For a 1-month term, Agribank's interest rate is 2.6%/year.
The 3-month term deposit interest rate is maintained at 2.9%/year.
The interest rate for 6-11 month term deposits is currently at 4.0%/year.
Deposit interest rates for terms longer than 12 months are currently at 5.9%/year.
The deposit interest rate for terms of 24 months and more is maintained at 6.0%/year.
Compared to banks in the Big4 group, Agribank's 1-month term is the highest - 2.6%/year.
At BIDV, interest rates range from 2.1% to 6%/year. For individual customers, the 1-2 month term is at 2.1%/year; the 3-5 month term is at 2.4%/year; from 6-9 months is at 3.5%/year.
Customers depositing money for 12-18 months receive an interest rate of 5.9%/year; customers depositing money for 24-36 months receive an interest rate of 6%/year.
Vietcombank continues to maintain the deposit range for individual customers from 2.1% to 6%/year, applied to both online and direct at the counter.
At VietinBank, it also maintains the schedule for individual customers in the range of 2.1-6%/year.
Depositing 1 billion VND in savings at Agribank, how much interest will you receive?
Readers can quickly calculate savings deposit interest rates using the formula below:
Monthly interest = Deposit amount x interest rate (%/year)/12 x number of months deposited
Thus, depositing 1 billion VND at Agribank, with a term of 24 months, interest rate of 6% (applied to individual customers depositing directly at the counter), customers can receive 120 million VND.
* Interest rate information is for reference only and may change in each period. Please contact the nearest bank transaction point or hotline for specific advice.
According to the State Bank's report on the interbank market diễn biến in the week of August 31st-April 4th, the average trading volume was 914,756 billion VND/day, down 127,538 billion VND/day compared to the previous week.
By term, VND transactions mainly focused on overnight terms, accounting for 96% of total VND transaction turnover, and 1-week terms, accounting for 2%.
Regarding interest rates, the average interest rate fluctuated in opposite directions for some key terms compared to the previous week. Specifically, the average overnight term interest rate increased by 2.8 percentage points, to 5.3%/year, while the average 1-week term interest rate decreased by 1.74 percentage points, to 5.47%/year.
