Leading the 12-month savings interest rate table, PVcomBank lists interest rates up to 9.5%/year. However, customers need to meet the conditions of depositing a minimum of 2,000 billion VND at the counter and only applies to products with interest at the end of the period. In addition, HDBank lists the highest 12-month savings interest rate at 7.7%/year with the condition of maintaining a minimum balance of VND 300 billion.
Under normal conditions, the top 4 banks with high 12-month savings interest rates include Cake by VPBank, ABBank, BVBank, GPBank.
ABBank is listing the highest interest rate for a 12-month term at 6.2%/year when customers receive interest at the end of the term. Customers receiving interest in advance, monthly and quarterly receive interest rates at 5.84%, 6.03% and 6.06%/year respectively.
Cake by VPBank is listing the highest interest rate for a 12-month term at 6%/year when customers receive interest at the end of the term. Customers who receive interest monthly and quarterly receive interest rates at 5.65% and 5.68%, respectively. The highest interest rate listed by Cake by VPBank is 6% when customers deposit money for 12-36 months.
BVBank is listing the highest interest rate for a 12-month term at 5.8%/year when customers receive interest at the end of the term. Customers who receive interest monthly and quarterly receive interest rates at 5.65% and 5.48%, respectively. The highest interest rate listed by BVBank is 6% when customers deposit money for 18-24 months.
GPBank is listing the highest interest rate for a 12-month term at 5.75%/year when customers receive interest at the end of the term. The highest interest rate listed by GPBank is 5.85% when customers deposit money for 13-36 months.
Deposit 1 billion VND in savings for 12 months, how much interest will you receive?
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 deposited.
For example, you deposit 1 billion VND into Bank A, for a 12-month term and earn an interest rate of 6%/year, the amount of interest received is as follows:
1 billion VND x 6%/12 x 12 = 60 million VND.
* Information about interest rates 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 .
