Which Bank Offers the Highest Savings Interest Rate in October 2025?

For a 12-month term, one of the banks offering the most competitive interest rates is VIKKI Bank, at 6.2% per annum. Following closely are VietBank and MBV (5.8% p.a.), GPBank (5.65% p.a.), MSB (5.6% p.a.), Woori Bank, Bac A Bank, VCBNEO (5.5% p.a.), and LPBank (5.4% p.a.), among others.

For a 6-month term, VIKKI Bank leads with the best rate at 6% p.a., followed by VCBNEO (5.6% p.a.), MBV (5.5% p.a.), Bao Viet Bank (5.45% p.a.), VietBank (5.4% p.a.), Techcombank (5.15% p.a.), and Woori Bank (4.5% p.a.), to name a few.

For a 1-month term, VCBNEO and VIKKI Bank offer the highest rates at 4.35% p.a. Eximbank follows with 4.3% p.a., and Viet Bank and MBV offer 4.1% p.a.

Notably, in early October, several banks, while largely maintaining their interest rates, launched programs offering additional interest rates for savings account holders. These bonuses typically range from 0.2% to 0.5% p.a., depending on the term or deposit amount.

For instance, Woori Bank, a South Korean bank, offers an additional 1.5% p.a. for accounts over 5 billion VND, 1.2% for accounts between 2 and 5 billion VND, 0.9% for accounts between 1 and 2 billion VND, and 0.6% and 0.3% for accounts ranging from 500 million to 1 billion VND and 200 million to 500 million VND, respectively.

As a result, Woori Bank’s online deposit interest rate, after promotions, reaches up to 6% p.a. for terms of 24 months or more. This is a rate that not all banks, especially foreign ones, can match.

MB Bank offers an additional savings interest rate of up to 0.8% p.a. for online savings deposits made through the MB Bank app from September 29 to October 14.

According to financial experts, the deposit interest rate landscape is in a “selective” phase, with banks in need of capital slightly increasing rates, while larger banks maintain stability to control funding costs.

Banks must balance profitability with liquidity risks. In the medium term (3-6 months), long-term interest rates may see slight increases, but significant jumps are unlikely due to cost pressures and regulatory requirements.

For individuals seeking to optimize returns while maintaining flexibility, consider splitting funds into two portions: one for medium-term deposits (6-12 months) and the other for long-term deposits (18-36 months) to benefit from higher yields.