Which bank offers the highest savings rate in April 2026?

On April 14, 2026, a survey of on-site savings rates across 42 banks showed Hong Leong Bank (HLB) leading the market. For terms under 6 months, HLB offered 4.75% per year, while for 6–12 months it posted 7.5% per year. The 6-month deposit rate at HLB was 3.5 to 4 percentage points above the “Big Four” group and higher than the typical level among non-state banks. The survey also indicated that deposit rates declined by 0.1 to 0.5 percentage points compared with the end of March 2026.

Rates declined across the market

For 6–9 month deposits, the average rate for the large commercial banks group (Agribank, Vietcombank, BIDV, VietinBank, MB, VPBank, Techcombank, ACB) fell by 0.4 percentage points from end-March to 5.31% per year. The remaining banks group declined by 0.11 percentage points from 5.81% to 5.70% per year.

For deposits of 12 months or longer, the large banks group fell by 0.44 percentage points from 6.44% to 6.00% per year, while the remaining banks group slipped by 0.1 percentage points from 6.15% to 6.05% per year.

One-month rates: highest range and Big Four discount

The highest one-month savings rate in the survey was 4.75% per year, offered by Hong Leong Bank (HLB). Other banks at the top end included OCB, SaigonBank, Sacombank, VPBank, VIB, PGBank, PublicBank, VCBNeo, and BVBank.

Overall, the 4.5–4.75% per year range for one-month deposits was common across more than half of the surveyed banks. For one-month terms, Vietcombank, BIDV, and VietinBank quoted 2.1% per year, while Agribank was at 2.6% per year. Compared with the private-banking sector’s typical 4.5–4.75% per year for one month, the Big Four’s one-month rates were lower by 1.9–2.65 percentage points.

Three-month rates slightly higher than one-month

Compared with one-month terms, three-month rates increased by about 0 to 0.25 percentage points. Up to 14 of the 42 banks (around 30%) held three-month rates in the 4.7–4.75% per year range. In the Big Four, three-month rates rose by 0.3 percentage points versus the one-month term, from roughly 2.1–2.6% to 2.4–2.9% per year. As a result, three-month rates among private commercial banks were about 2.2 percentage points higher than the Big Four.

Six-month rates: HLB leads above 6%

Top banks for 6-month savings rates were led by HLB at 7.5% per year. Bac A followed at 7.05%, then BVBank at 6.7%, PGBank at 6.6%, and VCBNeo at 6.6% per year. Other close contenders included SaigonBank, MBV, and OCB in the 6.4–6.5% per year range. Competition for savings rates therefore concentrated above 6% per year.

In terms of the overall distribution, the most common 6-month savings rate level was around 5.5–6% per year, with a dense cluster including Techcombank, SHB, TPBank, VIB, LPBank, VietABank, VietBank, and SeABank. The gap between the highest 6-month rate (HLB) and the overall level was about 1.7 percentage points, with Bac A Bank higher by about 1.25 points.

Among the Big Four, Vietcombank, BIDV, and VietinBank listed 3.5% per year for 6-month deposits, while Agribank was at 4% per year. This meant the spread between the highest (7.5%) and the lowest (3.5%) was 4 percentage points, and the gap between the leader and the overall average was about 1.7 percentage points.

Twelve-month rates rise versus 6–9 months

Three-month rates were broadly flat relative to six-month terms. For 12-month terms, the 12-month rate level across 42 banks rose significantly versus the 6–9 month range. HLB still led at 7.5% per year, far above the average, followed by MBV (OceanBank) at 7.2%, Bac A Bank at 7.1%, and VIB and VCBNeo at 7% per year.

Compared with 6–9 months, many banks raised 12-month rates; VIB increased by as much as 1.4 percentage points (from 5.6% to 7% per year). Among the Big Four, Vietcombank, BIDV, VietinBank, and Agribank all quoted 12-month rates of 5.9% per year, up 1.9–2.4 percentage points from 6–9 months.

Overall, 12-month savings rates were broadly around 6.1–6.3% per year. The 12-month rate leaders were therefore about 1.2–1.4 percentage points above the market average and roughly 1.6 percentage points higher than the Big Four.

Notes on rate differences

All rates cited refer to on-site cash deposits for individuals. Online deposit rates are typically higher by 0.3–0.7 percentage points, depending on the institution. Banks may also apply different rate policies for different customer groups based on deposit value, and actual deposit rates can change depending on each branch’s balance sheet conditions.