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% per annum higher than counter deposits for terms of 1 month and above.
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 at
5.0% to 5.2%
, and the 12- to 18-month term is offered at
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 opt for online deposits of VND 10 billion and above for the 24- to 36-month term. For smaller deposit amounts, the maximum savings interest rate applied at VPBank is 5.9% per annum.
VPBank’s Latest Interest Rates for September: Which Term Deposit Offers the Best Returns?
In September, VPBank offered an attractive interest rate for online savings accounts with a term of 24 months or more.
The Two Main Reasons Behind Rising Deposit Interest Rates
Deposit interest rates continue to rise at many banks in September. Speaking to *Kiem Toan* Newspaper, financial and banking expert, Dr. Nguyen Tri Hieu, attributed this trend to two main reasons.
Latest ACB Bank Interest Rates for September 2024: Maximize Your Returns with Online Deposits, Offering the Highest Interest Rates for 12-Month Terms. Competitive Lending Rates at 6.76% p.a. for New Loans.
In September, ACB offered its highest interest rates on term deposits to individual customers who made online deposits of 12 months or more. The average lending rate for new loans at ACB was 6.87% per annum.
A Bank Increases Savings Rates Across All Terms Starting Today, September 12th.
With the recent rate adjustment, NCB now offers a maximum savings interest rate of 6.15% per annum. This is currently the highest interest rate in the market for regular deposits.
