Is It Better to Save for 6 Months or 1 Year in the Bank? Complete Guide

Deposit term is the period of time customers commit to depositing money at the bank, directly affecting the interest rate received after saving. Longer terms usually bring higher interest rates, while shorter terms provide financial flexibility. If customers are undecided Is It Better to Save for 6 Months or 1 Year in the Bank, please refer to the article below of SeABank to have the most suitable choice.

1. Interest rate for 6-month savings deposits

The 6-month term deposit is suitable for customers who have idle money for about half a year or those who have investment plans in the near future and want to take advantage of high interest rates to make a profit in a short time.

SeABank - Diverse savings products with competitive interest rates

Currently, the 6-month deposit interest rate at banks in the market ranges from 2.9% - 5.85%/year (Data recorded in November 2025). Specific interest rates may fluctuate from time to time and depend on the policies of each bank.

At SeABank, customers can choose from a variety of flexible savings products with competitive interest rates. In particular, the productSeABank's Online Savings offers higher interest rates than at-counter savings, helping customers optimize profits.

(Note: Specific interest rates may change depending on each period and bank policy. Customers please contact SeABank for detailed advice on applicable interest rates)

2. Interest rate on 1-year term deposits

The 1-year term is a suitable choice for customers who have idle money for a long time, want to ensure a low-risk source of income, and have prepared a reserve fund in case of emergency. With a high and stable interest rate for 12 months, this form of deposit helps maximize profits, in addition, it is not affected by short-term fluctuations in the financial market.

1-year term deposit - Optimize profits with stable interest rates

Currently, interest rates for 1-year term deposits on the market range from 3.7% - 9.5%/year, depending on each bank and different savings products (Data recorded in November 2025).

SeABank offers a variety of 1-year term savings products with attractive interest rates, especially preferential for customers who deposit savings online. Customers can make transactions anytime, anywhere through the SeAMobile/SeANet application, conveniently and quickly.

(Note: Specific interest rates may change depending on each period and bank policy. Customers please contact SeABank for detailed advice on applicable interest rates)

3. Is it better to save for 6 months or 1 year?

Choosing whether to save for 6 months or 1 year depends on the purpose of using the idle money and the customer's financial plan in the future. In which:

1 - Case 1: Choose a 1-year term when there is long-term capital

If the customer does not need to use the money for a long time, a 1-year term will be a reasonable choice. With a longer term, the deposit interest rate will be higher, helping customers optimize profits. Currently, the interest rate for a 6-month term ranges from 2.9% - 5.85% per year, while the interest rate for a 1-year term ranges from 3.7% - 9.5% per year.

2 - Case 2: Choose a 6-month term when flexibility is needed

If customers need flexibility in using capital or their finances are not stable, a 6-month term deposit will be a suitable choice. Short term deposits help customers be more flexible in withdrawing money in urgent situations without affecting the interest rate too much. Meanwhile, if customers deposit money for a 1-year term but want to withdraw early, they will have to pay off the deposit early and the applicable interest rate will be lower, affecting the profit received.

SeABank provides free consultation to help customers choose the appropriate term.

4. Discover 3 savings products at SeABank

SeABank is one of the leading prestigious banks in Vietnam, providing many flexible savings products, suitable for customers' needs and financial plans. Below are three outstanding savings products that customers can refer to:

4.1. Regular savings deposit

Outstanding features:

• Stable interest rate throughout the term, interest payment at the end of the term.
• Customers can withdraw money before maturity, but will receive non-term interest.
• Suitable for customers who want to commit long-term capital to optimize profits.

4.2. Online savings deposit

Outstanding features:

• Fast and convenient transactions via SeAMobile/SeANet application 24/7.
• Interest rates are higher than traditional savings deposits at the counter.
• Open/Close/Deposit money into a savings account online at any time of the day (excluding bank lock time).
• Secure, safe with advanced encryption technology.

Outstanding advantages of SeABank Online Savings:

• Attractive interest rate offers when opening a savings account online
• Trade anytime, anywhere - no time limits
• No need to go to the counter - save time
• Manage savings books easily right on the app

4.3. Deposit savings

Outstanding features:

• Customers can make periodic deposits into their account and have them added to their balance.
• Preferential interest rates and the ability to increase the savings balance each month.
• Suitable for customers who want to build a habit of saving and accumulating long-term finances.
• Flexibility in adjusting monthly deposits.

Select savings for 6 months or 1 year depends on the needs and financial goals of each customer. If the customer wants to maximize profits over a long period of time without the need to withdraw money, a 1-year savings deposit will be the ideal choice. However, in case of needing flexibility and not having a stable financial arrangement, the customer should choose a 6-month term to easily adjust the plan when necessary.

SeABank always accompanies customers with a variety of savings products, especially Online Savings with higher preferential interest rates and 24/7 transaction capabilities. Experience it now to enjoy the convenience and optimize your profits!