Agribank unexpectedly increased interest rates
According to Lao Dong, on October 16, the Vietnam Bank for Agriculture and Rural Development (Agribank) issued a new online deposit interest rate schedule as follows:
Interest Rate for 1-month term deposits increased by 0.1 percentage point, at 2.2%/year.
Interest Rate for 3-month term deposits increased by 0.1 percentage point, at 2.7%/year.
Interest Rate for 6-9 month term deposits is 3.2%/year.
Interest Rate for 12-month term deposits is 4.7%/year.
Interest Rate for 24-36 month term deposits is 4.8%/year.
Deposit 500 million VND at Agribank, how much interest will you 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 depositing money online):
* 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.
