Cake by VPBank is listing 6-month term interest rates at a normal rate of 7.2%/year when customers receive interest at the end of the term. When customers receive interest at the beginning of the term, monthly and quarterly, they will receive interest rates of 6.78%, 7.02% and 7.09%/year respectively.
Notably, the bank is applying a policy of giving an additional 1.8% interest rate for customers who deposit money for the first time, standard deposit products and accumulated deposits on the CAKE BANK application, with amounts from 100 thousand VND, term of 6-12 months. In addition to this preferential interest rate, customers depositing money for a 6-month term can receive an interest rate of up to 9%; for Cake by VPBank's 10-12 month terms, the actual received interest rate can be up to 9.2%.
Under normal conditions, the savings deposit interest rate schedule of Cake by VPBank, interest payment at the end of the term is listed as follows:
Term 1-5 months: 4.75%/year.
Term 6-9 months: 7.20%/year.
Term of 10-24 months: 7.40%/year.
36 months term: 6.30%/year.
Deposit 100 million VND at Cake by VPBank, how much interest will you receive at various terms?
Readers can calculate bank deposit interest using the following formula:
Interest amount = Deposit amount * interest rate (%/year) * number of actual deposit days/365
Thus, depositing 100 million VND at Cake by VPBank under normal conditions, applied to the end-of-term interest rate, customers can receive interest as follows:
Interest rate information is for reference only and may vary over time. Please contact the nearest bank transaction point or hotline for specific advice.
Readers can refer to more articles about interest rates HERE.
