Which bank has the best savings interest rate in May 2025?

For a 12-month term, Vietbank currently has a fairly preferential interest rate of 5.8%/year, followed by Saigonbank and Bac A Bank (5.6%/year), VRB, HDBank, ABBank and NCB (5.5%/year), PGBank (5.4%/year), VietABank, MSB, Kien Long and Nam A Bank (5.3%/year)...

For the 6-month term, Vietbank is still the bank with the highest interest rate of 5.4%/year. Following are NCB (5.25%/year), HDBank and ABBank (5.2%/year), VRB and BVBank (5.1%/year), Bac A (5.15%/year)...

For a 3-month term, the banks with the best interest rates are Vietbank (4.4%/year), NCB (4.1%/year), BVBank, Bao Viet and Bac A (4%/year)...

In the group of state-owned commercial banks, the interest rate table for savings deposits at the counter in early May 2025 has not changed compared to the same period in April 2025.

Which bank's savings interest rate is the most preferential in May 2025? (Illustration photo)

Specifically, the interest rate table at Vietcombank remains unchanged for all terms; the interest rate for 6- and 9-month terms is 2.9%/year; 12-month term is 4.6%/year; and 24-month term or more is 4.7%/year.

4.7%/year is also the highest interest rate currently applied by Vietcombank for terms of 12 months or more.

At BIDV, the interest rate level remains stable, the interest rate for 6- and 9-month savings deposits continues to be listed at 3.0%/year; 12-month term is 4.7%/year and 24-month term is 4.8%/year.

At VietinBank, savings interest rates for 6- and 9-month terms continue to be listed at 3.0%/year; 12-month term is 4.7%/year; 24-month term is 4.8%/year.

The market also recorded high interest rates for special conditions with large deposits. For example, ABBank applies an interest rate of 9.65%/year for savings deposits of VND 1,500 billion or more, with a term of 13 months; PVcomBank applies an interest rate of 9%/year for customers with savings deposits of VND 2,000 billion or more, with a term of 12-13 months; HDBank applies an interest rate of 8.1%/year for a term of 13 months, with a minimum savings balance of VND 500 billion...

Mr. Nguyen Quoc Hung, Vice Chairman and General Secretary of the Vietnam Banks Association, said that reducing lending interest rates is necessary to serve the goal of economic growth. However, in the context of difficult to reduce deposit interest rates further, balancing liquidity remains a big challenge for banks.

Ngoc Vy

Source: https://vtcnews.vn/lai-suat-tiet-kiem-ngan-hang-nao-uu-dai-nhat-thang-5-2025-ar941194.html