Deposit Rates at Six Vietnamese Banks Compared: One Year Rates Reach 6.8%
A November 14 survey of posted personal deposit rates at six Vietnamese banks found one year rates ranging from 4.9% to 6.8%. On a VND 500 million deposit held for one year, Agribank offered the highest calculated interest at VND 34 million.
A survey of posted rates on November 14 found differences in personal term deposit rates at six Vietnamese banks. For a VND 500 million deposit, calculated interest over 12 months ranged from VND 24.5 million to VND 34 million. The figures below are based on the deposit amount, annual interest rate and term.
BIDV, VietinBank and Vietcombank offer the same annual rates for three, nine and 12 month terms: 2.4%, 3% and 5.4%, respectively. On a VND 500 million deposit, the corresponding interest amounts are VND 3 million, VND 11.25 million and VND 27 million.
Deposit interest calculations for BIDV, VietinBank and Vietcombank.（VietVance）
Agribank’s annual rates for the three terms are 4.75%, 6.6% and 6.8%, respectively. On a VND 500 million deposit, interest over three, nine and 12 months would be VND 5.9375 million, VND 24.75 million and VND 34 million, respectively. The 12 month return is VND 7 million higher than at the three banks above.
Deposit interest calculations for Agribank.（VietVance）
SHB’s annual rates for the three terms are 3%, 4.4% and 4.9%, yielding VND 3.75 million, VND 16.5 million and VND 24.5 million in interest, respectively. BAC A Bank’s annual rates are 4.75%, 6.55% and 6.6%, yielding VND 5.9375 million, VND 24.5625 million and VND 33 million, respectively.
Deposit interest calculations for BAC A Bank.（VietVance）
These are posted rates for individual customers surveyed on November 14. Actual rates may vary by the time the deposit is made, the deposit amount, the deposit method and the agreement between the bank and the customer.
Source: VietVance
