The top banks with the highest interest rates for 12-month terms under normal conditions include: GPBank, ABBank, INDOVINA Bank Limited (IVB).
GPBank is listing the highest 12-month interest rate at 6.25%/year for customers making electronic savings deposits. Currently, the highest interest rate listed by this bank is 6.35% for terms of 13-36 months.
ABBank is listing the highest interest rate for a 12-month term at 6%/year when customers deposit money online and receive interest at the end of the term. Customers who receive interest in advance, monthly and quarterly receive interest rates of 5.66%, 5.84%, 5.87%/year, respectively.
IVB is listing the highest interest rate for a 12-month term at 5.95%/year for customers who receive interest at the end of the term. Customers who receive interest monthly receive an interest rate of 5.79%/year.
How much interest do you receive if you save 1 billion VND for 12 months?
You can refer to the interest calculation method to know how much interest you will receive after saving. To calculate interest, you can apply the formula:
Interest = deposit x interest rate %/12 x number of months of deposit.
For example, you deposit 1 billion VND into Bank A, for a term of 12 months and enjoy an interest rate of 6.25%/year, the interest received is as follows:
1 billion VND x 6.25%/12 x 12 = 62.5 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.
