According to a survey by PV News of Labor, CBBank is currently listing the highest interest rate of 5.55%/year for a 6-month term when customers deposit money online.
Cake by VPBank is currently listing the highest interest rate of 5.5%/year for a 6-month term when customers receive interest at the end of the period. For other terms, Cake by VPBank lists interest rates ranging from 3.7-6%/year.
NCB is currently listing the highest interest rate of 5.35%/year for a 6-month term when customers deposit money into the An Phú savings account. If customers deposit money traditionally, they will receive interest rates of 5.25%/year.
ABBank is currently listing the highest interest rate when customers deposit over 1 billion VND for a 6-month term at 5.35%/year, with interest paid at the end of the period. Customers who receive interest quarterly will receive a lower interest rate of 5.3%/year.
How much interest will you receive if you deposit 500 million VND for 6 months?
You can quickly calculate the interest you will receive from a bank using the following formula:
Interest = Principal x Interest Rate (%)/12 months x Number of Months
For example, if you deposit 500 million VND into Bank A with an interest rate of 5.55% for a 6-month term, you can expect to receive an estimated interest of:
500 million VND x 5.55%/12 x 6 months = 13.87 million VND.
Therefore, before depositing money, you should compare interest rates between banks and between different terms to receive the highest interest rate.
* The information on interest rates is for reference only and may change over time. Please contact the nearest bank branch or hotline for specific advice.
You can refer to additional articles on interest rates CLICK HERE.
