Updated October 14, 2026 · VaultCue Editorial Team
Cake by VPBank vs Kuda
Cake by VPBank
Higher score in this comparison
Kuda
Cake by VPBank vs Kuda: the differences
| Compare | Cake by VPBankReviewSee alternativesSee alternatives | KudaReviewSee alternativesSee alternatives |
|---|---|---|
| Headline rate | 4.75% to 7.4% | 20%Higher |
| Term | 1 to 36 monthsHigher | 3 months |
| Minimum deposit | ₫100,000 | NGN 100,000 to NGN 5,000,000 |
| 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 | Locked for the full 3-month term, no early withdrawal |
| Monthly fee | Not confirmed | NGN 0 |
Same on both: Rate type (Fixed), Account kind (Fixed).
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Key differences
- Headline rate is higher at Kuda: 20% vs 4.75% to 7.4%.
- Term is higher at Cake by VPBank: 1 to 36 months vs 3 months.
- Support channels: only Kuda offers Chat.
- Pricing model: only Cake by VPBank offers Fixed rate.
- Pricing model: only Kuda 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.
Kuda
Kuda is a digital bank built for Nigerians that combines everyday spending, automatic savings with goals, bill payments and US stock investment in one app. It suits people in Nigeria who want mobile control over spending, saving and borrowing without visiting a branch.
Score breakdown
| Area | Cake by VPBank | Kuda |
|---|---|---|
| Offer | 9.0 | Not confirmed |
| Trust | 8.0 | Not confirmed |
How they place
| Ranking | Cake by VPBank | Kuda |
|---|---|---|
| Savings accounts | 586 of 1420 | 1057 of 1420 |
| Money transfer services | 451 of 1564 | 974 of 1564 |
| Fixed-rate bonds and CDs | 106 of 188 | 145 of 188 |
Availability and regulation
| Country | Cake by VPBank | Kuda |
|---|---|---|
| Nigeria | Not confirmed | |
| Vietnam | Not confirmed |
Additional countries for Cake by VPBank: 1. Additional countries for Kuda: 1.
Every fact side by side
| Fact | Cake by VPBank | Kuda |
|---|---|---|
| Pricing model | Fixed rate | No monthly fee |
| Legal entity | VPBank Joint Stock Commercial Bank (Ngân hàng TMCP Việt Nam Thịnh Vượng) | Kuda Microfinance Bank Limited |
| Headquarters | Vietnam | Nigeria |
| Founded | 2021 | Not confirmed |
| Support channels | Phone, Email, Help centre | Email, Chat, Phone, Help centreCovers more |
Money transfer
| Fact | Cake by VPBank | Kuda |
|---|---|---|
| Transfer fee | 2-10 USD per transaction, plus 11,000 VND per month service fee (fees include 10% VAT) | Kuda-to-Kuda unlimited and free; 25 free transfers to other banks each month, then NGN 10 per transfer |
| 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) | Usually minutes; NIBSS confirmation responses arrive one minute apart |
| Payout methods | Bank | Bank, CardCovers more |
| Currencies | 10 | Not confirmed |
| Fee to send 1,000 | $2 to $10 | NGN 0 |
Everyday accounts
| Fact | Cake by VPBank | Kuda |
|---|---|---|
| Audience | Not confirmed | Business, Freelancer |
| Features | Digital only | Free ATM |
| Free ATM withdrawals | Not confirmed | NGN 0 |
Where each stands against the rest
| Fact | Cake by VPBank | Kuda | Median |
|---|---|---|---|
| Headline rate | 4.75% to 7.4%highest quarter | 20%highest quarter | 3.25 |
| Term | 1 to 36 monthsabove the median | 3 monthslowest quarter | 24 |
| Monthly fee | Not confirmed | NGN 0at the median | NGN 0 |
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.
Kuda
Pros
- Account opening in minutes with physical or virtual debit cards for spending
- Automatic Spend+Save tool with personal goals and clear spending insights
- Covers airtime, internet data, electricity meters and gift cards in one place
Cons
- Designed around Nigerian networks and providers, limiting use elsewhere
- Operates as a digital only bank without a branch network for in person help
Who each suits
Cake by VPBank
Who it suits
- Customers in Vietnam reviewing standard term-deposit options in Cake’s VPBank digital ecosystem.
Kuda
Who it suits
- Nigerian residents managing spending, savings and bills by phone
- Savers who prefer automatic tools and defined goals
- Beginners seeking mobile access to US stocks and overdrafts
Who should look elsewhere
- People outside Nigeria needing local banking access
- Customers who prefer face to face branch service
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
Kuda
Current offer
Bonus
Kuda Premium Locked Savings: 20% p.a. for 3 months: 20% per year for 3 months
Kuda Premium customers only; limited availability
Source, checked September 26, 2026
Country by country
| Country | Cake by VPBank | Kuda |
|---|---|---|
| Nigeria | No | Yes |
| Vietnam | Yes | No |
Questions about each
Kuda
Who can open a Kuda account?+
Kuda is built for Nigerians who want to manage spending, saving and borrowing from a phone. Opening happens in minutes through the app and provides access to payments, savings tools and cards. Applicants need to meet Nigerian identification requirements for a digital bank account.
What products does Kuda cover for everyday money management?+
Kuda covers sending money, scheduling payments, scanning to pay and spending with physical or virtual debit cards. It also supports automatic Spend+Save, savings goals, overdraft access, US stock investment and insights for better money decisions. Bill payments include airtime, internet data and electricity meter recharges.
Which countries does Kuda serve?+
Kuda serves people in Nigeria and connects to Nigerian mobile networks and electricity companies for airtime, data and meter recharges. Its payment and savings features reflect local needs for sending, spending and saving in one app. People living outside Nigeria will find the coverage focused on that home market.
What gift and top up options does Kuda provide?+
Kuda allows purchase of airtime and internet data from Nigerian mobile networks for everyday top ups. Customers can recharge prepaid electricity meters and buy gift cards to pay subscriptions and shop worldwide. These options sit alongside core account functions for sending, spending and saving.
Other options to compare
Other matchups
Related by the facts
Cake by VPBank
Kuda