Latest MSB Bank Interest Rates for February 2024: New customers enjoy the highest interest rates

In February 2024, Maritime Bank (MSB) introduced an interest rate framework for regular customers depositing money at the counter, ranging from 3-4% per year. For online deposit accounts, customers will enjoy a higher interest rate of 0.3-0.5% per year, depending on the term.

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Deposit interest rates at MSB bank in February 2024

According to the latest interest rate chart posted by MSB, savings deposit interest rates at the counter range from 3 – 4% per annum.

Specifically, the interest rates for 1 to 5-month fixed-term deposits are currently 3% per annum, while the rates for 6 to 11-month terms are 3.6% per annum. The highest interest rate of 4% per annum is applied to deposits with terms of 12 to 36 months.

Note that for new savings accounts or accounts opened from January 1, 2018, with automatic renewal and a 12-month term and a deposit of 500 billion VND, MSB applies an interest rate of 7% per annum, and for a 13-month term, an interest rate of 8% per annum.

Highest interest rate product at MSB bank in February 2024

Unit

Highest interest rate

Counter deposit

Online deposit

Pre-maturity withdrawal

0

0.5

01 month

3

3.5

02 months

3

3.5

03 months

3

3.5

04 months

3

3.5

05 months

3

3.5

06 months

3.6

3.9

07 months

3.6

3.9

08 months

3.6

3.9

09 months

3.6

3.9

10 months

3.6

3.9

11 months

3.6

3.9

12 months

4

4.3

13 months

4

4.3

15 months

4

4.3

18 months

4

4.3

24 months

4

4.3

36 months

4

4.3

Source: MSB

Online deposit interest rates at MSB bank in February 2024

In addition to counter deposits, MSB also offers online deposit options with interest rates ranging from 3.5% to 4.3% per annum. Compared to the counter deposit rates, the rates for online savings are higher by 0.3% to 0.5% per annum, depending on the term.

Specifically, customers depositing money through the online application for terms from 1 to 5 months will enjoy an interest rate of 3.5% per annum. The rates for 6 to 11-month terms are 3.9% per annum. Currently, the highest interest rate for online deposits at MSB is 4.3% per annum, applicable to deposits with 12 to 36-month terms.

Note that for the “Special Interest Rate” product, customers will enjoy interest rates ranging from 4.4% to 4.6%. However, this deposit product is only available for new customers with a maximum deposit of 5 billion VND, and they can only deposit for 6, 12, 15, or 24 months. The interest rate for a 12, 15, or 24-month deposit is 4.6% per annum.

Special Interest Rate product chart at MSB bank in February 2024

Term

Interest Rate

6 months

4.4

12 months

4.6

15 months

4.6

24 months

4.6

Source: MSB

MSB bank is currently also offering various other deposit products in February, such as Immediate Interest Payment, Partial Withdrawal, Deposit Contract, Fixed-rate Earnings, Young Bamboo Shoots, and Golden Bee.

Interest rates for other capital mobilization products at MSB bank

Unit

Partial Withdrawal

Immediate Interest Payment

Counter deposit

Online deposit

Counter deposit

Online deposit

Pre-maturity withdrawal

0

0

0

0

01 month

3

3.5

2.3

2.75

02 months

3

3.5

2.3

2.75

03 months

3

3.5

2.5

2.75

04 months

3

3.5

2.5

2.75

05 months

3

3.5

2.5

2.75

06 months

3.6

3.9

2.85

2.85

07 months

3.6

3.9

2.85

2.85

08 months

3.6

3.9

2.85

2.85

09 months

3.6

3.9

2.85

2.85

10 months

3.6

3.9

2.85

2.85

11 months

3.6

3.9

2.85

2.85

12 months

4

4.3

2.55

3.4

13 months

4

4.3

2.55

3.4

15 months

4

4.3

2.55

3.4

18 months

4

4.3

2.55

3.4

24 months

4

4.3

2.55

3.4

36 months

4

4.3

2.55

3.4

04 – 15 years

Source: MSB

SOURCEcafef
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