Vietnam's Military Bank MB offers 7% top deposit rate for 24‑60 month term

In early August 2026, Vietnam's Military Bank (MB) listed a maximum deposit interest rate of 7% per year for online savings with maturities of 24 to 60 months, the highest among commercial banks for long‑term deposits. Online rates for shorter terms range from 3.8% for a one‑month deposit to 5.7% for six‑to‑eleven‑month deposits, while counter‑service rates are generally lower, e.g., 3.7% for a one‑month term.

Financial advisers note that choosing a deposit term should be driven by the depositor’s cash‑flow needs rather than solely by higher rates. A six‑month term may be preferable if funds are required soon, whereas a 12‑month or longer term can yield higher returns if the money can remain untouched. Splitting savings across multiple terms is recommended to balance higher yields with liquidity flexibility.