Latest Agribank deposit interest rate
According to Lao Dong reporter on September 28, deposit interest rates at Agribank are listed as follows:
The 24-month term interest rate is listed at the highest level, up to 4.8%. Slightly lower, the interest rate for 12-month, 13-month, 15-month, and 18-month savings terms is 4.7%. Next is the 6-month, 7-month, 8-month, 9-month, 10-month, and 11-month terms, Agribank's interest rate is 3.0%.
Interest Rate for 4-month and 5-month terms is lower at 2%. For 1-month and 2-month terms, Agribank's interest rate is 1.7%. For non-term savings interest rates, Agribank is applying a threshold of 0.2%.
Readers can also refer to current bank interest rates through the latest summary table below:
According to Lao Dong reporter on September 27, PVcomBank's interest rate is currently the highest in the market, up to 9.5%/year for a 12-month term. However, to achieve this interest rate, customers must meet a number of strict conditions, one of which is a minimum deposit of VND2,000 billion.
Next is HDBank with a fairly high interest rate, 8.1%/year for a 13-month term and 7.7% for a 12-month term, with a minimum balance of VND500 billion. This bank also applies a 6% interest rate for an 18-month term.
MSB also applies quite high interest rates with interest rates at bank counters up to 8%/year for 13-month term and 7% for 12-month term. The applicable conditions are that new savings books or savings books opened from January 1, 2018 automatically renew with a term of 12 months, 13 months and a deposit amount of 500 billion VND or more.
Dong A Bank has a deposit interest rate of 13 months or more, the final interest rate for deposits of 200 billion VND or more is 7.5%/year. This bank also applies an interest rate of 6.1% for a 24-month term.
NCB applies an interest rate of 6.15% for a 24-month term; Cake by VPBank applies an interest rate of 6.1% for a 12-month term; OceanBank applies an interest rate of 6.1% for a 24-month term; Bac A Bank applies an interest rate of 6.05% for a 24-month term.
BVBank and Cake by VPBank also apply 6% interest rate for 24-month and 12-month terms; VRB and Dong A Bank apply 6% interest rate for 24-month terms; SaigonBank applies 6% interest rate for 13, 18 and 24-month terms, and 6.1% for 36-month terms.
How much money do you receive if you deposit 1 billion VND in Agribank savings?
Formula for calculating bank interest:
Interest = Deposit x interest rate (%)/12 months x deposit term
For example, you deposit 1 billion VND in savings at Agribank on September 8, 2024, depending on the deposit term and the corresponding interest rate, the amount of interest you receive is as follows:
+ Interest on 3-month Agribank savings deposit: 5 million VND.
+ Interest on 6-month Agribank savings deposit: 15 million VND.
+ Interest on 9-month Agribank savings deposit: 22.5 million VND.
+ Interest on 12-month Agribank savings deposit: 47 million VND.
+ Interest on 24-month Agribank savings deposit: 96 million VND.
* 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.
