WHICH BANK HAS THE HIGHEST SAVINGS INTEREST RATE IN JULY 2023?
Which bank offers the highest savings interest rate? This topic is of great interest, especially during an economic crisis when households are tightening their budgets and seeking ways to accumulate and save. The following article will provide readers with the most detailed interest rate table of banks in Vietnam as of July 2023.
1. Updated Bank Savings Interest Rates as of July 2023
Since June 19, 2023, the State Bank has implemented a policy to reduce interest rates. Consequently, banks have simultaneously lowered interest rates across various terms. By July 2023, interest rates continued to decline. Refer to the bank savings interest rate table updated as of July 2023 below.
Source: Industry and Trade Newspaper - The press agency of the Ministry of Industry and Trade of Vietnam
As of July 2023, PVcombank has the highest savings interest rate in the market - 11.5% per annum. The condition to enjoy this interest rate is a deposit of over 2,000 billion VND with a term of 12 and 13 months. If the deposit is under 2,000 billion VND, PVcomBank applies an interest rate of 7.2% per annum.
The bank with the second-highest interest rate is ABBANK - 10.9%. The condition to benefit from this interest rate is a deposit of at least 1,500 billion VND with a 13-month term - interest paid at the end of the term.
2. Updated Savings Interest Rates of the Most Prestigious Banks
Saving money in banks is the least risky, stable, and safest form of investment. Below are the top 5 reputable banks where you can confidently save your money.
Vietcombank
Vietcombank is currently one of the largest banks in Vietnam. Vietcombank offers a 6-month term interest rate of 5.2% and a 12-month term rate of 6.3%.
Techcombank
Techcombank is considered the most prestigious joint-stock commercial bank in Vietnam and one of the leading banks in Asia. Techcombank is highly rated with an interest rate of 6.9% for terms from 6 to 12 months.
Vietinbank
Vietinbank is among the top 2 banks with the largest charter capital in the industry. Currently, Vietinbank applies a 6-month term interest rate of 5% and a 12-month rate of 6.3%.
VP Bank
As part of the young and dynamic group of joint-stock commercial banks, VP Bank is gradually affirming its position as a strong bank. The interest rate of this bank is also highly rated with 6.7% for a 6-month term and 12 months.
MB Bank
Military Bank MB currently has quite competitive interest rates among the most prestigious and safest banks, specifically 6.4% for a 6-month term and 7% for a 12-month term.
3. Join Anfin to Enjoy Attractive Interest Rates up to 7.2% per annum
Besides saving money in banks, participating in savings on the Anfin app is also an attractive investment option. By registering an account and participating in savings on Anfin, you will receive an interest rate of up to 8.5% per annum.
In addition to savings products, you can also choose other financial products on Anfin such as stocks and fund certificates to diversify portfolios and optimize investment returns.
Visit the Anfin app now to experience the safest, fastest, and most convenient financial investment!