"Pocket" the way to save money to get the highest interest rate

Banks usually have only two interest rates: at the counter and online. To attract more VIP customers to deposit money, some banks apply a margin of interest depending on the deposit amount. This policy is often applied by banks for both at the counter and online deposits.

Lãi suất ngân hàng nào cao nhất tháng 4/2023? (Nguồn: Gutina)

Some banks apply interest rate margins depending on the amount of savings customers deposit. (Source: Gutina)

VPBank, Techcombank, ACB , VIB, LPBank, DongA Bank have separate interest rate policies for VIP customers.

At VPBank , interest rates are divided into 4 different levels: under 1 billion VND, from 1-3 billion VND, from 3-10 billion VND and from 10 billion VND or more.

VPBank applies interest rates for deposits under 1 billion VND with a term of 1-2 months of 4.4%/year, a term of 3-5 months of 4.45%/year, a term of 6-11 months of 5.5%/year, a term of 12-13 months of 5.8%/year, and a term of 15-36 months of only 5.1%/year.

For each savings book corresponding to the increasing deposit amount, VPBank will add 0.1%/year for the depositor. Accordingly, the highest interest rate for 6-11 month term deposits at VPBank is announced to be 5.8%/year if depositing from 10 billion VND or more.

However, customers who prioritize savings with a minimum balance of VND 100 million and a minimum term of 1 month will also receive an additional 0.1%/year. Therefore, the highest interest rate at this bank is 5.9%/year.

At Techcombank , the bank applies 3 different interest rates for 3 deposit levels under 1 billion VND; from 1-3 billion VND and from 3 billion VND and above. The interest rate margin is 0.1%/year in ascending order.

In addition, from June 1 to December 31, Techcombank will add an interest rate of 0.3%/year to the first deposit, with a term of 6 months or more. The actual interest rate that depositors receive after the addition is up to 6.4%/year.

At VIB Bank, online deposit interest rates for 6-36 month terms also differ depending on the amount of deposit under 300 million VND, from 300 million VND and above.

For deposits under 300 million VND, the interest rate for 6-11 month terms is 5.6%/year, for 15-18 month terms is 6.2%/year and for 24-36 month terms is 6.4%/year.

Depositors receive an additional interest rate of 0.1%/year if the deposit amount is 300 million VND or more.

Not only that, VIB also adds an interest rate of 0.4%/year for Diamond customers and 0.2%/year for iBusiness and Sapphire customers with a term of 6-11 months.

With online deposits of 6-12 months at ACB, the bank only pays interest rates of 5.6%/year for deposits under 100 million VND.

Interest rates will be 5.7%/year for customers depositing from 100 million VND to less than 1 billion VND; 5.75%/year for customers depositing from 1 billion VND to less than 5 billion VND and 5.8%/year for deposits from 5 billion VND or more.

At LPBank, the interest rate for 13-month deposits at the counter with interest paid at the end of the term is 6.4%/year. However, for deposits of VND300 billion or more, the interest rate is increased by 0.5%/year to 6.9%/year (0.3%/year higher than the online interest rate).

Meanwhile, the interest rate margin for 6, 12 and 13-month terms at DongA Bank is increased by 0.7%/year for customers with deposits from 200 million VND to under 500 million VND; increased by 0.75%/year for customers with deposits from 500 million VND to under 1 billion VND.

The bank adds 0.8%/year for deposits from 1 billion VND to less than 5 billion VND; 0.85% for deposits from 5 billion VND to less than 10 billion VND; and adds 0.9%/year for deposits from 10 billion VND or more.

Source