“Interest Rates: Uncovering Attractive Deals Amidst Low Rates”
Illustration. (Source: Vietnam+)
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While the overall deposit interest rate landscape remains subdued, a select few commercial banks are offering super-high interest rates ranging from 7.5% to 9.65% per annum. However, these rates come with special requirements regarding the deposit amount.
Additionally, eight banks are offering interest rates of 6% per annum for longer-term deposits. Among these, three banks require a minimum deposit of 300 billion VND or more to qualify for the special rate, while five other banks offer the same rate for long-term deposits without any special conditions.
Super-high Interest Rates: 7.5% to 9.65%
ABBank currently leads the market with a record-high interest rate of 9.65% per annum for 13-month deposits. To qualify for this rate, customers must open a new account or renew an existing one with a deposit of 1,500 billion VND or more.
PVcomBank offers an interest rate of 9% per annum for 12-13 month terms, but customers are required to maintain a minimum balance of 2,000 billion VND and make the deposit at a transaction counter.
HDBank is also offering competitive rates, with 8.1% per annum for 13-month deposits and 7.7% per annum for 12-month deposits for amounts of 500 billion VND or more.
Vikki Bank advertises an interest rate of 7.5% per annum for terms of 13 months or more, with a minimum deposit requirement of 999 billion VND.
Interest Rates at 6% with Minimum Balance Requirements
LPBank is offering flexible interest rates for deposits of 300 billion VND or more, with a rate of 6.5% per annum for end-of-term interest payments and 6.3% per annum for monthly interest payments.
ACB provides an interest rate of 6% per annum for 13-month terms with a minimum balance of 200 billion VND or more.
IVB offers an interest rate of 6.15% per annum for 36-month terms, but the minimum balance requirement is a hefty 1,500 billion VND.
Interest Rates at 6% with No Conditions
Cake by VPBank provides an attractive interest rate of 6% per annum for terms ranging from 12 to 18 months and 24 to 36 months.
HDBank offers a competitive 6% interest rate for 18-month terms.
BVBank also stands out with an interest rate of 6.1% per annum for 60-month terms and 6.0% per annum for 48-month terms.
VietABank maintains a 6.0% interest rate exclusively for 36-month terms.
Bac A Bank offers an interest rate of 6% for terms ranging from 18 to 36 months.
– 10:10 28/05/2025
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