Which bank has the highest interest rate now?
PVcomBank is currently the bank with the highest savings interest rate in the market, up to 10% applied to a 12-13 month deposit term and requires a minimum deposit of 2,000 billion VND.
Ranked second is HDBank, which applies 8.4%/year for a 13-month term with the condition of maintaining a minimum balance of VND300 billion and 8%/year for a 12-month term.
At 6-month term, savings interest rates of banks in the system fluctuate from 3.25% - 5.5%/year.
At 12-month term, savings interest rates of banks in the system fluctuate from 4.3% - 10%/year.
At 24-month term, savings interest rates of banks in the system fluctuate from 4%-6.3%/year.
Statistics of banks with the highest savings interest rates today:
Compare highest bank interest rates for 6-month term
Compare highest bank interest rates for 12-month term
Compare highest bank interest rates for 24-month term
Mr. Pham Chi Quang, Director of the Monetary Policy Department (State Bank) said that currently in market 1, the overnight interest rate between banks is very low at 0.2 - 0.5%, creating very good conditions for commercial banks to have room to lend at low interest rates. In market 2, the average mobilization interest rate of commercial banks applied to newly arising transactions is only about 3.9%/year, the average lending interest rate for newly arising transactions is at 6.7%/year, down over 2% compared to the end of 2022.
“It can be said that both deposit and lending interest rates at commercial banks at present are much lower than before the COVID-19 pandemic,” said Mr. Quang.
Regarding the gap between lending and deposit interest rates, Deputy Governor of the State Bank Dao Minh Tu said that the remaining high interest rates are from previous terms because commercial banks mobilized at high interest rates. "But certainly by 2024, this level will no longer be maintained," the Deputy Governor emphasized.
Interest rate information is for reference only and may change from time to time. Please contact the nearest bank transaction point or hotline for specific advice.
Readers can see other articles about the highest bank interest rates HERE.
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