Vietnam banks offer up to 7% annual savings rates, widening gap across institutions

A survey of online savings rates on 13 June shows the highest annual rate offered by Vietnamese banks at 7 %, while some institutions list only 3.7 % for the same 12‑month term. MBV and VCBNeo lead with 7 % across six‑ to 18‑month deposits; PGBank and VIB also list 7 % for 12‑month periods. Close to this tier are LPBank, Bac A Bank, BVBank and OCB with rates between 6.9 % and 6.95 %, and the “Big 4” (Agribank, BIDV, Vietcombank, VietinBank) at 6.8 %.

The spread between the top and bottom rates reaches about 3.3 percentage points for 12‑month deposits. For a 1 billion VND deposit, the highest‑rate bank would yield roughly 70 million VND in interest, compared with about 37 million VND at the lowest‑rate bank (SCB at 3.7 %). The variation offers savers a substantial potential earnings increase by selecting banks with higher listed rates.