According to a survey by Lao Dong Newspaper, CBBank is listing the highest interest rate for a 6-month term at 5.55%/year when customers deposit money online. Currently, CBBank is listing the highest interest rate at 5.85% when customers deposit money for 13 months or more.
Following closely, Cake by VPBank listed the highest interest rate for a 6-month term at 5.5%/year when customers receive interest at the end of the term. Customers receiving interest at the beginning of the term, monthly and quarterly will receive interest rates of 4.88%, 4.95% and 4.97%/year, respectively. For other terms, Cake by VPBank listed interest rates ranging from 3.69-6.1%/year.
NCB is listing the highest interest rate for a 6-month term at 5.45%/year when customers deposit savings at An Phu. If customers deposit money in a traditional way, they will only receive an interest rate of 5.35%/year.
NCB is listing the highest interest rate at 6.15% when customers deposit money for 18-60 months.
How to receive interest if saving 1 billion VND for 6 months?
You can quickly calculate bank interest using the following formula:
Interest = Deposit x interest rate (%)/12 months x number of months of deposit
For example, you deposit 1 billion VND in Bank A, with an interest rate of 5.55% for a 6-month term. The interest you receive is estimated at:
1 billion VND x 5.55%/12 x 6 months = 27.75 million VND.
So, before saving, you should compare savings interest rates between banks and interest rates between terms to get 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 about interest rates HERE.
