The top 3 banks with savings interest rates from 5.95% for 12-month terms under normal conditions include 3 banks: GPBank, 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. For other terms Cake by VPBank lists interest rates from 4.28 - 6%/year.
GPBank is listing the highest 12-month interest rate at 5.95%/year for customers making electronic savings deposits. Currently, the highest interest rate listed by this bank is 5.95% for a term of 13 - 36 months.
Vikki Bank is listing the highest 12-month interest rate at 5.95% when customers deposit money online and receive interest at the end of the term. For other terms, Vikki Bank is listing interest rates from 0.5-6%/year.
How much interest do you receive if you deposit for 12 months?
Formula for calculating interest when depositing in bank savings:
Interest = deposit x interest rate %/12 x number of months deposited
For example, you deposit 500 million VND in Bank A, term 12 months and enjoy interest rate 6%/year, the interest received is as follows:
500 million VND x 6%/12 x 12 = 30 million VND.
For example, you deposit 1 billion VND in Bank A, term of 12 months and enjoy interest rate of 6.05%/year, the interest received is as follows:
1 billion VND x 6%/12 x 12 = 60 million VND.
* 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 information about interest rates HERE.
