Latest Lien Viet Post Bank (LPBank) Interest Rates April 2024: Best Interest Rate for Online Deposits With 18-Month Term, Average Short-Term Lending Interest Rate at 7.49% per Year

In April, LienViet Post Joint Stock Commercial Bank (LPBank) implemented the highest interest rate of 5.6% per annum for individual customers, applicable to online deposits with terms of 18-60 months. The average interest rate for short-term lending incurred during the month of March was 7.49% per annum.

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LPBank Deposit Interest Rates for Individual Customers as of April 2024

According to the latest survey, LPBank’s deposit interest rates for regular individual customers making over-the-counter deposits and receiving interest at the end of the term range from 0.2% – 5.3%/year.

Specifically, short-term deposit terms under 1 month have a unified interest rate of 0.2%/year; 1-month and 2-month terms earn interest at 1.8%/year; 3-5 month terms are 2.1%/year; 6-11 month terms are 3.2%/year; 12-18 month terms are  5%/year.

The highest interest rate for regular customers making over-the-counter deposits is 5.3%/year, applicable to terms of 24–60 months.

In addition to the end-of-term interest payment method, LPBank also offers other flexible interest payment options for customers to consider and choose from, such as: receiving interest in advance (interest rates 1.79 – 4.79%/year), receiving interest monthly (interest rates 1.8 – 5.05%/year),  receiving interest quarterly (interest rates 3.17 – 5.07%/year).

Notably, for new deposits or 13-month term renewals with a minimum amount of VND 300 billion, customers will be applied a preferential interest rate of 6.7%/year.

LPBank Over-the-Counter Deposit Interest Rates for Individual Customers as of April 2024

Term

VND Interest Rate

Interest paid in advance

Interest paid monthly

Interest paid quarterly

Interest paid at the end of the term

01 week

–

–

–

0.2

02 weeks

–

–

–

0.2

03 weeks

–

–

–

0.2

01 month

1.79

–

–

1.8

02 months

1.79

1.8

–

1.8

03 months

2.08

2.1

–

2.1

04 months

2.08

2.09

–

2.1

05 months

2.08

2.09

–

2.1

06 months

3.15

3.18

3.19

3.2

07 months

3.14

3.17

–

3.2

08 months

3.13

3.17

–

3.2

09 months

3.12

3.17

3.17

3.2

10 months

3.11

3.16

–

3.2

11 months

3.1

3.16

–

3.2

12 months

4.76

4.89

4.91

5

13 months (*)

4.74

4.88

–

5

15 months

4.7

4.86

4.88

5

16 months

4.68

4.85

–

5

18 months

4.65

4.83

4.85

5

24 months

4.79

5.05

5.07

5.3

25 months

4.77

5.04

–

5.3

36 months

4.57

4.93

4.95

5.3

48 months

4.37

4.82

4.84

5.3

60 months

4.19

4.71

4.73

5.3

Source: LPBank.

LPBank Online Deposit Interest Rates for Individual Customers as of April 20