In September, VPBank, or the Vietnam Prosperity Joint Stock Commercial Bank, is offering interest rates on deposits ranging from 0.4% to 6.0% per annum.
The bank has introduced a range of interest rates corresponding to five tiers of deposit amounts: below VND 1 billion, from VND 1 billion to below VND 3 billion, from VND 3 billion to below VND 10 billion, from VND 10 billion to below VND 50 billion, and VND 50 billion and above.
VPBank’s September Counter Deposit Interest Rates
For over-the-counter deposits, the interest rates offered range from 0.4% to 5.8% per annum.
Specifically, the interest rate for 1- to 3-week terms is set at
0.4%/year
, while the 1-month term offers a range of
3.5% to 3.7%
depending on the deposit amount. The interest rate for 2- to 5-month terms is
3.7% to 3.9%
, and for 6- to 11-month terms, it is currently
4.9% to 5.1%
. The 12- to 18-month term offers an interest rate of
5.4% to 5.5%
, while the 24- to 36-month term falls within the range of
5.7% to 5.8%
.
VPBank’s September 2024 Counter and Online Deposit Interest Rates
Source: VPBank
VPBank’s September Online Deposit Interest Rates
For online deposits, the interest rates offered are 0.1% higher than counter deposits for terms of 1 month and above.
Specifically, the 1- to 3-week term has a fixed interest rate of
0.4%/year
, while the 1-month term offers a range of
3.6% to 3.9%
. The 2- to 5-month term has an interest rate range of
3.8% to 4.0%
, the 6- to 11-month term is
5.0% to 5.2%
, and the 12- to 18-month term is
5.5% to 5.6%
. For the 24- to 36-month term, the interest rate is
5.8% to 5.9%
.
Additionally, VPBank offers a priority customer policy, where customers with a minimum deposit balance of VND 100 million and a minimum term of 1 month will receive an additional 0.1% interest rate on top of the current listed rates.
Thus, the highest interest rate offered by VPBank can reach 6.0% for priority customers who deposit online with amounts of VND 10 billion and above for the 24- to 36-month term. For smaller amounts, the maximum savings interest rate applied at VPBank is 5.9% per annum.
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VPBank, one of Vietnam’s leading commercial banks, has recently announced an adjustment to its savings interest rates.
