Cake by VPBank is listing the highest interest rate of 6 months at 5.7%/year when customers receive interest at the end of the period. When customers receive interest at the beginning of the period, by month and quarter, they will receive interest rates at 5.48% and 5.61% and 5.65%/year respectively.
Currently Cake by VPBank is listing the highest interest rate at 6% when customers deposit money at 12-36 months.
VCBNEO lists the highest interest rate of 6 months at 5.7%/year when customers send money online, receive interest at the end of the period. Currently, VCBNEO lists the highest interest rate of 5.85% when customers deposit money from 12 months or more.
Vikki Bank lists the highest interest rate of 6 months at 5.65%/year when customers send money online, earn interest at the end of the period. Currently the highest interest rate Vikki Bank is listing 6% when customers send 13 months.
For other terms, Vikki Bank lists at 0.5-6%/year.
How to receive interest if you deposit for 6 months?
Formula for calculating interest deposit banking:
Interest = deposit x interest (%)/12 months x number of months deposit
For example, you deposit 500 million VND to Bank A, with an interest rate of 5.7% at a term of 6 months. The interest you get is estimated by:
500 million VND x 5.7%/12 x 6 months = 14.25 million VND.
For example, you send 200 million VND to Bank A, with an interest rate of 5.7% at a term of 6 months. The interest you get is estimated by:
200 million VND x 5.7%/12 x 6 months = 5.7 million VND.
Before depositing savings, people 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 in each period. Please contact the nearest bank transaction point or hotline for specific advice.
Readers can refer to more articles on interest rates HERE.
