Bank interest rates on April 15: The highest rate for 6-month term is 5.7% - Lang Son Newspaper and Radio and Television

According to the latest statistics of the Vietnam Banks Association (VNBA), since February 25, 27 domestic commercial banks have reduced deposit interest rates by 0.05-0.2 percentage points for both over-the-counter and online deposits, applicable for terms from 1-60 months.

The current highest interest rate for a 6-month term is 5.7%/year at VCBNeo (online deposit), while GPBank maintains the highest rates for 9- and 12-month terms at 5.7% and 6.05%/year, respectively, also via online channels.

While domestic commercial banks mainly maintain or adjust interest rates downward, some foreign bank branches in Vietnam have taken opposite actions.

A typical example is CIMB Bank Vietnam, the only foreign bank that unexpectedly increased interest rates in April. Interest rates for 1, 2 and 3-month terms increased by 0.6, 0.5 and 0.2 percentage points respectively.

Currently, CIMB's standard deposit interest rates are as follows: 3-month term 4.2%/year, 6-month term 5%/year, 9-month term 5.1%/year and 12-month term 5.3%/year.

CIMB also applies a tiered interest rate schedule for priority customers, with the highest rate being 5.9%/year for a 12-month term, for deposits of VND30 billion or more.

With the online platform via ZaloPay, this bank also lists a more attractive interest rate, up to 5.8%/year for a 12-month term.

Special high interest rate 7.5-9.65%

Although the general interest rate level tends to go down, some banks still maintain or announce special high interest rates for customers depositing large amounts of money.

Banks such as ABBank, PVcomBank, HDBank and Vikki Bank are applying interest rates that are superior to the general market. Specifically:

ABBank leads with special interest rates of 9.65%/year for customers opening new/renewing savings deposits of VND 1,500 billion or more, with a term of 13 months.

PVcomBank also applies a special interest rate of 9%/year for a 12-13 month term when depositing money at the counter. The condition is that customers must maintain a minimum balance of VND2,000 billion.

HDBank applies an interest rate of 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 VND500 billion. In addition, an interest rate of 6% is applied for an 18-month term.

Vikki Bank applies an interest rate of 7.5%/year for term deposits of 13 months or more, with a minimum amount of VND999 billion./.

Source: https://baolangson.vn/lai-suat-ngan-hang-ngay-15-4-muc-cao-nhat-o-ky-han-6-thang-la-5-7-5044138.html