On September 1, 2026, bank interest rates in Vietnam have been updated, with the notable rise in the 6-month term interest rate reaching 9.2%. This increase is largely due to promotional policies implemented by banks to attract new customers.

One of the leading banks, Cake by VPBank, has introduced an attractive offer where first-time depositors can earn an additional 2% per annum on their savings. This promotion applies to deposits ranging from 100,000 VND with a term of 6 to 12 months, provided the deposit is not withdrawn early. As a result, the effective interest rate for these deposits can reach up to 9.2% per annum.

For those who are not first-time depositors, Cake by VPBank also offers an additional 2% per annum for deposits starting from 5 million VND for terms between 6 and 24 months. Under normal conditions, the listed interest rates for deposits at Cake by VPBank are as follows:

• 1-5 months: 4.75% per annum
• 6-9 months: 7.20% per annum
• 10-24 months: 7.40% per annum
• 36 months: 6.30% per annum

This trend of increasing interest rates is indicative of a competitive banking environment, where institutions are vying for customer deposits. The current rates reflect a broader strategy to enhance savings options for consumers amidst changing economic conditions.

For more detailed information on bank interest rates, customers are encouraged to contact their local bank branches or check official bank websites.