Which bank has high interest rates?

Military Commercial Joint Stock Bank (MB) increased 0.2%/year for deposit interest rates for terms of 1-5 months, applied from now until May 31, with no minimum deposit required.

According to the latest online interest rate table, the interest rate for a 1-month term is 3.9%/year; 2-month term is 4%/year; 3-5-month term is 4.2%/year, 0.2%/year higher than the normal interest rate. This is MB’s second adjustment of deposit interest rates in April, as previously, the bank reduced the interest rate by 0.1%/year for a 12-18-month term.

Deposit interest rates at — Some banks continue to reduce deposit interest rates. Illustrative photo

Meanwhile, Vietnam Technological and Commercial Joint Stock Bank (Techcombank) reduced deposit interest rates by 0.1%/year for all terms from 1-36 months.

Specifically, for deposits under 1 billion VND for a term of 1-2 months, the rate is 3.15%/year; 3-5 months, 3.45%/year; 6-11 months, 4.45%/year; 12-36 months, 4.65%/year.

Deposits from 1 billion VND to under 3 billion VND, interest rate for 1-2 month term is 3.25%/year; 3-5 months 3.55%/year; 6-11 months 4.5%/year; 12-36 months 4.7%/year.

For deposits of 3 billion VND or more, the highest interest rate for a term of 1-2 months is 3.35%/year; 3-5 months 3.55%/year; 6-11 months 4.55%/year; 12-36 months 4.75%/year.

For terms of 12 months or more, some banks apply quite high interest rates, but with special conditions such as requiring a large deposit balance or applying to separate savings products.

For example, An Binh Commercial Joint Stock Bank (ABBank) offers a mobilization interest rate of up to 9.65%/year for deposits from VND1,500 billion. Or Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) applies an interest rate of 7.7%/year for a 12-month term and 8.1%/year for a 13-month term but the minimum balance is VND500 billion.

Vikki Bank digital bank applies an interest rate of 7.5%/year for deposits with a term of 13 months or more, with a minimum amount of VND 999 billion. Bac A Commercial Joint Stock Bank (Bac A Bank) offers the highest interest rate of 6.1% with a term of 18-36 months for deposits over VND 1 billion.

Or at Loc Phat Commercial Joint Stock Bank (LPBank), with deposits of 300 billion VND or more, the mobilization interest rate applied to customers receiving interest at the end of the term is 6.5%/year, receiving monthly interest is 6.3%/year and receiving interest at the beginning of the term is 6.07%/year.

Source: https://hanoimoi.vn/ngan-hang-nao-co-lai-suat-huy-dong-cao-700907.html