How to get high interest rates on savings?

Many banks offer savings interest rates of over 7%/year with conditions. Accordingly, online savings have higher interest rates than at the counter.

Interest rate especially high 7 - 9.5%

Early November, savings interest rate much bank listed at high level. 6 bank with interest rates above 7%/year include: PVcomBank, HDBank, MSB, Dong A Bank. However, to receive this interest rate, the bank offers special conditions.

PVcomBank is currently leading in special interest rates when customers send money at the counter, with 9.5%/year for a term of 12-13 months. However, the condition to receive this interest rate is that customers must have a minimum deposit balance of 2,000 billion VND.

Next is HDBank with a particularly high interest rate, up to 8.1%/year for a 13-month term and 7.7%/year for a 12-month term, with the condition of maintaining a minimum balance of 500 billion VND.

MSB applies interest rates for deposits at the counter up to 8%/year for 13-month term and 7%/year for 12-month term. Applicable conditions are book save Newly opened or savings books opened from January 1, 2018 will automatically renew with a term of 12 months, 13 months and a deposit amount of 500 billion VND or more.

Dong A Bank has deposit interest rates, terms of 13 months or more, with deposits of 200 billion VND or more applying an interest rate of 7.5%/year.

Bac A Bank applies an interest rate of 6.35%/year for a 24-month term, applicable to deposits over 1 billion VND. In addition, an interest rate of over 6%/year is also being listed by some banks for long-term deposits but without a minimum deposit requirement.

Many banks have attractive savings interest rates with conditions.

Currently, Cake by VPBank applies an interest rate of 6.1%/year for a 12-month term; OceanBank applies an interest rate of 6.1%/year for a 24-month term; ABBank applies an interest rate of 6.3%/year for a 24-month term.

BVBank and Cake by VPBank also interest rate 6%/year, 24-month and 12-month terms; VRB and Dong A Bank apply 6%/year interest rate for 24-month terms; SaigonBank applies 6%/year interest rate for 13, 18 and 24-month terms, 6.1%/year for 36-month terms.

Online deposit interest rate is higher than deposit at counter

According to the interest rate policy for online deposit At SeABank, customers will receive an interest rate incentive of up to 0.5%/year when making online savings deposits, applicable to deposits from 100 million VND for terms of 6, 12, 13 months.

With the policy of adding 0.5%/year interest rate for customers depositing from 100 million VND, SeABank's 6-month term interest rate will be up to 4.45%/year and 12-month term interest rate will be up to 5.2%/year.

Asia Commercial Joint Stock Bank (ACB) recently sent an email announcing that the deposit interest rates for some terms are higher than the listed interest rates. Accordingly, the 3-month deposit interest rate is up to 4.2%/year when saving online, while the online mobilization interest rate according to the official listed interest rate table of this bank is only 3.5%/year.

MSB Bank lists online deposit interest rates with the highest interest rate of 5.6%/year, applied to term deposits of 12-36 months...

In the survey results on business trends of credit institutions in the fourth quarter of 2024, the Forecasting Department - State Bank shows that, for the whole year of 2024, credit institutions forecast that the mobilization interest rate will increase by 0.1%/year and the lending interest rate will decrease by 0.9%/year compared to the end of 2023.

Capital mobilization across the system is expected by credit institutions to increase by an average of 3.2% in the fourth quarter of 2024 and by 7.9% in 2024.

Economist Dinh Trong Thinh said that at the end of the year, banks' capital demand is increasing to boost growth. credit growth. When the demand for loans people large, the bank's loan capital is in a state of tension. Therefore, banks must also actively mobilize and attract deposits.

Mr. Thinh said that the Government always wants to support businesses to recover and grow, so it has asked the Bank to minimize costs to reduce or stabilize interest rates as they are now. "Loan interest rates will not increase but decrease slightly, while deposit interest rates may increase slightly or remain the same in the last two months of the year," Mr. Thinh said.

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