9%, and 6.1%.

Meanwhile, BAOVIET Bank also adjusted deposit interest rates downwards for corresponding terms, specifically: 3-month term decreased from 4.75% to 4.75% (unchanged); 6-month term decreased from 6.1% to 5.8%; 12-month term decreased from 6.5% to 6.1%; 24-month term decreased from 6.5% to 6.4%.

Vietcombank has reduced interest rates for all deposit terms, specifically: 3-month term: reduced from 3.3%/year to 3.1%/year. 6-month term: reduced from 4.3%/year to 4.1%/year. 12-month term: reduced from 5.3%/year to 5.1%/year. 24-month term: reduced from 5.3%/year to 5.1%/year.

Meanwhile, VPBank only reduced the interest rate for the 3-month term from 4.45%/year to 4.25%/year. Interest rates for other terms remain unchanged.

Thus, it can be seen that Vietcombank reduced interest rates across all maturities, while VPBank only reduced rates for short-term maturities. Vietcombank reduced rates by 0.2 percentage points for each maturity, while VPBank reduced rates by 0.2 percentage points for the 3-month maturity.

Sacombank has adjusted its savings deposit interest rates upwards by 0.2% for the 6-month term, from 5.3%/year to 5.5%/year. The interest rate for the 3-month term remains unchanged at 3.9%/year, the 12-month term at 6.2%/year, and the 24-month term at 6.5%/year.

Compare the highest bank interest rates for a 3-month term.

Comparing the highest bank interest rates for a 3-month term. Graphics by Tra My

Interest rates for 6-month savings deposits at banks.

Comparing the highest bank interest rates for a 6-month term. Graphics by Tra My

If I want to deposit money for 12 months, which bank offers the highest interest rate?

Comparing the highest bank interest rates for a 12-month term. Graphics by Tra My.

Latest updates on interest rates at Agribank, Sacombank, SCB, Vietcombank... highest rates for 24-month terms.

Comparing the highest bank interest rates for a 24-month term. Graphics by Tra My.

Interest rate information is for reference only and may change from time to time. Please contact your nearest bank branch or hotline for specific advice.

Source