According to Lao Dong's records, the savings interest rate of Bac A Commercial Joint Stock Bank (Bac A Bank), applied to deposit balances under 1 billion VND, receiving interest at the end of the term, currently fluctuates in the range of 4.55%/year to 6.9%/year.
Bac A Bank's savings deposit interest rate schedule for deposits under 1 billion VND, with interest paid at the end of the term is listed as follows:
The term from 1-5 months is 4.55%/year;
The term from 6-11 months is 6.85%/year;
The 12-month term is 6.9%/year - the highest level in the interest rate schedule;
terms from 13-36 months are applied at a rate of 6.75%/year.
Meanwhile, interest rates on demand deposits and terms from 1-3 weeks are listed at 0.5%/year.
Deposit 300 million VND at Bac A Bank, 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 300 million VND at Bac A Bank, customers can receive the highest interest rate 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.
