2 banks have interest rates of more than 8.1% for 13-month savings

According to a survey by reporters from Lao Dong Newspaper, among nearly 30 banks in the system, PVcomBank interest rates are leading the 13-month term market when listing the highest savings interest rate at 9.5%/year for products. mass savings products. However, over-the-counter savings only applies to newly opened deposit balances of VND 2,000 billion or more.

Under normal conditions, PVcomBank lists interest rates at 5%/year when customers deposit traditional money.

HDBank applies an interest rate of 8.1%/year for a 13-month term with the condition of maintaining a minimum balance of 300 billion VND. When customers deposit at the counter, under normal conditions they only receive an interest rate of 5.6%/year. If deposited online, customers receive an interest rate of 5.7%/year.

Cake by VPBank is listing the highest interest rate for a 13-month term at 6% when customers receive interest at the end of the term. Customers receiving interest at the beginning of the period only receive an interest rate of 5.46%/year.

ABBank is listing the highest interest rate for 13 months at 5.7%/year when customers receive interest at the end of the term. Customers who deposit money at other terms enjoy interest rates ranging from 0.5-6.2%.

Deposit 1 billion VND for a 13-month term, how much interest can you receive?

You can refer to the interest calculation method to know how much interest you will receive after saving. To calculate interest, you can apply the formula:

For example, you deposit 1 billion VND into Bank A, for a 13-month term and earn an interest rate of 6%/year, the amount of interest received is as follows:

1 billion VND x 6%/12 x 13 = 65 million VND.