How much money is needed to open a savings account? The latest methods and procedures in 2026.

For many first-time savings account holders, the most frequently asked question is: "How much money do I need to open an account?" In reality, the cost of opening a savings account is not too high these days. This article will help you understand the amount of money you need to prepare and choose a suitable deposit method so you can start accumulating savings proactively and effectively from an early age.

1. How much money is needed to open a savings account?

Currently, the minimum cost to open a savings account depends on the deposit method and transaction channel:

Open a ledger at the counter:

• Fixed-term savings: typically from 1,000,000 VND.
• Demand deposit: from 100,000 VND.

Deposit savings online: With just 100,000 VND, customers can open a fixed-term savings account on the digital banking app.

Thus, even with only a small amount of money, customers can start saving without facing initial capital barriers.

Only from100.000 VNDYou can now open a demand deposit account to start saving.

2. Popular types of savings accounts today

Besides understanding their financial needs and goals, customers should also clearly understand the characteristics of each type of savings plan.

2.1. Demand deposit

This deposit method prioritizes flexibility and the ability to withdraw funds instantly. With no fixed withdrawal date, customers can withdraw all or part of their money at any time.

• Interest rate & term: Low interest rate, It varies depending on the bank and the time period., with no time limit for sending.
• Benefits: High liquidity, convenient for managing and using money daily; deposit and withdrawal transactions are available 24/7.
• Limitations: Low return on investment, not suitable for long-term savings goals.
• Suitable for: Customers who need a safe place to keep their money in the short term but still want to have control over their spending.

2.2. Fixed-term savings

Term savings accounts are the most popular choice due to their stable interest rates and high level of security. With this option, customers deposit money for a specified period, commonly from 1 to 36 months.

• Interest rate & term: Fixed interest rate throughout the term, significantly higher than demand deposit accounts.
• Benefits: Helps generate stable cash flow and makes it easy to predict the amount of interest received at maturity.
• Note: In case of early withdrawal, the withdrawn amount will be Interest rates for non-term deposits as stipulated.
• Suitable for: Individuals who have spare cash for a certain period of time and do not need to use it urgently.

2.3. Accumulated savings (Savings)

This is a suitable savings solution for customers who want to start with a small amount but aim for long-term goals. This method allows for multiple deposits into the same savings account throughout the term.

• Interest rate & term: Interest is calculated on the increasing balance; flexible terms, up to 20 years at SeABank.
• Benefits: Helps to form a habit of regular saving. The minimum price may vary depending on the product.Suitable for a wide range of people.
• Limitation: Consistent and timely deposits are necessary to achieve financial goals.
• Suitable for: Young people, families saving for their children, or preparing for long-term financial plans such as buying a house or a car.

2.4. Save on stairs.

Tiered savings are designed to maximize returns on large deposits. This is a term savings plan with interest rates that increase progressively with the deposit amount.

• Interest rates & conditions: The higher the deposit amount, the more favorable the interest rate; the minimum deposit is usually from 100 million VND.
• Benefits: Increased profitability over the same deposit term.
• Disadvantages: Requires a large initial investment, not suitable for beginners in saving.
• Suitable for: Priority customers with ample idle capital who wish to maximize their interest income.

Choose a savings plan that suits your financial goals and capital needs.

3. Should I open an online savings account?

Online savings accounts are a suitable option for modern financial trends, especially for individual customers who prioritize convenience, security, and optimal interest rates.

Opening an online account through digital banking apps like SeAMobile offers many practical benefits:

• Multi-layered security: Applying biometric authentication (FaceID/Fingerprint) combined with OTP codes minimizes the risk of losing physical documents or forging signatures.
• Preferential interest rates: Typically 0.1% – 0.4% higher per year than deposits made at the counter, helping to increase the return on the same amount of money.
• Flexible deposit limits: Customers can start depositing money in a fixed-term savings account with a minimum deposit of just 100,000 VND.
• Transparent and proactive management: Monitor your balance, accrued interest, and close or renew your savings account 24/7 right on your phone.

Overall, online savings accounts are both secure and suitable for the busy lifestyles of today's customers.

For SeABank customers, the process of opening a savings account is simple and fast through the digital banking platform. The steps are as follows:

• Step 1: Log in to the SeAMobile or SeANet app and select the "Open Online Savings" function.
• Step 2: Carefully read and confirm your agreement to the product terms and conditions.
• Step 3: Enter deposit information including the amount, term, and select a suitable savings type.
• Step 4: Review the information and click "Confirm" to complete the transaction; the money will be immediately credited to your savings account.

Opening an online savings account is quick and easy, requiring only a few minutes of online operation.

4. Which bank is safe and reputable for opening a savings account?

In the context of the 2026 financial market, SeABank is a reliable choice thanks to its strong financial foundation and well-structured digital banking development strategy.

SeABank's Online Savings solution offers many practical benefits for depositors:

• Maximizing benefits: Online deposit interest rates are always more favorable than over-the-counter transactions, helping to maximize profits.
• 24/7 Convenience: Deposit, close, and renew savings accounts anytime, anywhere through our multi-channel digital ecosystem: SeAMobile App, SeAMobile Web, and SeANet.
• Convenient transactions: Streamlined procedures, elimination of physical paperwork, and quick account opening in just a few steps.
• Absolute security: A multi-layered security system combining advanced biometric authentication technology ensures maximum safety for customers' assets.

SeABank - A reliable financial anchor for your journey of safe accumulation and profit generation.

Choosing the right savings account and bank will help customers preserve their capital, optimize interest rates, and manage their finances more effectively. With safe, flexible, and attractive online savings solutions, SeABank is the optimal choice for customers. If you have any further questions about opening a savings account, you can contact SeABank directly for quick and accurate support.