Sky-high interest at the beginning of the month

Interest rate fluctuations 1.9: Sky-high interest rates at the beginning of the month. Photo: Mai Anh.

According to Lao Dong, last August, the market recorded 17 banks increasing savings interest rates, including: Eximbank, ACB, Agribank, Sacombank, Saigonbank, VietBank, TPBank, CBBank, VIB, Dong A Bank, VPBank, Techcombank, SHB, VietBank, PVCombank, Nam A Bank, HDBank.

Following the trend of increasing interest rates, the general level of savings interest rates has increased significantly compared to many previous months. Accordingly, the interest rate for 6-9 month terms has exceeded 5.0%/year; interest rate for 12-36 month terms, many banks listed above 6.0%/year.

Where is the best place to send money?

Highest interest rate for 1-3 month term

According to Lao Dong, at the 1-month term, the highest deposit interest rate currently belongs to CBBank with an interest rate of 3.8%/year. OCB, NCB, MSB, BVBank, Bac A Bank currently pay interest of 3.7%/year for this term.

At the 3-month term, the highest interest rate is 4.3%/year currently listed by Eximbank. The next highest interest rate is 4.1%/year currently listed by ABBank, Bac A Bank. The rate of 4.0%/year is listed by NCB, CBBank, BaoVietBank and Bac A Bank.

Highest interest rate for 6-9 month term

At the 6-month term, CBBank jumped to the top with an interest rate of 5.55%/year. NCB paid an interest rate of 5.35%/year. Next was the interest rate of 5.3%/year at ABBank.

At the 9-month term, the highest interest rate is 5.7%/year at ABBank, followed by 5.55%/year at NCB, then 5.5%/year, currently listed by BVBank and CBBank.

Highest interest rate for 12 month term

At the 12-month term, ABBank, after the adjustment, is still leading, listing an interest rate of 6.0%/year for this term. Following is the interest rate of 5.8%/year at Bac A Bank, BVBank and BaoVietBank.

Details of deposit interest rates at banks, updated on September 1, 2024