Every month there is an additional 100,000 billion VND in savings deposited in the bank.

According to the latest data from the State Bank, by the end of July, people's savings deposited in the banking system reached nearly 7.75 quadrillion VND.

According to the State Bank, the amount of money deposited by residents in banks has reached nearly 7.75 million billion VND - Photo of deposit statistics data - Photo: LE THANH

After 8 years, people's savings in banks doubled.

According to statistics from the State Bank, compared to the end of 2024, the amount of savings deposited in banks increased by 9.7%, equivalent to 700,000 billion VND, reaching 7,748 million billion VND. On average, from the beginning of the year until now, each month there is an additional 100,000 billion VND of savings from residents deposited in banks.

Compared to the same period in 2017, that is, 8 years ago, the amount of savings deposited by people in banks doubled. Specifically, in 2017, the amount of deposits of residents reached 3.86 billion VND, and now it has reached 7.748 billion VND.

Thus, the amount of money people deposit in banks has increased continuously, each month higher than the previous month since July 2022 until now.

According to the State Bank, savings deposits of economic organizations and enterprises also reached a record level of VND 7,978 billion, an increase of more than 4% compared to the end of 2024.

6-month savings interest rate has exceeded 6%/year

According to Tuoi Tre Online , the trend of savings interest rates has increased. As of mid-October, the interest rates for deposits with terms of 6 months or less at many private commercial banks are increasing, exceeding 6% is quite common such as Bac A Bank , HDBank, Vikki Bank... depending on the deposit amount and term.

For example, at Bac A Bank, the interest rate of 6%/year applies to deposits of 1 billion VND or more with terms of 18-36 months.

Vikki Bank lists online savings interest rates of 6%/year for term deposits from 6-11 months.

It is worth mentioning that the actual interest rate paid at many banks is 1-1.5% higher than the listed rate, depending on the deposit amount. For example, at VPBank , the 6-month deposit interest rate for deposits of 300 million VND or more is 6.15%/year, 1.15% higher than the listed rate.

In particular, some banks list savings interest rates of nearly 10%/year for deposits of 50 - 2,000 billion VND.

Typically, ABBank lists the highest interest rate of up to 9.65%/year for 3-month term deposits with an amount of 1,500 billion VND or more.

PVCombank applies interest rates of up to 9%/year for deposits of up to 2,000 billion VND at the counter for a term of 12 or 13 months.

In contrast to private banks, the interest rates at the four state-owned banks have remained stable for many months, with the highest interest rates for 12- and 18-month terms at 4.6-4.8% per year. The interest rates for 6- and 9-month terms are only 2.9-3.7% per year.

Of which, Vietcombank has the lowest listed interest rate with a 1-month term of only 1.6%/year; 3-month term is 1.9%, 6-month term is 2.9%/year, and 12-month term is 4.6%/year.

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LE THANH

Source: https://tuoitre.vn/moi-thang-co-them-100-000-ti-dong-tien-tiet-kiem-gui-vao-ngan-hang-2025102013060128.htm