The Agricultural and Rural Development Bank of Vietnam (Agribank) is currently offering a stable savings deposit interest rate at the counter across various terms. Specifically, the interest rate for a 1-month term stands at 2.1% per annum, while a 3-month term is set at 2.4% per annum.
For medium-term deposits, Agribank applies an interest rate of 3.5% per annum for terms ranging from 6 to 11 months. Deposits with terms over 12 months currently enjoy a rate of 4.7% per annum, while those with terms between 24 to 36 months benefit from a higher rate of 4.8% per annum.
In addition to counter deposits, Agribank offers more favorable interest rates for online savings deposits. The 1-month term via online channels reaches 2.4% per annum, and the 3-month term is at 3% per annum.
For terms ranging from 6 to 11 months, online savers receive an interest rate of 3.7% per annum, which is 0.2 percentage points higher than counter deposits. For terms over 12 months, Agribank maintains a rate of 4.8% per annum, and specifically for terms between 24 to 36 months, the online interest rate climbs to 4.9% per annum.
Thus, online savings deposits at Agribank yield higher interest rates compared to counter deposits across most terms, particularly for short and medium-term deposits. This policy is part of Agribank’s strategy to encourage digital transactions, aligning with the current trend of banking service digitization.
Agribank Savings Interest Rates: Online vs. Counter.
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