Savings interest rate at Vietcombank for 12-month term
As noted by the reporter of Lao Dong Newspaper, Vietcombank lists savings interest rates ranging from 1.6 - 4.7%, depending on the term.
Of which, the 12-month savings deposit term is 4.6%. Deposit terms range from 24 months - 60 months, Vietcombank interest rate is 4.7%.
Below is the full set of savings interest rates at Vietcombank counters, readers please refer to.
Savings interest rate at MBBank for 12-month term
MBBank's interest rates for customers depositing savings at the counter are fluctuating around 2.8 - 5.5%. In particular, the savings deposit term is 12 months, the interest rate listed by MBBank is 4.6%.
Thus, for a 12-month deposit term, the interest rate brackets Vietcombank and MBBank are listing are the same.
In addition, MBBank also listed the interest rate for deposits with terms of 36 months or more at 5.5%; 24 month term, interest rate at 5.4%.
Below is the full set of MBBank savings interest rates , readers should refer to it for more information.
Savings interest rate at BaoVietBank for 12-month term
For a 12-month savings term, BaoVietBank is listing interest rates ranging from 5.21 - 5.5%. In particular, customers who receive interest at the end of the period will enjoy the highest interest rate.
Currently, BaoVietBank's interest rate schedule is around the threshold of 3.1 - 5.9%. Among them, the highest interest rates for savings deposits at BaoVietBank are 18 months, 24 months, and 36 months (5.9%).
Thus, compared to Vietcombank and MBBank, BaoVietBank's 12-month interest rate is 0.9 percentage points higher.
Below is the full set of BaoVietBank savings deposit interest rates, readers please refer to them for more information.
Sending 500 million VND to MBBank, Vietcombank, BaoVietBank, how will I receive interest after 1 year?
Formula to calculate bank deposit interest:
Interest = Deposit x interest rate (%)/12 months x deposit term.
+ If you deposit 500 million VND in MBBank for a 12-month period with an interest rate of 4.6%, the amount of interest you will receive is:
Interest = 500 million x 4.6%/12 x 12 = 23 million VND.
+ If you deposit 500 million VND in Vietcombank savings for a 12-month period, interest rate is 4.6%, the amount of interest you will receive is:
Interest = 500 million x 4.6%/12 x 12 = 23 million VND.
+ If you deposit 500 million VND in BaoVietBank for a period of 12 months, interest rate is 5.5%, the amount of interest you will receive is:
Interest = 500 million x 4.5%/12 x 12 = 27.5 million VND.
* Information on interest rates is for reference only and may change from time to time. Please contact the nearest bank transaction point or hotline for specific advice.
