Latest Agribank interest rates in December
According to Lao Dong, savings interest rates at the Bank for Agriculture and Rural Development (Agribank) in the last month of the year increased by 0.5% per year for terms under 12 months, currently ranging from 2.2-4.8% per year.
Interest rate for 1-2 month term: Increase from 1.7%/year to 2.2%/year
Interest rate for 3-5 month term: Increase from 2.0%/year to 2.5%/year
Term from 6-11 months: Increase from 3.0%/year to 3.5%/year
Term from 12-18 months remains the same: 4.7%/year
Term of 24 months or more remains the same: 4.8%/year
For non-term deposits or payment deposits, the interest rate remains at 0.2%/year.
Depositing 500 million VND at Agribank, how much interest will I receive at each term?
Readers can quickly calculate bank interest using the following formula:
Interest = Deposit x interest rate (%)/12 months x number of months of deposit.
Thus, depositing 500 million VND at Agribank, customers can receive the highest interest rate as follows (applicable to individual customers):
* Interest rate information is for reference only and may change from time to time. Please contact the nearest bank transaction point or hotline for specific advice.
Readers can refer to more articles about interest rates HERE.
