According to the new interest rate schedule, Bac A Bank applies a unified interest rate for VND deposits of individual customers, instead of dividing them into two groups of customers depositing under 1 billion VND and from 1 billion VND or more as before. Thus, the interest rate for customers depositing under 1 billion VND has been increased to the level applied to customers depositing from 1 billion VND or more.
Accordingly, the deposit interest rate for terms of 1-5 months increased by 0.2 percentage points to 4.75%/year. Terms of 6-11 months also increased by 0.2 percentage points, to 7.05%/year.
For the 12-month term, Bac A Bank listed the highest interest rate at 7.1%/year, an increase of 0.2 percentage points compared to before. Interest rates for terms from 13-36 months also increased at the same level, to 6.95%/year.
Deposit 100 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 100 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.
