VPBank interest rates for April 2025
In April 2025, Vietnam Prosperity Commercial Bank (VPBank) uniformly reduced savings interest rates for individual customers across all terms.
Specifically, for customers depositing money at the counter, the new interest rates applied by VPBank from April 3, 2025, range from 3.6% to 5.5% per year, depending on the term and amount deposited.
The bank currently divides customers into five credit limit groups: under 1 billion VND, from 1 to under 3 billion VND, from 3 to under 10 billion VND, from 10 to under 50 billion VND, and over 50 billion VND. Each group has its own interest rate framework.
For deposit limits under 3 billion VNDInterest rates for 1-month terms decreased to 3.6%/year, a slight decrease compared to the previous month. Terms from 2 to 5 months were set at 3.8%/year.
Interest rates for terms of 6 to 11 months are now 4.7% per annum, a decrease of 0.2 percentage points.
For terms of 12 to 18 months, the interest rate is 5.2% per year. For deposits of 24 to 36 months, VPBank now lists a rate of 5.3% per year, instead of 5.5% as before.
With the groupCustomers deposit between 3 billion and less than 10 billion VND.Interest rates for short-term deposits remain unchanged, similar to the group under 3 billion VND. From the 24-month term onwards, the applicable interest rate is 5.4%/year, which has also decreased slightly compared to the previous month.
ThoseCustomers deposit between 10 billion and less than 50 billion VND.They enjoy higher interest rates, ranging from 3.7% per year for short-term deposits to 5.5% per year for long-term deposits.
Special,group of customers depositing 50 billion VND or more.They will receive the highest interest rate in the system. For a 1-month term, the listed interest rate is 3.8%/year. Longer terms from 24 to 36 months maintain a ceiling of 5.5%/year.
In April 2025, VPBank also updated its interest rate schedule for customers depositing savings online. Accordingly, online deposit interest rates were slightly reduced compared to before, ranging from 3.7% to 5.6% per year, depending on the term and the amount deposited by the customer.
The lowest interest rate of 3.7% per annum currently applies to short-term deposits such as 1 month, while the highest rate of 5.6% per annum is usually applied to longer terms of 24 months or more, or to larger deposits.
Notably, VPBank is implementing a special preferential policy for priority customer groups. Specifically, if a customer belongs to this group...Deposit money online with a minimum balance of 100 million VND and a term of 1 month or more.They will receive an additional 0.1% per year added to the corresponding interest rate in the current deposit interest rate schedule. This means that priority customers can enjoy interest rates of up to 5.7% per year if they meet the eligibility requirements.
Overall, VPBank's reduction in interest rates across all maturities and deposit limits shows that the bank is proactively adjusting to market trends, while also aiming to control capital costs more effectively during a period when credit demand has not yet increased significantly.