Cake by VPBank is listing the highest 6-month savings interest rate at 5.9%/year when customers deposit electronic savings. Cake by VPBank lists the highest interest rate at 6.3% when customers deposit money for 24-36 months.
CBBank listed the highest interest rate for a 6-month term at 5.85%/year when customers deposit money online and receive interest at the end of the term. Currently, CBBank is listing the highest interest rate at 6% when customers deposit money for 12 months or more.
KienlongBank is listing the highest interest rate for 6-month deposits at 5.8%/year when customers deposit money online. For other terms, KienlongBank lists interest rates ranging from 0.5-6.4%/year.
How do you receive interest if you deposit 500 million VND for 6 months?
You can quickly calculate bank deposit interest using the following formula:
Interest = Deposit x interest rate (%)/12 months x number of months deposited
For example, you deposit 500 million VND in Bank A, with an interest rate of 5.9% for a 6-month term. The interest you receive is estimated at:
500 million VND x 5.9%/12 x 6 months = 14.75 million VND.
Before depositing, you should compare savings interest rates between banks and interest rates between terms to enjoy the highest interest.
* Interest rate information is for reference only and may change from time to time. Please contact the nearest bank transaction point or hotline for specific advice.
Readers can refer to more articles on interest rates HERE.
