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:
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.
Interest rates for 6-month savings deposits at banks.
If I want to deposit money for 12 months, which bank offers the highest interest rate?
Latest updates on interest rates at Agribank, Sacombank, SCB, Vietcombank... highest rates for 24-month terms.
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.
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