CBBank lists the highest interest rate for a 6-month term at 5.65%/year when customers deposit money online and receive interest at the end of the term. Currently, CBBank lists the highest interest rate at 5.8% when customers deposit money for 13 months or more.
GPBank is listing the highest 6-month savings interest rate at 5.55%/year when customers deposit electronic savings. GPBank lists the highest interest rate at 6.35% when customers deposit money from 13-36 months.
BacABank 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, BacABank lists interest rates ranging from 0.5-6.25%/year.
How to receive interest if saving 500 million 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 500 million VND in Bank A, with an interest rate of 5.65% for a 6-month term. The interest you receive is estimated at:
500 million VND x 5.65%/12 x 6 months = 14 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.
