Updated October 14, 2026 · VaultCue Editorial Team
Cake by VPBank vs KakaoBank
Cake by VPBank
KakaoBank
Higher score in this comparison
What sets them apart
| Compare | Cake by VPBankReviewSee alternativesSee alternatives | KakaoBankReviewSee alternativesSee alternatives |
|---|---|---|
| Headline rate | 4.75% to 7.4%Higher | 0.1% |
| Rate type | Fixed | Variable |
| Access terms | Terms from 1 to 36 months; interest paid at beginning of term, end of term, monthly or quarterly; early partial or full withdrawal allowed, minimum partial withdrawal 100,000 VND (or 10% of the deposit) capped at 90% of the book, minimum remaining balance 100,000 VND; deposits covered by Vietnamese deposit insurance | No contract period and no deposit limit; domestic residents aged 14+; interest settled monthly and paid the following day |
| Account kind | Fixed | Easy access |
| Term | 1 to 36 months | Not confirmed |
| Minimum deposit | ₫100,000 | Not confirmed |
| Monthly fee | Not confirmed | ₩0 |
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Key differences
- KakaoBank scores higher overall: 8.9 vs 8.4.
- Founded is lower at KakaoBank: 2016 vs 2021.
- Headline rate is higher at Cake by VPBank: 4.75% to 7.4% vs 0.1%.
- Support channels: only Cake by VPBank offers Email.
- Support channels: only KakaoBank offers Chat.
- Pricing model: only Cake by VPBank offers Fixed rate.
- Pricing model: only KakaoBank offers No monthly fee.
Our verdict on each
Cake by VPBank
Cake’s standard term deposit in Vietnam has a stated minimum of VND 100,000 and terms from 1 to 36 months. Interest can be paid at the beginning or end of the term, monthly or quarterly. The page describes partial or full early withdrawal subject to terms and confirms the deposit through Smart OTP.
KakaoBank
KakaoBank suits Korean residents, businesses and teens who want a fee-free everyday account run from an app, with a currency conversion fee of 0% and a variable rate of 0.1%. The 2016 bank is licensed by the Financial Services Commission (Korea), so money sits with a regulated bank rather than an e-money firm.
Score breakdown
| Area | Cake by VPBank | KakaoBank |
|---|---|---|
| Cost | Not confirmed | 9.4Monthly fee of KRW 0, currency conversion fee of 0% and interbank and ATM fees waived. |
| Offer | 9.0 | 9.1HigherVariable interest at 0.1% on easy access terms, 9 currencies, 1-3 days remittance. |
| Trust | 8.0 | 8.4Higher |
Licences and countries
| Country | Cake by VPBank | KakaoBank |
|---|---|---|
| South Korea | Not confirmed | |
| Vietnam | Not confirmed |
Additional countries for Cake by VPBank: 1. Additional countries for KakaoBank: 1.
A third option
Amonatbonk has headline rate at 13%, against 4.75% to 7.4% for Cake by VPBank and 0.1% for KakaoBank.
Amonatbonk reviewSources behind this comparison
Cake by VPBank
- cake.vn: 11 facts, checked September 26, 2026
KakaoBank
- kakaobank.com: 10 facts, checked September 26, 2026
How they place
| Ranking | Cake by VPBank | KakaoBank |
|---|---|---|
| Savings accounts | 586 of 1420 | 408 of 1420 |
| Money transfer services | 451 of 1564 | 302 of 1564 |
| Online banks | 205 of 402 | 124 of 402 |
Every fact side by side
| Fact | Cake by VPBank | KakaoBank |
|---|---|---|
| Pricing model | Fixed rate | No monthly fee |
| Legal entity | VPBank Joint Stock Commercial Bank (Ngân hàng TMCP Việt Nam Thịnh Vượng) | KakaoBank Corp. (주)카카오뱅크 |
| Headquarters | Vietnam | South Korea |
| Founded | 2021 | 2016Lower |
| Support channels | Phone, Email, Help centre | Phone, Help centre, Chat |
Money transfer
| Fact | Cake by VPBank | KakaoBank |
|---|---|---|
| Transfer fee | 2-10 USD per transaction, plus 11,000 VND per month service fee (fees include 10% VAT) | 0 KRW - interbank transfer and automatic transfer fees waived, plus all-bank and convenience-store ATM deposit, transfer and withdrawal fees |
| Delivery time | Same day (VND credited the same day if funds arrive before the currency cut-off during processing hours, next business day if after cut-off) | 1-3 days |
| Payout methods | Bank | Bank, Cash pickupCovers more |
| Currencies | 10Higher | 9 |
| Fee to send 1,000 | $2 to $10 | ₩4,900 |
Everyday accounts
| Fact | Cake by VPBank | KakaoBank |
|---|---|---|
| Currency conversion fee | Not confirmed | 0% |
| Audience | Not confirmed | Business, Teen |
| Features | Digital only | Free ATM, Digital onlyCovers more |
| Free ATM withdrawals | Not confirmed | ₩0 |
Where each stands against the rest
| Fact | Cake by VPBank | KakaoBank | Median |
|---|---|---|---|
| Headline rate | 4.75% to 7.4%highest quarter | 0.1%lowest quarter | 3.25 |
| Term | 1 to 36 monthsabove the median | Not confirmed | 24 |
| Minimum deposit | ₫100,000at the median | Not confirmed | ₫100,000 |
Median across 658 listed accounts.
Pros and cons
Cake by VPBank
Pros
- The listed deposit minimum is VND 100,000, with terms from 1 to 36 months.
- Interest-payment choices include the start or end of term, monthly or quarterly.
Cons
- Early partial or full withdrawal is subject to account terms; the page does not establish interest treatment after withdrawal.
KakaoBank
Pros
- No monthly charge, with interbank, automatic transfer and all-bank ATM fees waived on transfers
- Currency conversion fee of 0%, which ranks joint top of 312 brands on cost
- Free ATM access and a digital-only service, with interest settled monthly and paid the next day
Cons
- Interest is modest, at a variable 0.1% against a 3% median
- Currencies are limited to 9, behind the 9 median for everyday accounts
- Remittances cost KRW 4,900 and take 1-3 days
Who each suits
Cake by VPBank
Who it suits
- Customers in Vietnam reviewing standard term-deposit options in Cake’s VPBank digital ecosystem.
KakaoBank
Who it suits
- Domestic residents who want everyday banking with no monthly charge
- Small businesses that need business and teen banking and frequent transfers
- Teens opening a first account at a minimum age
Who should look elsewhere
- Anyone holding a single currency, since 9 is short of the 350 seen site wide
- Savings seekers, because a variable 0.1% sits well under the 3% median
- People wanting cash abroad fast, since remittances take 1-3 days and cost KRW 4,900
Current offers
Cake by VPBank
Current offer
Bonus
Sep & Oct 2026 - New savers get +2.2%/year extra interest: +2.2%/year on first-time term deposits from 100,000 VND, terms 6-12 months, total up to 9.6%/year
First-time savings deposit at Cake, terms 6-13 months, promo terms apply
Source, checked September 26, 2026
Bonus
Sep & Oct 2026 - Loyal savers get up to +2.2%/year extra interest: up to +2.2%/year bonus, up to 9.6%/year total
Existing loyal savers, terms 6-13 months, promo terms apply
Source, checked September 26, 2026
Discount code
Save from 100 million VND and get BIGBANG show tickets: code BB20
Deposits from 100,000,000 VND with terms from 6 months
Source, checked September 26, 2026
Country by country
| Country | Cake by VPBank | KakaoBank |
|---|---|---|
| South Korea | No | Yes |
| Vietnam | Yes | No |
Questions about each
KakaoBank
Is there a monthly fee for a KakaoBank account?+
There is no monthly charge on the account, which ranks joint top of 500 brands on that measure. Transfers are also free: interbank and automatic transfer fees are waived, together with deposit, transfer and withdrawal fees at all-bank and convenience-store ATMs. The balance earns a variable 0.1%, settled monthly and paid the following day.
What interest does the account pay and is it fixed?+
The rate is variable at 0.1%, and it moves rather than being locked in. That is well under the 3% median across the site, and there is no notice period to serve and no cap on the balance, so money can be taken out whenever. It is a spending and payment account rather than a home for savings.
How is my money protected and who regulates the bank?+
KakaoBank is a bank licensed by the Financial Services Commission (Korea), which is different from the e-money and payment institution licences common on this site. The legal entity is KakaoBank Corp. (주)카카오뱅크, based in South Korea and founded in 2016. Deposits sit with the licensed bank rather than an e-money firm.
How many currencies can I hold and what is the conversion fee?+
The account covers 9 currencies, which ranks 116 of 379 brands and sits below the 9 median for everyday accounts. The conversion fee is 0%, which puts it joint top of 312 brands on that measure.
Other options to compare
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Related by the facts
Cake by VPBank
KakaoBank