5 banks with the highest interest rates for 12-month savings

The top banks with the highest interest rates for 12-month terms under normal conditions include: BacABank, Cake by VPBank, NCB, Saigonbank, BVBank.

BacABank is listing the highest interest rate for a 12-month term at 5.9%/year when customers receive interest at the end of the term. Customers receiving interest in advance, monthly and quarterly will receive interest rates of 5.75% and 5.8%/year, respectively.

Cake by VPBank 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 receive interest monthly and quarterly, with interest rates of 5.65% and 5.68%, respectively. The highest interest rate listed by Cake by VPBank is 6.1% when customers deposit for 24 - 36 months.

The highest interest rate for 12-month savings at NCB is currently listed at 5.8% when customers deposit savings at An Phu. Customers depositing traditional savings only receive an interest rate of 5.7% when receiving interest at the end of the term.

Saigonbank is listing the highest interest rate for a 12-month term at 5.8%/year when customers deposit money online. The highest interest rate listed by Saigonbank is 6.1% when customers deposit money for 36 months.

BVBank is listing the highest interest rate for a 12-month term at 5.8%/year when customers deposit money online and receive interest at the end of the term. The highest interest rate listed by BVBank is 6% when customers deposit money for 18-24 months.

How much interest do you receive if you save 300 million VND for 12 months?

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:

For example, you deposit 300 million VND in Bank A, term 12 months and enjoy interest rate 6%/year, the interest received is as follows:

300 million VND x 5.9%/12 x 12 = 17.7 million VND.