For the 1-2 month term, Vietcombank offers a saving interest rate of 1.6%/year. Agribank offers a slightly higher interest rate of 1.7%/year, while BIDV and VietinBank provide a rate of 2%/year.
Moving on to the 3-month term, BIDV and VietinBank offer a competitive rate of 2.3%/year. Agribank follows closely with 2%/year, and Vietcombank provides a rate of 1.9%/year.
At the 12-month mark, Vietcombank’s interest rate is 4.6%/year. The remaining three banks offer a slightly higher rate of 4.7%/year.
For the 24-month term, Agribank and Vietcombank have the same interest rate of 4.7%/year. BIDV offers a rate of 4.9%/year, and VietinBank leads with 5%/year.
In the case of the 36-month term, Vietcombank has the lowest interest rate of 4.7%/year. Agribank offers a slightly higher rate of 4.8%/year, followed by BIDV at 4.9%/year. VietinBank continues to offer the highest interest rate among the Big 4 banks, with an impressive 5%/year.
Currently, the Big 4 banks still offer relatively low-interest rates for savings accounts compared to the market.
Updated savings interest rates for the Big 4 banks.
A market survey reveals that the highest interest rate for a regular deposit currently stands at 6.1%/year. Cake by VPBank offers this rate for the 24-36 month term. NCB and OceanBank provide the same rate for the 24-month term, and SaigonBank matches it for the 36-month term.
BVBank offers an attractive 6% interest rate for the 24-month term. Cake by VPBank maintains a 6%/year rate for the 12-18 month term. VRB and SaigonBank also offer a 6% rate for the 24-month and 13, 18, and 24-month terms, respectively. ABBank rounds up this category with a 6.0%/year rate for the 12-month term.
For the 9-month term, ABBank takes the lead with a 5.7%/year interest rate. CBBank offers the highest rate of 5.55%/year for the 6-month term. Eximbank stands out with a 4.3%/year rate for the 3-month term, and CBBank offers the highest rate of 3.8%/year for the 1-month term.
Should We Abandon the Credit Growth Target?
The State Bank has instructed credit institutions to focus on achieving healthy, efficient, and safe credit growth, in addition to their assigned credit targets.
Who Benefits from the USD Breaking the 25,000 VND Mark?
The US dollar has been on a downward trajectory over the past few days, falling below the 25,000 VND/USD mark. This positive development is set to boost import activities and have a significant impact on the economy.
A Sigh of Relief with Exchange Rates
The cooling-off exchange rate gives the State Bank more leeway in monetary policy management, easing inflationary pressures.
