According to a survey by Lao Dong Newspaper reporter, Cake by VPBank is listing the highest interest rate for a 6-month term at 5.5%/year when customers receive interest at the end of the term. For other terms, Cake by VPBank lists interest rates ranging from 3.7-6%/year.
NCB is listing the highest interest rate for a 6-month term at 5.35%/year when customers deposit money in An Phu. If customers deposit traditional money, they only receive interest rates at 5.25%/year.
ABBank is listing the highest interest rate when customers deposit over 1 billion VND for a 6-month term at 5.35%/year, the final interest rate. Customers receive interest on funds and receive a lower interest rate of 5.3%/year.
How to deposit 1 billion VND in savings for 6 months and receive interest?
You can quickly calculate bank deposit interest through the following formula:
Interest = Deposit x interest rate (%)/12 months x number of months deposited
For example, you deposit 1 billion VND into Bank A, with an interest rate of 5.35% for a 6-month term. The interest you receive is estimated by:
1 billion VND x 5.35%/12 x 6 months = 26.75 million VND.
Thus, before depositing savings, you should compare savings interest rates between banks and interest rates between terms to enjoy the highest interest.
* Information about 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.
Readers can refer to more articles about interest rates HERE .
