CBBank lists the highest interest rate for a 6-month term at 5.85%/year when customers deposit money online and receive interest at the end of the term. Currently, CBBank lists the highest interest rate at 6% when customers deposit money for 12 months or more.
ABBank is listing the highest interest rate for a 6-month term at 5.8%/year when customers deposit money online and receive interest at the end of the term. For other terms, ABBank lists interest rates ranging from 0.5-6%/year.
Cake by VPBank is listing the highest 6-month savings interest rate at 5.5%/year when customers deposit electronic savings. Cake by VPBank lists the highest interest rate at 6.1% when customers deposit money for 24 months.
How to receive interest if saving 1 billion 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 1 billion VND in Bank A, with an interest rate of 5.65% for a 6-month term. The interest you receive is estimated at:
1 billion VND x 5.85%/12 x 6 months = 29.25 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.
