Which bank interest rate is the most profitable?

From now until the end of the year, which savings term is most beneficial is a question of interest to many customers, especially when banks apply very different interest rates.

Agribank leads the Big4 group

In the Big4 group (Agribank, Vietcombank, BIDV , VietinBank), savings interest rates for individual customers currently fluctuate between 1.6% - 4.8%/year, applied for terms of 1-36 months, interest is received at the end of the term.

In particular, Agribank continues to hold the highest interest rate in most short and medium terms. Specifically:

Term 1-2 months: Agribank applies 2.1%/year, higher than the 1.6%/year of the other three banks.

3-5 month term: Agribank listed 2.4%/year, while Vietcombank , BIDV, VietinBank stopped at 1.9%/year.

Term 6-11 months: Agribank pays 3.5%/year, about 0.5 percentage points higher than banks in the same group.

12-month term: Vietcombank is the lowest at 4.6%/year, while the remaining three banks apply 4.7%/year.

Term of 24 months or more: Vietcombank anchors at 4.7%/year, while Agribank, BIDV, VietinBank are all at 4.8%/year.

Some banks apply over 6%/year

In addition to the Big4 group, many commercial banks are offering interest rates from 6%/year for long terms, with no minimum deposit required.

Cake by VPBank applies 6%/year for terms of 12-18 months and 24-36 months.

HDBank listed 6% for 18-month term.

BVBank pays 6%/year for 48-month term and 6.1% for 60 months.

Viet A Bank applies 6%/year for 36-month term.

Bac A Bank offers 6% for 18-36 month terms.

Special interest rate up to 9.65%/year

The highest interest rate on the market currently ranges from 6-9.65%/year, but comes with many special conditions such as very large deposits.

ABBank leads with 9.65%/year for new or renewed customers depositing from 1,500 billion VND or more, term of 13 months.

PVcomBank applies 9%/year for 12-13 month term, condition is to maintain minimum balance of 2,000 billion VND.

HDBank offers 8.1%/year for 13-month term, 7.7%/year for 12-month term, requiring a minimum of VND500 billion.

Vikki Bank applies 7.5%/year for terms from 13 months, minimum 999 billion VND.

LPBank pays 6.5%/year for customers depositing from 300 billion VND or more (received at the end of the term).

Viet A Bank has a Savings product called Dac Tai, with interest rates from 6%/year (6-month term) up to 6.8%/year (18-month term), requiring a minimum of 100 million VND, transacted at the counter.

Thus, individual customers can choose to deposit in the Big4 group for peace of mind, but the interest rate is only around 2-4.8%/year. With the need for higher profits, many small banks offer interest rates above 6%, but if you want to enjoy the "huge" rate of 7-9.65%/year, you need a very large deposit amount with special conditions.

PV (synthesis)

Source: https://baohaiphong.vn/lai-suat-ngan-hang-nao-dang-sinh-loi-tot-nhat-520843.html