Latest update Current mobilization rates of banks

1. What is the deposit interest rate?

Customers who want to deposit savings in banks need to master the concept of deposit interest rates as well as regularly update bank interest rate fluctuations to maximize profits.

• The concept of deposit interest rate: Deposit interest rate is a term used by banks to refer to the interest rate banks pay to customers when depositing money, helping savings earn interest over time. Mobilization interest rate and deposit interest rate are two completely equivalent terms.
• Concept of deposit interest rate ceiling: Each bank will have its own deposit interest rate. However, the interest rate is still subject to the maximum interest rate The State Bank (SBV) regulates (ceiling interest rates). This is to control inflation and ensure fair competition between banks.

The way to calculate deposit interest rates is quite simple according to the following formula: 

For example:

Customer A deposits 100 million VND in savings with a deposit interest rate of 5%/year for a 12-month term. Thus, after 12 months of maturity, customer A will receive the following interest: 

• Interest = (100,000,000 x 5%) x 12/12 = 5,000,000 VND

2. Direct deposit interest rate 

Go to tFebruary 2025, Most banks have reduced deposit interest rates, anchoring them at over 6%/year for deposits with a term of over 12 months.. The average interest rate of banks is from 1.6% - 6.1%/year. In there: 

• Interest rates range from 1 to 3 months: 1.6% - 4.6%/year 
• Non-term interest rate: Fluctuating around 0.01% to 0.5%/year. Because there is no sealDue to the short term, interest rates on non-term savings of most banks are very low.

The reason for increased interest rates is inflation, gold prices, and exchange rates. Besides, At the end of the year, credit demand often increases three times faster than the speed of capital mobilization. Therefore, banks also adjusted deposit interest rates to prepare capital sources to meet credit needs at this time. 

Although there is an increase in interest rates compared to the early period of 2024. However, the increase in deposit interest rates is only at a moderate level.. This is a common situation worldwide because countries are applying loose monetary policies to restore the economy at the present time. Reducing lending interest rates will directly impact the deposit interest rates of commercial banks.

3. Interest rates for mobilizing online deposits

The most attractive deposit interest rate in the online channel in December 2024 is 6.1%/year, the lowest is 1.6%. In general, customers who deposit money online will receive a higher interest rate than depositing at the counter from 0.2 - 0.3%.

The reason is because when depositing money online, the customer will be the one to perform all tasks on their personal device such as: Opening a savings account, transferring money to the account, withdrawing money... without the support of bank staff. This is a factor that helps save personnel costs and operating costs. 

Besides, banks often offer higher online interest rates for implementation “Strategy for development of Vietnam Banking industry until 2025, orientation to 2030” cof the State. Accordingly, the State Bank encourages banks to apply information technology to encourage the development of online transactions to promote cashless payments to help cut costs and bring convenience to customers.

4. Deposit online savings at attractive interest rates at SeABank

SeABank is one of the banks providing online savings products with attractive terms. SeABank is highly appreciated by customers for its online savings service, especially its competitive interest rates. Currently, SeABank is providing 5 online term savings products include: 

• Savings receive interest at the end of the period: Customers can deposit in VND or USD with a minimum limit of 10,000,000 VND or 1000 USD each time. The deposit term of the savings package to receive interest at the end of the term ranges from 1 - 36 months, receiving interest via payment account. 
• Savings and contributions Nurturing dreams: This is a product for children. Customers only need to deposit a minimum of 200,000 VND each time with flexible deposit terms.
• Savings and contributions Building the future: Customers will have flexible deposit times with a minimum deposit amount of 200,000 VND/time and receive incentives when depositing online.
• Savings pay interest monthly: Customers can receive interest on a monthly basis from their savings deposit.
• Save stairs: For deposits from 1 - 36 months. The product applies a 5-step ladder interest rate for deposits from 100 million VND to over 10 billion VND. 

Customers can update the real interest rates of savings products here.

Besides attractive interest rates, online savings at SeABank is also an ideal choice for many customers because of the following benefits:

• Simple and convenient operation: Customers can completely make simple and quick online transactions within 1 minute through the SeAMobile/SeANet application or the bank's website.
• Diverse product packages: Products are flexibly designed to meet the financial needs of many people with diverse terms and high interest rates.
• Safe, secure: Customer account information and personal information are absolutely confidential through modern measures, helping customers feel secure in their savings. 
• Many attractive offers: In addition to high interest rates, SeABank also regularly deploys gift and promotion programs for customers who deposit online savings. 

Above is the latest updated information about bank deposit interest rates. In particular, depositing savings online at SeABank with simple procedures and competitive interest rates will help customers feel secure and optimize profits. 

Customers can contact SeABank via Hotline 1900 555 587 or visit the website www.seabank.com.vn for detailed advice on deposit interest rates.