PVcomBank's interest rate is currently at the highest level in the market, up to 9.5% for a 13-month term with a minimum deposit of 2,000 billion VND.
Next is HDBank with a fairly high interest rate, 8.1%/year for a 13-month term, with the condition of maintaining a minimum balance of 500 billion VND.
MSB also applies quite high interest rates with deposit interest rates at bank counters up to 8%/year for a 13-month term. Applicable conditions are newly opened savings books or savings books opened from January 1, 2018 that automatically renew with deposit terms of 12 months, 13 months and deposit amount from 500 billion VND.
Dong A Bank has a deposit interest rate with a term of 13 months or more, and the interest rate at the end of the term for a deposit of 200 billion VND or more applies at an interest rate of 7.5%/year.
Under normal conditions, banks with high interest rates for 13-month terms include Cake by VPBank, CBBank, and NCB.
Cake by VPBank is listing the highest interest rate for a 13-month term at 6% when customers receive interest at the end of the term. Customers receiving interest at the beginning of the period only receive an interest rate of 5.46%/year.
CBBank is listing the highest interest rate for 13 months at 5.85%/year when customers receive interest at the end of the term. Customers who deposit money at other terms enjoy interest rates ranging from 0.5-5.85%.
NCB is listing the highest interest rate for 13 months at 5.8%/year when customers receive interest at the end of the term. Customers who deposit money at other terms enjoy interest rates ranging from 0.5-6.1%.
Deposit 1 billion VND for a 13-month term, 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 term of 13 months and earn an interest rate of 6%/year, the amount of interest received is as follows:
1 billion VND x 6%/12 x 13 = 65 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 advice.
Readers can refer to more information about interest rates HERE .
