2 banks with 12-month term interest rates higher than 7%

PVcomBank's interest rate is currently the highest in the market, up to 9% for a 12-month term with a minimum deposit of VND 2,000 billion. Under normal conditions, PVcomBank lists the highest 12-month interest rate at 5.1% when customers deposit money online and 4.8% when depositing money at the counter.

Following that, HDBank with an interest rate of 7.7% for a 12-month term, with a minimum balance of VND500 billion. Under normal conditions, HDBank lists the highest 12-month interest rate at 5.6% when customers deposit money online and 5.5% when depositing money at the counter.

The top banks with high interest rates for 12-month savings under normal conditions include: Cake by VPBank, Vikki Bank...

Cake by VPBank is listing the highest interest rate for 12-month terms at 6%/year when customers receive interest at the end of the term. Customers receiving interest at the beginning of the term, monthly and quarterly, receive interest rates of: 5.61%; 5.82%; 5.85%.

For other terms Cake by VPBank lists interest rates from 4.12 - 6%/year.

Vikki Bank is listing the highest interest rate for 12-month deposits at 6.1% when individual customers deposit money online and receive interest at the end of the term. Currently, Vikki Bank is listing the highest interest rate at 6.1%/year for a term of 12 and 13 months.

How much interest do you receive if you deposit for 12 months?

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

For example, people deposit 200 million VND in Bank A, term 12 months and enjoy interest rate 5.95%/year, the interest received is as follows:

200 million VND x 5.95%/12 x 12 = 11.9 million VND.

For example, people deposit 400 million VND in Bank A, term 12 months and enjoy interest rate 6%/year, the interest received is as follows:

400 million VND x 5.95%/12 x 12 = 23.8 million VND.