According to a survey conducted by Lao Dong newspaper on September 15, 2026, the highest interest rate for a 12-month savings account has reached 9.4% per annum when promotional offers are applied. This competitive rate is attracting many savers looking to maximize their returns.

Among the banks offering high interest rates for 12-month savings, Cake by VPBank leads with a base rate of 7.4% per annum for customers who choose to receive interest at the end of the term. For those opting for monthly interest payments, the rates are 6.59%, 7.02%, and 7.08%, depending on the payment frequency. Additionally, first-time depositors using the CAKE BANK app can earn an extra 2% per annum, bringing the total interest rate to 9.4% per annum.

BAC A BANK is also competitive, offering a 12-month interest rate of 7.1%, while PGBank and VCBNeo both offer rates of 7% per annum for online deposits with interest paid at the end of the term. These rates are among the highest available for this duration.

For savers wondering how much interest they can earn, the calculation is straightforward. The formula to determine the interest earned is: Interest = Deposit Amount x Interest Rate % / 12 x Number of Months. For example, a deposit of 500 million VND at an interest rate of 9.4% for 12 months results in an interest payment of 47 million VND.

It is important to note that interest rates are subject to change, and customers are encouraged to contact their nearest bank branch or hotline for the most accurate information.