Full set of highest interest rates in March

Which bank has the highest interest rate now?

PVcomBank applies an interest rate of up to 10%/year for a 12-13 month term with a minimum deposit of VND2,000 billion. The above interest rate applies to a fairly large deposit of VND2,000 billion.

HDBank also applies a fairly high interest rate, 8.1%/year for a 13-month term, with a much lower minimum balance requirement, only 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

After a long time being the bank with the highest 6-month deposit interest rate in the market, BaoVietBank has recently made a move to lower interest rates.

BaoVietBank reduced deposit interest rates on most terms, except for the 24-month term, which remains at 5.5%.

Interest rate reduction ranges from 0.2 - 0.3% on 3-month, 6-month and 12-month terms.

3-month term, old interest rate is 3.85%. New interest rate is 3.55%, equivalent to a decrease of 0.3%.

6-month term, old interest rate is 4.8%, new interest rate is 4.6%, equivalent to a decrease of 0.2%.

12-month term, old interest rate is 5.3%. New interest rate is 5.0%, equivalent to a decrease of 0.3%.

24-month term, interest rate unchanged at 5.5%.

VPBank is the next bank to lower its savings interest rates. Interest rates for short and medium terms have decreased, with the largest decrease occurring for the 3-month term. Interest rates for 24-month terms have also decreased, but the decrease is lower than for short and medium terms.

BVBank is the next bank to lower its savings interest rates. Interest rates for short and medium terms have decreased, with the largest decrease occurring for the 3-month term. Interest rates for 24-month terms have also decreased, but the decrease is lower than for short and medium terms.

In the interbank interest rate market, the latest data updated from the State Bank shows that in the session of February 29, the overnight interbank interest rate (main term, accounting for about 90-95% of transaction value) was at 1.46%/year, down 0.94% compared to the previous session.

Thus, the overnight interest rate has decreased by 2.65% compared to the 2024 peak of 4.14% recorded on February 21.

Interbank interest rates at two other key terms also plummeted. The 1-week term interest rate fell to 1.71%/year, 0.81% lower than the previous session. The 2-week term interest rate also fell 0.95% to 1.72%.

Meanwhile, interest rates at higher terms such as 1 month and 3 months did not fluctuate much, at 2.53% and 2.96%/year, respectively.

In the international market, the FED predicts that it may not cut interest rates this year. After more than 20 months of inflation and high interest rates, experts predict that the economy will cool down this year.

The possibility of a Fed policy shift is becoming more likely. Initially, the market expected the Fed to cut rates six times this year, starting in March. But that has been delayed.

"We want to be more confident that inflation is moving toward our 2% target," Fed Chairman Jerome Powell said. "But I don't think the Fed will be able to have that confidence at the March meeting. We're seven weeks away."

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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