Special savings interest rate in early 2024: Earn 10% interest/year

For the same term, customers can enjoy 5%/year or 10%/year interest. The survey shows that at the beginning of January 2024, many banks continued to adjust savings interest rates. Currently, regular depositors only get interest rates of 2.5% – 5%/year for terms ranging from 1 month to 60 months.

However, some banks still maintain high savings interest rates and minimum amounts of hundreds or trillions of dong for qualifying long-term deposit customers.

Generally, in the newly published interest rate table of PVComBank, the applicable highest interest rate is 10%/year. However, the conditions for enjoying this interest rate are that the deposit balance must reach VND2 trillion or more, with a term of 12 to 13 months. Compared with December, the rate fell by 0.5%.

Or like Techcombank (HM:), which recently lowered savings rates across all tenors to a range of 2.6-4.9% per annum. For deposits of VND999 billion or above, the term is 12 months, and the end-of-period interest is still the highest interest rate of 9.5% per year. Banks require customers to promise not to withdraw funds before maturity.

At MSB Bank, the maximum savings interest rate for customers with deposits of VND500 billion is 8.5% per year, with terms of 12 months and 13 months. The average interest rate for periods of 1 – 36 months (for amounts below VND 500 billion) is only about 3 – 4.6%/year, with interest charged at the end of the term.

At HDBank (HM:), customers who deposit VND300 billion or more over the counter with terms of 12 months and 13 months will enjoy interest rates of 8-8.4%/year. For amounts below 300 billion VND, the interest rate is only 5.5%-5.7% for the same term as above.

As for ACB (HM:), the bank currently offers an interest rate of 5.6% per year, with a 13-month term, for savings customers with deposits above VND200 billion. This “special” interest rate is only about 1% higher than the lower deposit interest rate.

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