VPBank Cuts Deposit Rates; Highest Online Rate Now 7.1% a Year

VPBank (Vietnam Prosperity Joint Stock Commercial Bank) lowered personal deposit rates for some terms at branches and online, according to its rate schedule updated on November 14. After the changes, the highest online rate for individuals depositing less than VND 1 billion and receiving interest at maturity is 7.1% a year, available for 15-month and 18-month terms.

VPBank has cut personal deposit rates for some terms, with its highest online rate now at 7.1% a year.（VietVance）

For deposits made at branches, annual rates for 15-month and 18-month terms fell from 6.9% to 6.5%, a drop of 0.4 percentage points; the 24-month rate fell from 6.9% to 6.7%. Rates for terms of one to 13 months and 36 months were unchanged. The rate is 6.4% for 12- and 13-month terms and 5.8% for the 36-month term. The highest branch deposit rate is 6.7% a year for the 24-month term.

For online deposits, annual rates for one- and two-month terms fell from 4.75% to 4.65%; rates for 15- and 18-month terms both fell from 7.4% to 7.1%; and the 24-month rate fell from 7.1% to 6.9%. Among the other listed terms, the rate is 6.6% for six to 11 months, 6.7% for 12 to 13 months and 6.0% for 36 months.

On a VND 100 million deposit for 18 months with interest paid at maturity, an online depositor is expected to earn VND 10.65 million in interest, VND 450,000 less than before the adjustment. A branch depositor is expected to earn VND 9.75 million, a decrease of VND 600,000. At the end of September 2026, VPBank’s consolidated total assets exceeded VND 1.6 quadrillion, up 27.8% from the end of 2025. Actual deposit rates still depend on when the deposit is made, the amount and the bank’s policies.

Source: VietVance