Cake by VPBank deposit interest rate on November 13: Highest 6.5%
Cake by VPBank digital bank has just adjusted deposit interest rates to increase sharply in many terms. The increase is 0.2-0.5% for most terms. After adjustment, the interest rate for deposits receiving interest at the end of the term, 1-5 month term has an interest rate of 4.6%; 6-8 month term has an interest rate of 6.3%; 9-11 month term has an interest rate of 6.4%; 12-36 month term has an interest rate of 6.5%.
After adjustment, Cake by VPBank is the bank with the highest interest rate in the market, for terms over 6 months without applying special conditions.
Below is the deposit interest rate table (%/year) announced by Cake by VPBank:
Deposit 200 million VND at Cake by VPBank: Highest interest rate is 39 million VND
The interest calculation formula is applied as follows:
Interest amount = Deposit amount * interest rate (%/year) * actual deposit date/365
The analysis table below shows the actual interest expected when depositing 200 million VND online at Cake by VPBank:
Thus, with a term of 36 months, the interest received is up to 39 million VND.
