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Deposit interest rates at MSB banks in March 2024
In March, the deposit interest rates at MSB counter ranged from 3 – 4% / year.
Specifically, the current deposit terms of 1 – 5 months have the same deposit interest rate of 3% / year, the terms of 6 – 11 months have 3.6% / year. The highest interest rate of 4% / year is applied for the terms of 12 – 36 months.
Note, new savings books or savings books opened from January 1, 2018 automatically renewed with a deposit term of 12 and 13 months and a deposit amount of 500 billion VND will apply an interest rate of 8.5% / year.
Deposit interest rate table “Highest interest rate” at MSB banks in March 2024
|
Unit |
Highest interest rate |
|
|
Deposit at the counter |
Online deposit |
|
|
Withdrawal before maturity |
0 |
0.5 |
|
01 months |
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
MSB online deposit interest rate in March 2024
In addition to counter deposits, MSB also implements online deposit forms with interest rates ranging from 3.5 – 4.3% / year. Compared to the counter deposits, the interest rate for online savings is higher by 0.3 – 0.5% / year.
Specifically, customers depositing money through online application for terms of 1 – 5 months will enjoy an interest rate of 3.5% / year; The terms of 6 – 11 months have an interest rate of 3.9% / year. Currently, the highest online deposit interest rate at MSB is 4.3% / year, reserved for deposits with terms of 12 – 36 months.
It is worth noting that for the “Special Interest Rate” product, customers will have interest rates ranging from 4.4 – 4.6%. However, this deposit product is only for new customers with a maximum deposit amount of 5 billion VND; at the same time, customers can only deposit for terms of 6 months, 12 months, 15 months, and 24 months.
Among which, the interest rate of 4.6% / year is for deposits of 12 months, 15 months, and 24 months. This is also the highest deposit interest rate that MSB is applying for deposits under 500 billion VND.
Deposit interest rate table “Special Interest Rate” at MSB banks in March 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 implementing many other deposit products in March such as: Instant interest payment, Partial withdrawal, Deposit contract, Periodic interest, Sapling, and Golden bee.
MSB Bank interest rates applied to other capital mobilization products
|
Unit |
Partial withdrawal |
Instant interest payment |
||
|
Deposit at the counter |
Online deposit |
Deposit at the counter |
Online deposit |
|
|
Withdrawal before maturity |
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
