Dong A Bank has officially adjusted its savings interest rates, effective September 26th. The bank has increased rates by 0.1%/year for all terms ranging from 13 to 36 months.
As a result, the savings interest rates for terms after 13 months have been raised to 6.1%/year by Dong A Bank.
For other terms, Dong A Bank has maintained the previous rates. Specifically, the interest rates for 1-2 month terms remain at 3.8%/year, 3-5 month terms at 4%/year, 6-8 month terms at 5.2%/year, 9-11 month terms at 5.5%/year, and 12-month terms at 5.8%/year.
Following the adjustment, Dong A Bank now offers the highest interest rate in the market for 13-month terms, standing at 6%/year for regular deposits. Additionally, the bank continues to offer bonus interest rates based on the deposit amount. For deposits between VND 200 million and VND 500 million, a bonus rate of 0.05%/year is applied. Deposits ranging from VND 500 million to VND 1 billion receive a bonus of 0.1%/year, while deposits of VND 1 billion and above are eligible for a 0.15%/year bonus.
Dong A Bank also maintains a “special interest rate” of up to 7%/year for deposits of VND 200 billion and above, with a term of 13 months.
Dong A Bank is currently under special control, and since August, it has made multiple adjustments to its savings interest rates. Earlier in September, the bank significantly increased savings rates, with an average increase of 0.2-0.6%/year. In August, Dong A Bank also adjusted its deposit rates twice.
As of now, 12 banks have raised their deposit rates since the beginning of September, including Dong A Bank, OceanBank, VietBank, GPBank, Agribank, Bac A Bank, NCB, OCB, BVBank, ACB, PGBank, and Nam A Bank. Among these, OceanBank and Dong A Bank have increased their rates for the second time this month.
The Top High-Interest Savings Account Bank in the System Raises Rates Even Higher
For the second time this September, OceanBank has raised its savings interest rates, offering customers an even more attractive deal.
The Great Savings Interest Rate Surge
We are thrilled to announce that our bank is raising its savings interest rates starting today, September 17th. This decision reflects our commitment to delivering exceptional value to our esteemed customers. With this rate increase, we aim to empower our customers to grow their hard-earned savings and achieve their financial goals. Stay tuned for more updates, and thank you for choosing [Bank Name].
4 Banks Offering Over 7% Interest on Savings Accounts in September
To earn an interest rate of over 7% per annum, a minimum deposit of 200 billion VND is required by the banks.